Not sure which one looks better, but just so you know, you are only in deferrment while you are ATTENDING school. If you are out of school, you are in a forebearance and interest is being added onto your principal balance. I would start making payments on it just to avoid all that extra interest. Or if you do apply for a forbearance, keep making payments monthly anyway so you aren't faced with a huge balance at the end. I started with only $7,000 in loans and now owe over $11,000 for interest.