http://www.profit-managing.com Manage your credit easily and efficiently Fri, 14 May 2010 08:28:49 +0000 en hourly 1 http://wordpress.org/?v=3.0 /how-to-deal-with-loan-repayment-problems/ /how-to-deal-with-loan-repayment-problems/#comments Sun, 12 Apr 2009 14:33:28 +0000 admin http://www.profit-managing.com/?p=43 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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