Sentences with phrase «capitalized during a forbearance»

Interest may be capitalized during a forbearance, creating a more expensive loan.

Interest may be capitalized during a forbearance, creating a more expensive loan.

Not exact matches

This is especially true during periods of deferment (including in - school and grace periods) and forbearance when interest is accruing but not yet capitalized.

You'll be responsible for any interest accrued during forbearance, and, as the Department of Education warned, that interest «may be capitalized.»

During a forbearance, if you don't pay at least the interest each month, it will eventually be capitalized.

When the interest is not paid as it accrues during the grace period or periods of in - school status, deferment, or forbearance, your lender may capitalize the interest.

Please note that interest still accrues (accumulates) during the forbearance period, but the accrued interest will not be capitalized (added to the principal loan balance) when the forbearance ends.

Since interest is charged and capitalized on all loans during periods of forbearance, this can be an expensive option.

During each three - month forbearance period, unpaid interest will continue to accrue and will be capitalized (added) onto your principal balance.

When the interest is not paid as it accrues during periods of in - school status, the grace period, deferment, or forbearance, your lender may capitalize the interest.

Interest that accrues during periods of assistance, like deferment or forbearance, capitalizes at the end of the assistance period.

As stated above, interest will continue to accrue on your student loans during both deferment and forbearance, and if you can not afford to pay off the interest that has accrued, it will be capitalized.

When you are responsible for paying the interest on your loans during a deferment or forbearance, you can either pay the interest as it accrues, or you can allow it to accrue and be capitalized (added to your loan principal balance) at the end of the deferment or forbearance period.

Like deferment, unsubsidized federal student loans and private student loans continue to accrue interest during forbearance, and the accrued interest capitalizes - which means it is added to the loan» principal balance - once the forbearance ends.

Also, according to the government, when you have a partial financial hardship, ``... interest that accrues but is not covered by your loan payments will not be capitalized, even if interest accrues during a deferment or forbearance.»