Get the up-to-date General Forbearance Request. Use this form to request a general forbearance on yor Direct Loans, FFEL Program loans, or Federal Perkins Loans. 2024 now

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Combines eligible federal loans into a single Direct consolidation loan. Consolidating FFELP loans into the Direct Loan program allows access to repayment plans or forgiveness options created solely for Direct Loans, including Public Service Loan Forgiveness (PSLF). Repayment term of up to 30 years.
Forbearance also means that you can avoid foreclosure for your inability to pay missed loan repayments so that you can prevent your personal assets from being seized by your lender during the period for payment relief. It also allows you to pay more critical expenses, such as rent, utilities, or medical fees.
Review your billing statement For federal student loans, the top of a student loan bill will have the name of your student loan servicer and the name of your federal student loan program. For private student loan bills, you'll see the name of your private lender on the bill instead.
All borrowers who have federally owned FFEL loans are eligible for federal forgiveness through President Biden's student loan forgiveness plan, as are borrowers with commercially held FFEL loans that are currently in default.
The main difference between the Direct and FFEL loan programs is the source of funds for borrowers. Funds for Direct Loans come from the federal government; loans made through the FFEL program are provided by private lenders and are insured by guaranty agencies and reinsured by the federal government.
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Yes, there are benefits to making payments on your student loans while they're in forbearance. Due to the ongoing pandemic, the automatic federal student loan forbearance that was put in place as a result of the CARES Act has been extended until at least September 30, 2021.
A forbearance is a period during which you are allowed to postpone making payments temporarily, allowed an extension of time for making payments, or temporarily allowed to make smaller payments than scheduled.
If you're having trouble repaying your loans, you may consider requesting a loan deferment or forbearance: With a loan deferment, you can temporarily stop making payments. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.
Find out if a forbearance is the best option for your situation. Get Relief With Lower Payments on an Income-Driven Repayment Plan. Be Aware That Interest Might Accrue During a Forbearance. Request a Forbearance.
If you're having trouble repaying your loans, you may consider requesting a loan deferment or forbearance: With a loan deferment, you can temporarily stop making payments. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.

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