Merriam-Webster defines forbearance as “a refraining from the enforcement of something that is due.” In finance, forbearance refers to an arrangement in which a lender allows a borrower to pause ...

・Forbearance lets you pause student loan payments temporarily but interest continues to accrue during that time. ・It should only be used for short-term hardship, since repeated or extended forbearance ...

Mortgage forbearance allows you to pause your mortgage payments, usually for up to six months, when you have a financial hardship. When forbearance ends, you may ask for an extension, modify your ...

・Starting July 1, 2027, new federal student loan borrowers will no longer qualify for economic hardship or unemployment deferment. ・Forbearance options will be restricted to a maximum of 9 months ...