Sentence examples for forbearance period from inspiring English sources

The repayment schedule will depend on the homeowners' employment status when the forbearance period ends.

But in July, Manning informed Sen. Richard J. Durbin (D-Ill). that the forbearance period was almost up.

They can leave a student with even higher debt because interest continues to accumulate during the forbearance period and is added to the principal.

At least 31,000 applicants were at risk of their forbearance period expiring in the next six months without an extension.

The department said the forbearance period has expired for fewer than 50 applicants, but 31,000 others are at risk in the next six months without an extension.

The borrower does not need to pay the principal during the forbearance period, but interest continues to accrue and must be paid, even on subsidized loans.

"These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them more time to find new employment and resolve their delinquencies," Tracy Mooney, a senior vice president at Freddie Mac, said.

"These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them more time to find new employment and resolve their delinquencies," said Tracy Mooney, a senior vice president at Freddie Mac.

The big difference is that with forbearance the period in which you are not making payments counts toward the total counted in your repayment period.

Many applicants placed their loans in forbearance, a grace period that they can extend while waiting for approval.

Many have placed their loans in forbearance, a grace period they can extend while waiting for approval.