Private Student Loan Forbearance Options from Navient
Private Student Loan Forbearance Options from Navient: A Comprehensive Guide Navigating the world of student loans can be overwhelming, especially when facing financial hardship. For many borrowers with private student loans serviced by Navient, understanding available forbearance options is crucial for managing their debt during challenging times. This article provides a detailed overview of Navient's private student loan forbearance, helping you determine if it's the right solution for your specific circumstances. What is Forbearance? Forbearance is a temporary postponement or reduction of your student loan payments. It's not the same as loan forgiveness; interest continues to accrue, and you are responsible for paying back the principal and accrued interest once the forbearance period ends. Forbearance can be a useful tool when you're experiencing short-term financial difficulties, such as job loss, medical expenses, or other unforeseen circumstances. Navient and Pri...