Sentences with phrase «general forbearance if»

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

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.

Not exact matches

Requirements will vary, but in general, some private student lenders may extend forbearances during times of financial trouble, if you've incurred medical expenses, if you've recently lost your job, or had a significant reduction in wages.

General forbearance's approval will depend on your lender's discretion, especially if it's general forbeGeneral forbearance's approval will depend on your lender's discretion, especially if it's general forbegeneral forbearance.

If you think you need one, request a forbearance by submitting a form called the General Forbearanforbearance by submitting a form called the General ForbearanceForbearance Request.

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.

If you are still experiencing a hardship when your current forbearance expires, you may request another general forbearance.