Hi there! It's Erica, you know, from the past? Anyways, I have a student loan question. I made my first payment out of forbearance this month. The forbearance lasted for 12 months total. I need another one because I'm trying to find a new job so I can afford the $180/month payment. How often can you be granted a forbearance, and if I can get another one, can I request another 12 month period? THanks in Advance
Yes you can. All you have to do is write them requesting additional time. They will start it from the last month paid for another year. 3 times is the max they will allow however!
Great! HI ERICA!!! Yeah, I do mine online and it's approved easily..I can get up to 5 years.. Glad it worked out for you!
I have found the student loan people to be more than gracious about helping you with forbearance and deferment, which is quite a relief. I also just enrolled, part-time at an online school, and took advantage of deferment P.S. Here is something I learned today: Companies that consolidate student loans also will adhere to deferment and forbearance requests, using Federal Aid Guidelines, as this is something I never even knew about.
