| TYPE |
LENGTH |
| Discretionary |
Financial difficulties due to personal problems when the borrower is unable to make regularly scheduled payments1
Reduced-Payment Forbearance1 |
The period established in the terms on the written forbearance agreement (not to exceed 12-month increments); no maximum |
|
Mandatory |
Medical or Dental Internship/Residency2, 3, 4
Department of Defense Student Loan Repayment Programs3, 4
National Service2, 3, 4 |
12-month increments (or a lesser period equal to actual period during which the borrower is eligible); no maximum |
Loan Forgiveness for Child Care Providers
Note: Contingent upon funding by Congress. |
Note: Procedures for this forbearance type are currently being discussed by the industry and the Department. |
| Debt Exceeds Monthly Income4, 5 |
12-month increments; 3 years maximum |
| Teacher Loan Forgiveness2, 6, 4 |
Period while borrower maintains forgiveness eligibility. 12-month increments; 5 years maximum For period while lender is awaiting completed forgiveness application, not to exceed 60 days Date lender receives a completed loan forgiveness application to date lender receives either a denial or loan discharge |
|
Mandatory Administrative |
Local or National Emergency7
Military Mobilization8
Designated Disaster Area7 |
Period specified by the Department or guarantor plus 30 days following the period |
| Repayment Accommodation |
3-year maximum for variable interest rate; 5-year maximum for income-sensitive repayment |
| Unpaid Refund Discharge |
60 days from date application sent to borrower if application is not received by lender, and from date guarantor receives documentation to date of determination
The period during guarantor review and ending on the date lender receives the guarantor's determination for a borrower who requests a review of a denial determination |
| Death |
Date lender receives reliable notification of death to date lender receives death certificate or other acceptable documentation, not to exceed 60 days |
|
Administrative |
| Borrower Ineligible for Deferment6 |
Beginning date to ending date of the ineligible deferment |
| Delinquency before a Deferment or Certain Forbearances6
|
First date of overdue payment to the day before the beginning date of deferment or other forbearance type |
| Late Notification of Out-of-School Dates6 |
Date borrower should have entered repayment to date first or next payment was established |
| Bankruptcy Filing6 |
The earlier of the first date of overdue payment or receipt of reliable information that the borrower has filed bankruptcy to date of discharge determination or repurchase |
| Total and Permanent Disability6 |
Date lender receives reliable information to date lender receives acceptable documentation, not to exceed 60 days
Date lender receives physician letter requesting additional time to date lender receives acceptable documentation, not to exceed 60 days |
| Repurchase of a Non-bankruptcy Claim6 |
The period that the loan was held by the guarantor due to a claim purchase |
| Death |
Date after mandatory administrative forbearance due to reliable notification of death ends to date lender receives death certificate or other acceptable documentation, not to exceed 60 days |
| Closed School |
Period of unofficial closure notice as specified by guarantor |
| Closed School or False Certification6 |
60 days from date application sent to borrower if application is not received by lender, and from date guarantor receives documentation to date of determination |
| Delinquency after Deferment or Mandatory Forbearance6 |
Deferment or mandatory forbearance end date to establishment of next payment due date |
| Documentation Collection and Processing6 |
Date borrower requests deferment, forbearance, change in repayment plan, or loan consolidation to date supporting documentation is processed by lender, not to exceed 60 days |
| Unpaid Refund6 |
End date of initial 60-day mandatory administrative forbearance to receipt of completed discharge request, and during period of determination of discharge eligibility |
| New Out-of-School Dates after Conversion6 |
Original repayment start date to adjusted start date |
| Loan Sale or Transfer6 |
First date of delinquency to date loan is sold or transferred, if the loan is less than 60 days delinquent |
| Ineligible Summer Bridge Extension6 |
Day after expiration of borrower's last in-school deferment to the 30th day after fall classes begin |
| Cure6 |
Date of earliest unexcused violation to date lender receives a full payment or new signed repayment agreement |
| Natural Disasters6 |
From date borrower affected, not to exceed 3 months for each occurrence |
| Repayment Alignment-SLS/Stafford4 |
First payment due date to last day of the longest applicable Stafford loan grace period |
| Note: For detailed information about each forbearance situation, refer to the applicable subsection. |
1 A request, a signed forbearance agreement, and reason for forbearance are required.
2 For borrowers only.
3 A request, supporting documentation from the authorized official(s) indicating the beginning and ending dates, and written agreement are required.
4 A request is required.
5 A request and supporting documentation of monthly income and monthly payments on Title IV education loan obligations, and written agreement are required.
6 Lender must notify the borrower (or endorser, if applicable) and document the beginning and ending dates and reason for the forbearance in borrower history record.
7 Notice from the Department or guarantor is required.
8 Documentation showing borrower is subject to a military mobilization is required. |
