There are reasons why you may not be able to meet the obligations of your PLUS Loan. The good news is you don’t have to default on your PLUS Loan or possibly hurt your credit.
Get a breather from payments for up to four academic years!
Our Manageable PLUS Loan delayed repayment option allows you to forgo making monthly payments for up to four academic years. You must apply for forbearance annually and you will be responsible for interest that accrues during forbearance.
Important Facts About Forbearance
- Forbearance must be applied for each year.
- In some cases, forbearance is granted at the discretion of the lender.
- You must continue to make all necessary loan payments until notified by your loan servicer that forbearance has been approved.
- The forbearance period is excluded from the period of repayment. So, if your repayment period is 10 years, the 10-year period will not begin until you are making loan payments.
Download a Deferment or Forbearance Form
Let Us Help
If you need to postpone or reduce your payments, please
contact our customer service
center to speak with an education
loan specialist. We're available at 1-800-762-1001, Monday through Thursday from 8am to 9pm and Friday from 8am to 6pm Eastern time. You can also contact your loan servicer.
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