FORBEARANCE

If you can’t make payments on your direct loan for reasons such as unexpected medical problems and you don’t qualify for a deferment, you may request forbearance of loan payments. During forbearance, you may make either no payments or smaller payments than originally scheduled for a limited period of time. Note that even if you receive a forbearance interest will continue to accumulate during the forbearance period and will be capitalized when the forbearance ends. There are several types of forbearance and reference should be made to the Direct Loan Servicing Center website (http://www.dl.ed.gov/) for a complete listing.