Skip to Content

Deferment, Forbearance and Student Loan Forgiveness

Having a tough time with student loan debt? You might be able to temporarily delay repayment on your Federal student loans with deferment or forbearance.

Deferment pauses repayment of the loan principal and the government may actually pay for the interest, while forbearance only pauses repayment of the principal.

Here are a few ways to qualify for deferment or forbearance:

  • Unemployment
  • If you are facing a major economic hardship
  • Or suffer from a significant illness 

A deferment or forbearance can also be granted to those with an upcoming service or learning opportunity, such as:

  • Participating in National Service
  • Attending a medical residency
  • Active Duty Military Service
  • Or if you are enrolled in college or career school

Borrowers in this category should also be aware of the Public Service Student Loan Forgiveness program. This repayment program forgives Federal student loan debt after 120 consecutive, on-time payments, for borrowers working full-time for qualified public service employers.

Both deferment and forbearance will require some sort of application process with your lender. Student loan consolidation might be another option if you do not qualify for deferment or forbearance and need help with repayment.

If you are struggling with student loan debt repayment options, ACCC can help sort out the confusion.

Visit to learn more student loan repayment options.





American Consumer Credit Counseling (ACCC) is a non profit consumer credit counseling agency that provides free credit counseling and low-cost debt management services. As an alternative to a credit repair counseling and credit card debt consolidation company, our debt counselors provide debt management credit counseling to help individuals and families find the credit card debt help they need to get out of debt for good. The highly trained and certified counselors at our credit counseling center can provide information about the pros and cons of online debt consolidation and other debt consolidation services, as well as information about how to consolidate debt with bad credit.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member