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Forbearance Options

Forbearance Options

Forbearance Form Description

Mandatory Forbearance

A lender must grant a forbearance to a borrower under the following situations provided the lender received the borrower's request and applicable supporting documentation:

  • Internship or Residency
  • Debt Exceeds Monthly Income
  • National Service, Loan Forgiveness, or Department of Defense Repayment
Discretionary Forbearance A lender may grant a forbearance to a borrower under the following situation provided the lender received the borrower's request:
  • Economic Hardship
Teacher Loan Forgiveness Forbearance A lender must grant a forbearance to an eligible borrower who is performing qualified teaching service and who, after completing five consecutive complete academic years of teaching, will have an outstanding balance of $5,000 or less.

 

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Contact information

For more information regarding deferment or forbearance, please contact a CSLF Loan Coordinator at (800) 237-9721.