Sentences with phrase «general forbearance of»

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

Not exact matches

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

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.

But surely none of these assessments of that bellicose era can hold a candle to General Robert E. Lee's reflections on it: «had forbearance and wisdom been practiced by both sides,» it might have been prevented.

Interestingly in January 2017, Washington state Attorney General Bob Ferguson filed a lawsuit against Navient Corporation, accusing the lender of a number of deceptive practices, including pushing distressed students toward short - term forbearance.

However, its sister company, Navient, was sued in January by the Consumer Financial Protection Bureau and several state attorneys general, over allegations that it pushed students into forbearance instead of enrolling them into money - saving income - contingent repayment plans.

There are two kinds of student loan forbearance: General and Mandatory.

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.

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.

However, your loan servicer may set a limit on the maximum period of time you can receive a general forbearance.