How do I qualify for student loan forbearance?

In order to qualify for a student loan forbearance in California, you must first meet certain criteria set forth by the federal government. Generally, a student must prove that they are experiencing a financial hardship or hardship resulting from a medical condition. Financial hardship could include unemployment, underemployment, or an income that is insufficient to pay the loan. In addition, a student may qualify for a forbearance for certain life events such as military service, a natural disaster such as a hurricane or earthquake, or a disability or death in the family. To be eligible for a forbearance, you will usually have to provide documentation of your hardship to your lender. This can include proof of your income, unemployment or under-employment, medical records, or other documents proving the hardship. The lender will evaluate your application to determine whether or not you meet the criteria for a forbearance. If you qualify for a forbearance, you will be able to pause repayment of your student loan for a period of time. During this time, you will not be required to make payments toward your loan, though interest may continue to accrue. The length of the forbearance as well as the specific terms and conditions depends on your individual situation and the policies of your lender.

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How do I qualify for student loan forbearance?

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