Forbearance
If you sincerely want to pay your loan but are financially unable to do so, you may request forbearance. Forbearance provides a temporary postponement or reduction of principal payments for a specified period of time. During forbearance, your loan will continue to accrue interest. If you don't pay the interest as it accrues, it will be capitalized.
Forbearance is a great way to avoid delinquency or default, but it is not a right. To request forbearance, you must contact your lender directly. Lenders are not required to grant forbearance, and must review your individual circumstances to determine your eligibility.
Financial Aid Advisor
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