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The federal student loan programs include the Direct Loan, FFEL, and Perkins Loan programs. For FFEL Program borrowers only, you are only eligible if all of your FFEL Program loans were first disbursed ... you must submit a separate deferment request to each loan holder. Return the completed form and any required documentation to the address ...


Discuss obtaining a deferment or forbearance with your loan servicer. Our goal is to keep you on the path to successful repayment of your federal student loan. We want you to avoid delinquency and default. Explore Student Loan Deferment and Forbearance Get Relief With Lower Payments on an Income-Driven Repayment Plan


Determine if your federal student loans are eligible for a deferment or forbearance. Take Our Eligibility Quiz. Suspending payments can have a big impact on the overall cost of repaying your student loans. Consider making payments to limit the interest that may capitalize (be added to your balance) over time.


During repayment there may be a time when you might have trouble making your monthly payment on your student loan. One of the benefits of federal student loans is that they have built-in flexibility that makes paying them back easier. One of the flexible repayment options is the ability to postpone your payments temporarily.


Federal student loan servicers — Our website lists servicer contact information for borrowers who want to ask questions, request a deferment or forbearance, etc. U.S. Department of Education COVID - 19 information for schools and school personnel


If you want to suspend payment of your federal student loans for 60 days without any penalty, you can contact your federal student loan servicer to request an administrative forbearance. This is ...


for a deferment on loans that are held by different loan holders, you must submit a separate deferment request to each loan holder. Return the completed form and any required documentation to the address shown in Section 6.


Unpaid interest is capitalized only on Direct Loans and Federal Family Education Loan FFEL Program loans. Unpaid interest is never capitalized on Federal Perkins Loans. Request a Forbearance. Most types of forbearance are not automatic—you need to submit a request to your student loan servicer, often using a form.


If you hold federal student loans and you’re not sure who your loan servicer is, you can call 1-800-433-3243 to speak with the Federal Student Aid Information Center. Even after the 60-day adminstrative forbearance, you can still request additional months of forbearance, assuming you still have months remaining in your loan’s forbearance limit.


The biggest difference between the forbearance and deferment is that you won't incur interest charges on some types of loans while under deferment. Loans that you don't have to pay interest on during deferment include Direct Subsidized Loans, Subsidized Federal Stafford Loans, Federal Perkins Loans, the subsidized portion of Direct ...