Do NOT mail this form. Your request was submitted using our online Electronic Signature process.
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REQUEST FOR FOR
If you’re experiencing temporary financial problems that make repaying your federal education loan(s) a hardship, and you’re ineligible for deferment, we may be able to grant you short-term relief through forbearance. This forbearance request form applies to your Federal Family Education Loan Program (FFELP) and William D. Ford Direct (DL) education loan(s) that is serviced by Sallie Mae – Department of Education Loan Services. This form may also be used if you have any FFELP loans serviced by Sallie Mae. While forbearance allows you to temporarily postpone your contractual monthly loan payments, it’s important to note that you’ll continue to be charged with the interest that accrues. We may capitalize (add to your loan principal) all unpaid interest on a Sallie Mae-owned FFELP loan as often as quarterly and at the end of the forbearance, and on a FFELP Stafford loan disbursed on or after July 1, 2000, at the end of the forbearance. FFELP or DL loans owned by the Department of Education and serviced by Sallie Mae Department of Education Loan Services will capitalize interest at the end of the forbearance. You can avoid interest capitalization by paying the interest as it accrues. If you’re enrolled in automatic debit, your completed forbearance request form must be received at least 15 days prior to your payment due date or the payment withdrawal for that month will occur. Please note the servicer has the right to remove or shorten the forbearance if the agreed-upon terms of your