In certain circumstances, you may benefit from a deferral or leniency that will allow you to temporarily defer the repayment of the credit or, in case of leniency, temporarily reduce your credit payments. These periods do not count for the length of time you have to repay your credit. They cannot benefit from a deferral or leniency for a loan that is already late. During the deferral period, interest (cumulative) will continue to accrue only for non-subsidized loans. During leniency, interest continues to accrue, regardless of the type of credit. The most common conditions for extending loans are at least half of school enrolment, inability to find full-time employment (up to three years) and economic difficulties (up to three years). Leniency is granted by a lender or credit service provider if you are unable to temporarily complete your repayment plan and if you are not authorized or deferred. The indulgence can be granted simultaneously for periods of up to twelve months and for a maximum of three years. You should contact your lender or credit service provider to request a deferral or leniency. Please note that institutions that enter into an agreement with a prospective student, student or parent regarding Title IV, HEA loans are required to inform the student or parent that the loan is forwarded to the National Student Loan Data System (NSLDS) and to be accessible by security agencies, lenders and institutions designated as authorized users of the data system. In rare cases, your loan may be fully or partially terminated (unloaded).
The termination (discharge) exempts you from any obligation to repay the loan. The discharge concerns the termination of a loan, including a late loan, due to school closure, incorrect certification, your death or Total and a permanent disability. The termination or, sometimes, “forgiveness” of a loan is designated by the borrower who offers certain types of public services, such as. B a special educator or teacher in a low-income school or in a sector classified as a loss-making area (. For example, mathematics, science, foreign language or bilingual training), a prison or prison officer or a nurse or medical technician. You should contact your lender or credit provider to request relief or cancellation.