 |
School Loan Consolidation and
|
|
Home > Search > School Loan Consolidation What is forbearance?
If you find you can't meet your repayment schedule but you're not eligible for a deferment, you might be granted forbearance for a limited and specified period. During forbearance, your payments are temporarily postponed or reduced. Unlike deferment, whether your loans are subsidized or unsubsidized, you'll be charged interest during forbearance. If you don't pay the interest as it accrues, it will be capitalized. As is true with deferment, you aren't just granted forbearance automatically; you must formally request one from your loan holder. You might have to provide documentation to support your request. You might be granted forbearance if you are:
|
|
