Time Frame for a Forbearance on a Student Loan

Forbearance on a student loan provide you a period of relief when the lender will not enforce the debt. This does not mean interest will not accrue or payments will not be due. However, the lender will simply allow you to work to bring your loan current without taking any action against you. Forbearance is only offered in unique circumstances and for a short period of time.

Circumstances for Forbearance

  • You must have made a good faith effort to repay your loans on time in the past

  • A present emergency must be preventing you from making loan payments for an indefinite period of time

  • There must be reason to believe you will be able to continue repaying the loan once the situation has been resolved

Time Frame for Forbearance

Pressing emergencies are most commonly illnesses or job losses. As such, there is no telling exactly when you will be able to start paying again. However, the lender can be fairly certain the circumstances will not persist forever. A court will determine a reasonable amount of time for you to overcome the issue, usually between 3 and 6 months. Forbearance is typically handled in a court of law because it is an option of last resort before default. The borrower and lender have typically exhausted less severe options.