Forbearance
Forbearance is a period of time during which you are not required to make principal payments on your loan(s). You continue to be responsible for the interest, which you may pay or may allow to have added to your balance. When accrued interest is added to your principal, your monthly payment amount will adjust accordingly to ensure the loan is fully paid over the remaining repayment period.

It may be mandatory for a forbearance to be granted by the lender if you meet certain criteria; or the lender may use discretion in providing you a forbearance. Call us if you need time off from making full payments on your loan(s).

Do you want to temporarily lower your payments? Are you experiencing financial difficulties? Are your student loan payments greater than 20% of your gross monthly income? If the answer is yes to any of these questions, download this form to start the forbearance process.