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BORROWER S OR ENDORSER S SIGNATURE DATE Page 1 of 2 SECTION 4 INSTRUCTIONS FOR COMPLETING THE GENERAL FORBEARANCE REQUEST FORM Type or print using dark ink. That has accrued during the period will be capitalized at the end of the forbearance period. I certify that The information I have provided on this form is true and correct. GENERAL FORBEARANCE REQUEST OMB No. 1845-0031 Form Approved Exp. Date 12/31/2015 William D. Ford Federal Direct Loan Program GFB WARNING Any person who knowingly...
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People Also Ask about
What is a forbearance request?
Forbearance is when your mortgage servicer or lender allows you to pause or reduce your mortgage payments for a limited time while you build back your finances.
What does my forbearance mean?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage.
What does forbearance mean on fafsa?
REPAYING LOANS. During any period that your federal student loans are in forbearance, you don't have to make payments on those loans, and the loans won't go into default.
What does it mean if my loan is in forbearance?
If you're having trouble repaying your loans, you may consider requesting a loan deferment or forbearance: With a loan deferment, you can temporarily stop making payments. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.
What are the two types of forbearance?
There are two main types of forbearance: general and mandatory.
What does forbearance mean on fafsa?
Find out if a forbearance is the best option for your situation. Get Relief With Lower Payments on an Income-Driven Repayment Plan. Be Aware That Interest Might Accrue During a Forbearance. Request a Forbearance.
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