Mike Davies
January 2017

Mandatory Forbearance

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.

Options are available to help

Most people do not realize that there are programs designed to help those who may be struggling with their student loan payments. Thousands of borrowers have trusted Ameritech Financial to be their advocate. Click here to find out what options are available. Our services could help you get back on track.

Get Started Learn More

Get our Newsletter

Stay updated with the latest in the student loan industry, government programs, and ways you could save money with Ameritech Financial.

Mike Davies

Disqus Comments Loading...