There are different reasons that could qualify you for deferment or forbearance. To learn more about eligibility and an explanation for each reason, look it up here in the resource center. When you postpone or defer payment, interest may continue to accrue on the loan, and this calculator will help to estimate that impact and show postponing a payment vs. other repayment changes. Use the drop down to select a reason; then click the Calculate button. Remember, contacting the servicer is required to make these types of changes.
|Summary||Monthly payment||Payment difference||Pay-off year||Total cost||Cost difference|
|Consolidate your federal loans||$218||$103 less||2038||$51,711||$12,469 more|
|Graduated repayment||$225||$96 less||2033||$41,408||$2,166 more|
|Extended repayment||Extended repayment is only available for borrowers with more than $30,000 in federal loans.|
|Income-based repayment||Income-based repayment is different for everyone: Get your estimate|
|Postponed repayment||See if you're eligible: Get started|
|Make an extra payment ($20/month)||$342||$20 more||2028||$38,559||$683 less|