What happens if I am on a deferment and/or an assistance program for my simple interest loan? If you're on a deferment or assistance program, remember that interest will continue to accumulate while you're in the program. When the program ends, the priority is to take care of the total interest before the main loan amount. All payments made after the completion of the program will go directly to covering the total interest and any potential late fees before at the actual amount you borrowed. Sign up for a program.
