Whyaremystudentloansinforbearance?

Student loans may be placed in forbearance if the borrower is experiencing financial hardship and is unable to make the required monthly payments.

During forbearance, the borrower is allowed to temporarily suspend or reduce their loan payments. Interest continues to accrue on the loan during this period, which can increase the total amount owed over time.

Borrowers typically need to request forbearance from their loan servicer and demonstrate their financial difficulties to qualify.

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