Forbearance is an option available to students who may not be eligible for a deferment. If you are financially unable to make your student loan payments, you may be eligible for temporary payment suspension.  Forbearance will not eliminate any prior derogatory credit history.

If you choose to place your loan or loans in forbearance, interest will accrue, and at the end of your forbearance, it will capitalize.  Forbearing payments for a significant amount of time could substantially increase your loan balances.  While this may increase your total repayment obligation, it is generally better then dealing with the potential consequences of delinquency and default.

Payments are not required during periods of forbearance. However, ACPE strongly encourages borrowers to pay the monthly interest accrual to avoid increasing the total amount owed.

Qualifying for Forbearance

The following circumstances may qualify a loan for forbearance:

  • participation in an Internship/ Residency program
  • participation in a national service position 
  • eligibility for loan forgiveness/student loan repayment programs 
  • less than half-time school enrollment
  • poor health
  • unemployment
  • reduction in work hours
  • life-changing circumstances
For more information on forbearance or to see if you qualify, contact customer service.