Faq’s – FFEL Deferments, Forbearance, Forgiveness

Faq’s – FFEL Deferments, Forbearance, Forgiveness

Certainly not. A lender/loan holder must grant forbearance during each of a borrower’s five years of qualifying teaching service if the lender believes that the forgiveness amount will pay the borrower’s entire loan balance at the request of a borrower. A borrower may be eligible to receive up to $17,500 as a special education teacher.

Any interest that accrues throughout the forbearance duration may be capitalized.

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