NC Assist Loan
Forbearance of Payments

Forbearance is a temporary postponement of payments.

Pros of Forbearance

  • If unable to make payments, you may request 3 consecutive months of forbearance for a maximum of 12 months.

Cons of Forbearance

  • During a forbearance period, interest will continue to accrue and will significantly increase the cost of your loan.
  • Accrued, unpaid interest may be capitalized (added to the principal balance of your loan).
  • Forbearance may increase the scheduled payment amount of your loan or extend the repayment period of your loan.