If you are having provisional issues trying to repay your federal student loans, it is helpful to contact your loan servicer to see if you are eligible for deferment. A deferment allows you to temporarily stop making payments on your federal student loans.  However, if you do not qualify for deferment it is possible that you qualify for forbearance.  Forbearance is another process that can be used to temporarily postpone or reduce student loan payments.


Reasons to apply for deferment or forbearance are enrollment in school, unemployment, military deployment, and economic hardship.  Deferment and forbearance both are ways to temporarily reduce or suspend your regular student loan payments.

There are multiple qualifications you may meet for deferment.  If you are enrolled in an eligible post secondary school at least half of the time, you may qualify for deferment.  Those who are unemployed or are not able to find a full-time job may also qualify for deferment.  It is possible that you qualify for deferment if you are or have served in the military as well.

Forbearance is a good option for those who do not meet the requirements for deferment.  An example of a qualification for forbearance is if you aren’t able to make your scheduled loan payments for reasons such as, financial hardship or illness.  Also, if you are serving in a medical or dental internship or residency program it is possible that you meet the requirement for forbearance.

It is vital that you continue to pay your loans off until you receive notification that you were accepted for forbearance or deferment.  If you do not end up being accepted for forbearance or deferment and stop making your payments, you will become a delinquent and may default on your loans.

If you do not qualify for deferment or forbearance, you may be able to change your repayment plan, which offers a better payment plan for you, with lower payments than you are already paying.  It is important to keep and get in touch with your loan help care provider if you are having trouble paying off your loans.

Student loan forgiveness programs are not a quick fix, but in time they can greatly help you pay off your school debts.  By using them you can pay off the loans you never thought you could otherwise.    Continue to visit and check back for more tips and help on paying off your student loans – Bruce Mesnekoff