What does loan forbearance mean?
Forbearance of Student Loan Payments
Under forbearance, your loan payments are postponed or reduced, but interest continues to accrue during the period of forbearance. If you don't pay the interest during that period, the interest may be "capitalized," which means it is added to your principal balance.
Forbearance of Student Loan Payments
Under forbearance, your loan payments are postponed or reduced, but interest continues to accrue during the period of forbearance. If you don't pay the interest during that period, the interest may be "capitalized," which means it is added to your principal balance.
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