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Forms Available for Download
Deferment Forms Available
A deferment is a period of time during repayment in which the borrower, upon meeting certain conditions, is not required to make payments of loan principal. Interest does continue to accrue during these periods of deferment. For some loans, the federal government pays the interest during the deferment. On others the borrower is responsible for the accrued interest either by making monthly interest payments or having the interest capitalized.
Forbearance Forms
A period of time during which a borrower, who is willing
but unable to make payments and who does not qualify for a deferment,
is permitted to temporarily cease making payments or reduce the amount
of payments. Some forbearances are entitlements for eligible borrowers,
while others are granted at the discretion of the lender. The borrower
is always responsible for repayment of accrued interest charges. The borrower
can make interest-only payments, or the interest will be capitalized (added
on to the principal). More information
on forbearances...
Request for Alternate Repayment Schedule
Income-sensitive Repayment Schedule - due to the nature of income-sensitive
repayment, the request form is not available for download. If you feel
that you may be eligible for an income-sensitive repayment plan, you can
request the appropriate form.
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