Sentences with phrase «general forbearance for»

There is no fixed cumulative limit on general forbearance for Direct Loans and FFEL Program loans.

There is no fixed cumulative limit on general forbearance for Direct Loans and FFEL Program loans, but your loan servicer may set a limit on the maximum period of time you can receive a general forbearance.

You can also request general forbearance for financial difficulties, but in this case, approval is at the discretion of your lender.

Not exact matches

General forbearances are available for Direct Loans, FFEL Program loans, and Perkins Loans.

For this reason, a general forbearance is sometimes called a «discretionary forbearance.»

You may qualify for a General Forbearance if you are having temporary financial difficulty that prevents you from paying the minimum monthly amount on your student loans.

At the time a servicer provides the written notice pursuant to § 1024.41 (c)(2)(iii), if the servicer lacks information necessary to determine the amount of a specific payment due during the program or plan (for example, because the borrower's interest rate will change to an unknown rate based on an index or because an escrow account computation year as defined in § 1024.17 (b) will end and the borrower's escrow payment might change), the servicer complies with the requirement to disclose the specific payment terms and duration of a short - term payment forbearance program or short - term repayment plan if the disclosures are based on the best information reasonably available to the servicer at the time the notice is provided and the written notice identifies which payment amounts may change, states that such payment amounts are estimates, and states the general reason that such payment amounts might change.

You can request a general forbearance if you are temporarily unable to make your scheduled monthly loan payments for the following reasons:

General forbearances are available for Direct Loans, FFEL Program loans, and Perkins Loans.

For Perkins Loans, there is a cumulative limit on general forbearance of three years.

Your loan servicer decides whether or not to grant a request for a general forbearance.

For loans made under all three programs, general forbearances may be granted for no more than 12 months at a tiFor loans made under all three programs, general forbearances may be granted for no more than 12 months at a tifor no more than 12 months at a time.