Get Short Term Relief

Get Short Term Relief

If you are in a short-term economic bind, you could be eligible for a deferment or perhaps a forbearance. With either of the choices, you are able to temporarily suspend your repayments.

In terms of deferment and forbearance, however, there are two main essential things to give consideration to:

  • In most situations, interest will accrue through your amount of forbearance or deferment. This implies your balance will increase and you will pay more on the full life of the loan.
  • Any period of deferment or forbearance likely will not count toward your forgiveness requirements if you’re pursuing loan forgiveness. More →