After more than three years of paused payments, federal student loan repayments officially resumed in October 2023 — and for millions of Americans, it hit hard.
Maybe you missed the emails. Maybe your budget can’t stretch any further. Maybe you thought forgiveness was coming. Whatever the reason, you’re not alone — and more importantly, you have options.
One of the most overlooked but powerful tools available to you is forbearance. If you’re struggling to keep up or have already missed payments, here’s how requesting forbearance can help you protect your credit and reset your repayment strategy.
What Is Student Loan Forbearance?
Forbearance is a temporary pause or reduction in your student loan payments. While interest typically continues to accrue, the key benefit is this: it gives you time.
Time to regroup.
Time to avoid delinquency.
Time to protect your credit score while you figure out a better plan.
There are two main types:
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General (Discretionary) Forbearance – Available if you’re facing financial hardship, illness, job loss, or other qualifying challenges. It’s granted at your loan servicer’s discretion.
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Mandatory Forbearance – If you meet specific criteria (like medical or dental internship, National Guard duty, or qualifying income levels), your servicer must approve it.
Why Forbearance Might Be a Smart Move Right Now
Let’s be clear: forbearance is not forgiveness. But when used strategically, it can prevent much worse damage — like loan default or a plummeting credit score.
Here’s how forbearance helps:
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Stops your loan from going further delinquent
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Buys time to explore longer-term solutions (like income-driven repayment or consolidation)
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Keeps your credit report from getting worse, giving you a chance to repair it
For many borrowers right now, it’s the first step toward getting back in good standing.
How to Request Student Loan Forbearance
The process is simpler than you might think. Here’s how to get started:
1. Identify Your Loan Servicer
Go to StudentAid.gov and log in to view your loan details and find out who your servicer is.
2. Reach Out
Contact your servicer directly — either online or by phone — and explain your situation. Be honest. Most financial hardships qualify for general forbearance.
3. Fill Out the Forbearance Request
Most servicers offer an online form. Some may require you to upload or mail a signed request. Make sure to keep a copy for your records.
4. Confirm Your Status
Once your request is approved, your loan status should change to “Forbearance” in your portal. This means future missed payments won’t be reported as delinquent.
Use This Time Wisely
Forbearance is a breathing space — not a long-term fix. Here’s what to do while your loans are paused:
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Check your credit report to understand the impact of past missed payments
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Explore repayment options like Income-Driven Repayment (IDR) or loan consolidation
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Consider applying for the Fresh Start program if your loans are in default
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Talk to a credit or loan advisor for personalized guidance
Need Help Navigating It All?
You’re not expected to figure this out alone.
At Team USA Credit Repair, we specialize in helping clients repair and rebuild their credit — especially after student loan issues. Whether you’re behind, in default, or just unsure what to do next, we’re here to help you take control of your financial future.
You didn’t cause the chaos. But you can take back control.
Let forbearance be the first step.