To apply for OSLA forbearance, you will need to complete the
OSLA Forbearance Form, sign, and return it to OSLA at the address indicated on the form.
If your account is delinquent and you have determined that you do not qualify for the deferments listed, you may call and request a verbal forbearance to bring your account current or delay the payment for up to three months. A verbal forbearance is a convenient way to make your account current until you can obtain, complete and return your deferment request.
If your account is 60 days or more past due, a delinquency will be reflected on your credit report.
Other Types of Forbearance
In addition to reasons of financial difficulty, a forbearance will be granted for the following circumstances:
- Medical or dental internship or residency
- Payments are being made by the Department of Defense
- Financial difficulty
- Local or national emergency or disaster
- Military mobilization
These are only available for loans made on or after October 1, 1998. See our Teacher Loan Forgiveness page for more information.
If you believe you are eligible to receive an Teacher Loan Forgiveness Deferment or Teacher Loan Forgiveness Forbearance, you will need to:
- Complete the Teacher Loan
Forgiveness
or
Forbearance
Form
- Review the eligibility information included
- Attach any additional documentation required.
For more information about Teacher Loan Forgiveness or Forbearance, please
contact
one of our OSLA Customer Service Experts
We're sorry Holiday Forbearance isnt available at this time.