Everyone needs payment relief sometimes! If you are having difficulty making your payments, contact your servicer’s immediately! You will likely qualify for one of the repayment options below:
Loan Deferment is a temporary suspension of loan payments for specific situations.
Forbearance is a temporary postponement or reduction of payments for a period of time, as you and the lender or holder of your loan may agree, because you are experiencing financial difficulty.
Graduated payment plans provide short-term relief through low, interest-only payments followed by standard principal and interest payments.
Pay As You Earn, Income-Based, Income-Contingent and Income-Sensitive payment plans offer payment relief with payments that are a specific percentage of your gross monthly income.