Already Have An Account?

Please provide a valid email that is no more than 64 characters long.

One More Thing ...

Please confirm the following before we create your account.

First NameLast NameYear Of Birth

Is this information correct?

  

We're Sorry ...
Unfortunately, you are ineligible to join Salt® at this time.
This window will close automatically.

Forgot Your Password?

Just give us your email address.

Please provide a valid email that is no more than 64 characters long.

Still need help? Contact Us

Thank you.

Please check your email for password reset instructions.


All Done

Create Your Free Account

Please enter your name.
Please enter your name.
Please provide a valid email that is no more than 64 characters long.
Your password should be between 8 and 32 characters long.

Please select your year of birth.
This field is required.
Need help? Contact Us.Already registered? Log inLog in.

Thanks For Joining Salt!

Hang on while we create your account ...


     (5)

      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: November 2, 2016

      Sometimes called "excessive debt forbearance," mandatory forbearance requires your lender to let you postpone your student loans—provided you meet certain criteria. If you do, your servicer must let you use this postponement. This is unlike most other kinds of forbearance, which are generally granted at the lender or servicer's discretion.

      Of course, even if you do qualify for this forbearance, you aren't required to use it if you don't want to. You only get 12 months of forbearance at a time for a total of 3 years, so only use it when you absolutely need to. If you've already used that time, you won't be eligible for another forbearance (even if it's "mandatory").

      How To Qualify

      You can qualify for this forbearance in certain cases of economic hardship. This includes if the payments on your federal student loans are greater than 20% of your gross monthly income. You may also be eligible based on your work (e.g., medical or dental internship, national service, teaching). Contact your student loan servicer for more information.

      What You'll Need

      Documentation of your federal student loan debt and your income.

      Where To Send This Form

      The U.S. 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.

      Download Now

      Solicitud de período de gracia obligatorio

      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: 7 febrero 2017

      Conocido a veces como "período de gracia por exceso de deuda", el período de gracia obligatorio obliga al prestamista a permitir que pospongas tus préstamos estudiantiles, siempre que cumplas con ciertos criterios. De ser así, tu administrador de préstamos debe dejarte usar este aplazamiento. Esto lo hace diferente de otros tipos de período de gracia, los cuales normalmente se otorgan a discreción del prestamista o del administrador de préstamos.

      Por supuesto, aunque califiques para recibir este período de gracia, no tienes la obligación de usarlo si no lo deseas. Obtienes solo 12 meses de período de gracia cada vez durante un total de 3 años, por lo que es recomendable usarlo solo si realmente lo necesitas. Si ya usaste ese tiempo, no serás elegible para recibir otro período de gracia (incluso si fuera "obligatorio").

      Cómo calificar

      Puedes calificar para recibir este período de gracia en ciertos casos de dificultades económicas. Esto incluye los casos en que los pagos de tus préstamos estudiantiles federales superen el 20% de tus ingresos brutos mensuales. También puedes ser elegible según tu trabajo (p. ej., prácticas médicas y odontológicas, servicio militar o enseñanza). Comunícate con tu administrador de préstamos estudiantiles para obtener más información.

      Lo que necesitarás

      La documentación de tu deuda de préstamo estudiantil federal y tus ingresos.

      Adónde enviar este formulario

      El Departamento de Educación de los Estados Unidos puso en circulación un formulario de solicitud único que es válido para todos los administradores de préstamos estudiantiles federales. Envía esto a tu administrador de préstamos (la empresa que te envía las facturas). Si no sabes quién es, puedes acceder al Sistema Nacional de Información sobre los Préstamos Estudiantiles (NSLDS®) para averiguarlo.

      Descargar Ahora

      Was This Useful?

        Complete Your Salt Courses Profile