Forbearance is a period during which your monthly loan payments are temporarily suspended or reduced. You may be granted a forbearance if you are willing but unable to make loan payments due to certain types of financial hardships.

During forbearance, principal payments are postponed but interest continues to accrue. Unpaid interest that accrues during the forbearance will be added to the principal balance (capitalized) of your loan(s), increasing the total amount you owe.

Federal Student Loans

With federal student loan forbearance, you can temporarily stop making payments or reduce your federal student loans’ monthly payment. Interest will continue to be charged on your subsidized, unsubsidized and PLUS loans.


A mortgage forbearance may be granted by a lender to a delinquent borrower who agrees to a mortgage plan to bring mortgage payments up to date. With a mortgage forbearance, a lender decides not to take legal action against a borrower is late in making a payment.