Note: Borrowers will be disqualified from this benefit for
using an economic
hardship deferment or bankruptcy
forbearance to temporarily stop making payments or for
using an alternative repayment plan.
Borrowers
using P2P lending to refinance federal student loans lose the protections available to federal student loan borrowers, including income - driven repayment plans, loan forgiveness, and deferral or
forbearance while the borrower returns to school or faces economic
hardship or disability.