How to deal with loan repayment problems
Your loan holder is generally not required to grant a forbearance and may require you to provide rationale for the request in addition to other information. However, your loan holder is required to grant a forbearance in certain circumstances, including if:
- You’re serving in a medical or dental internship or participating in a residency program.
- You receive a national service Education Award under the National and Community Service Trust Act of 1993.
- You’re eligible for the Teacher Loan Forgiveness Program and your cancellation amount will satisfy the anticipated outstanding Stafford loan balance at the time of the expected cancellation.
- You qualify for an economic hardship deferment.
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