What happens with a Mandatory Forbearance?
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Do you meet the requirements for a mandatory forbearance?
Yes, I am eligible for a mandatory forbearance.
In a mandatory forbearance, your loan servicer is required to grant the forbearance.
What types of loans are eligible for mandatory forbearance?
eligility would only apply to Direct Loans and FFEL Program loans.
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Is there any relief of student loans payment because of COVID-19?
Yes, federal student loan borrowers are automatically being placed in an administrative forbearance to temporarily stop making loan payments from March 13, 2020 to Sept. 30 2020.
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Am I able to get a mandatory forbearance if I am in Medical or Dental Internship or Residency?
Yes, if you are serving in a medical or dental internship or residency program and meet other requirements.
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What is the time frame of a mandatory forbearance?
Usually 12 months at a time is a mandatory forbearance.
