Forbearance Overview

Forbearance is a TEMPORARY postponement of your loan payments due to a temporary financial hardship. However, unlike a deferment, interest continues to accrue during the postponement and then capitalizes at the end of the forbearance period.

As forbearance programs are different for each lender in terms of eligibility requirements and repayment responsibilities, we strongly encourage you to contact one of our counselors if you are interested applying for a forbearance.

Our counselors will help you understand the implications of obtaining a forbearance, which may include increased monthly payments after your forbearance period ends.