Know Your Options
Depending on your lender, loan type, and promissory note you may be eligible for deferment, forbearance, or reduced repayment plans. Although these benefits may allow you to pay less than originally scheduled, they also come with consequences.
For some benefit types and/or some lenders, interest may accrue, and may be due at the end of the benefit period or may be capitalized and added to the principal balance of your account. Some benefits have maximum periods and have been designed for short-term relief.
If you are experiencing financial difficulties, please contact us to discuss your unique situation.