Q: I can't make my scheduled payments. What are my options?

Q: What is a graduated repayment plan?

Q: What is an income-sensitive repayment plan?

Q: What is a deferment, and how do I get one?

Q: What is a forbearance, and how do I get one?
A: Forbearance is a period of time during which a lender permits a borrower to temporarily cease making payments, to make reduced payments, or to delay payments. Forbearances are usually granted at the discretion of the lender. The borrower is responsible for the interest that accrues; and, if unpaid, the interest may be capitalized. Forbearances are often used to bring delinquent loans current in situations where there is a legitimate financial hardship, but the borrower doesn't qualify for a deferment.

Q: What happens to the interest on my loan while I am in deferment?

Q: What happens to the interest on my loan while I am in forbearance?