Forbearance is available in 12 - month periods but interest
keeps accruing on all your loans.
Not exact matches
With regards to fees, there is a one - off # 15 default charge for missing the scheduled repayment
on a 3 month
loan and the daily interest of [daily - interest]
keeps accruing until the balance has been cleared.
However, if you are able to make payments while in school, even if payments are only
on the
accruing interest, you can save yourself some money and
keep your overall
loan costs lower.
Right now I'm just trying to
keep up with the
accruing interest
on my student
loans, which totals over $ 200 a month.
Just
keep in mind that interest will
accrue during these periods, just as it does
on unsubsidized federal direct
loans and PLUS
loans (for more
on this topic, see «What are my repayment options for private student
loans?
REPAYE also provides an interest subsidy payment to borrowers in cases where payments under the REPAYE plan can not
keep up with
accrued interest
on the student
loans.
I also excluded the effects inflation and interest
accrued on the
loan to
keep things simple.