If you meet the eligibility criteria for forbearance, it is mandatory for your lender to grant a mandatory forbearance.
You will be granted a mandatory forbearance if you:
- Serve a medical or dental internship or residence
- Owe 20-percent or more of your total monthly gross income for all of your student loan bills each month (call for more info)
- Serve in a national service position having won a national service award
- Are a teacher eligible for teacher loan forgiveness
Other criteria may be available.
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