Consolidating student loans and forbearance
To qualify for this deferment, your first Stafford or SLS loan must have been disbursed before July 1, 1993, or for parent borrowers, your PLUS loan must have been disbursed before August 15, 1983.Consolidation loans do not qualify for this deferment.To qualify for this deferment, your first Stafford or SLS loan must have been disbursed before July 1, 1993, or for parent borrowers, your PLUS loan must have been disbursed before August 15, 1983. Armed Forces during a war, military operation, or national emergency.Consolidation loans do not qualify for this deferment. You may also qualify if you are serving in a reserve component of the Armed Forces or the National Guard in a full-time capacity for a period of at least one year or due to a national mobilization.
When your request for forbearance is approved and granted you will either not have to make loan payments or have lower payments for a short time.
Unfortunately, many companies that offer student loan debt relief are trying to make money off people who need help with their student loans.
You should never pay for help with a loan forbearance.
However, for unsubsidized Stafford loans, PLUS loans, SLS loans, or unsubsidized consolidation loans, interest will accrue during the deferment period, so it's wise to pay at least the interest on your loan each month.
This will prevent your interest from being capitalized, or added to the principal of your loan, essentially increasing your total balance and requiring you to pay more in the long run.
Download the General Forbearance Application (PDF)Mandatory Forbearance If you are enrolled in a medical or dental internship/residency or a member of the National Guard on active duty, or are patriating in the Department of Defense Repayment then you can apply for Mandatory Forbearance.