After almost two years into the 13 I got this notice today:
While a Forbearance has been applied to your account you are obligated to repay the loan in accordance with the revised repayment plan. Interest will continue to accrue on the loan for the full term of the forbearance, and you may discontinue the forbearance at any time.
Please do not discard your payment coupons during this payment suspension period. You will only be issued a new coupon book if your coupons expire prior to the suspension end date or your monthly installment amount changes.
Any borrowers enrolled in ACS' automatic withdrawal program will have their payments automatically withdrawn on their next scheduled due date once payment suspension ends.
... How come now? I do make payments every month still!
Thank you
While a Forbearance has been applied to your account you are obligated to repay the loan in accordance with the revised repayment plan. Interest will continue to accrue on the loan for the full term of the forbearance, and you may discontinue the forbearance at any time.
Please do not discard your payment coupons during this payment suspension period. You will only be issued a new coupon book if your coupons expire prior to the suspension end date or your monthly installment amount changes.
Any borrowers enrolled in ACS' automatic withdrawal program will have their payments automatically withdrawn on their next scheduled due date once payment suspension ends.
... How come now? I do make payments every month still!
Thank you
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