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Iencing financial difficulties which prevent you from making timely payments on your loan(s), you may be eligible for a forbearance arrangement. Forbearance is granted at the lender s option. The following option is provided as an alternative to regular monthly payments for borrowers. This option is available for six (6) month periods per request and can be renewed upon submission of a new form. This option is available for a period of 12 months or 24 months depending on your loan program. Acc.

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Student loan deferment and forbearance will be noted in your credit reports, and neither will hurt your overall credit score. However, your credit score will be affected if you are late or miss a payment prior to deferment or forbearance approval.

When you request a deferment of a Sallie Mae undergraduate student loan, you won't have to make principal and interest payments while you're in school or during your internship, clerkship, fellowship, or residency. ... Any extra interest payments you can make while you're in deferment can help lower the Total Loan Cost.

As soon as you realize you won't be able to make your monthly payment, call us and explain your situation. We can help you determine if forbearance is the best option for you. There's no form to submit; our customer service team can help you set it up.

Log in to your account and click Postpone My Payment to apply for deferment or forbearance. You can also call us at 888.486. 4722. Calculate accrued interest while in deferment or forbearance. (To avoid capitalization, you may choose to pay accruing interest or even small payments toward the balance.)

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232