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Forbearance Case

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Forbearance Case
Hi Deneka,

Borrowers of the Federal Perkins Loan Program have an opportunity to postpone their payments by using Forbearance. Forbearance is a temporary postponement of payments. Each borrower receives 36 months of Forbearance time to use on their loan (s). Forbearance differs from a Deferment in that your loans continue to accrue interest but are not due, therefore they are reported as current and in good standing to the Credit Bureaus. In your situation we would use this time to bring your loan current until you return the Deferment/ Cancellation forms that were sent to you. Once we receive the forms back the Forbearance will be removed and the deferment added and you Credit will be updated.

If you would like to use forbearance please
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