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    Mandatory Forbearance Application

    Forbearance is typically granted at your lender's discretion. However, in certain cases of economic hardship, you cannot be denied the student loan debt burden "mandatory forbearance" if you qualify for it.
    Updated: April 6, 2015

    Sometimes called "excessive debt forbearance," this mandatory forbearance requires your lender to let you postpone your student loans in certain cases of economic hardship. Forbearance time is limited, so do not use it unless you really need to.

    Note: "Mandatory" here means that the servicers are required to allow it, not that you are required to use it. This makes it different from other kinds of forbearance, which are generally granted at the lender or servicer's discretion.

    Qualifying Loans

    You qualify for this forbearance if the payments on your federal student loans are greater than 20% of your gross monthly income.

    Forbearance time is limited, so do not use it unless you really need to.

    What You'll Need

    Documentation of your federal student loan debt and your income.

    Where To Send This Form

    The Department of Education has released a single application form, which is valid for all federal student loan servicers. Submit this to your servicer (the company that sends you the bills). If you don't know who that is, you can go to the National Student Loan Data System (NSLDS®) to find out.

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    Forbearance is typically granted at your lender's discretion. However, in certain cases of economic hardship, you cannot be denied the student loan debt burden "mandatory forbearance" if you qualify for it.
    Actualizado: 6 abril 2015
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