About deferment and forbearance
|What they mean||
A student loan deferment or forbearance allows you to temporarily postpone your monthly payments under certain circumstances, such as:
All loan types—You are responsible for paying the daily interest accrual during periods of forbearance.
|Requesting a deferment or forbearance||
|Endorser/Co-Maker requesting a deferment or forbearance||
Keep in mind
- A deferment or forbearance is only a temporary suspension of your monthly payments.
- In most cases the interest on your student loans continues to accrue during this time.
Help me choose a form. Our interactive Eligibility quiz helps you determine if your federal student loans are eligible for a deferment or forbearance and provides the best options for postponing your payments.
I already know which form I need.