OLOL College

Are there circumstances when I must be granted a mandatory forbearance?

Are there circumstances when I must be granted a mandatory forbearance?

Yes. There are certain mandatory forbearances. Examples include borrowers who:

  • are in a medical or dental internship or residency;
  • have student loan payments that are 20 percent or more of their monthly income;
  • have payments being made for them by the Department of Defense.

Contact your lender or loan-servicing agent for more information on the mandatory forbearance benefit.