COVID-19 Updates

Administrative Forbearance from April 15, 2020 through June 30, 2023.

Borrowers who are current with payments must request administrative forbearance.

Borrowers who become or are more than 31 days delinquent or in default will have the administrative forbearance applied automatically.

Administrative Forbearance from April 15, 2020 through January 31, 2021.

Borrowers who are current with payments must request administrative forbearance.

Borrowers who become or are more than 31 days delinquent will have the administrative forbearance applied automatically.

Administrative Forbearance from March 13, 2020 through January 31, 2022.

All Borrowers must request administrative forbearance.

Borrowers who become or are more than 31 days delinquent will have the administrative forbearance applied automatically. Administrative forbearance applies to defaulted loans (please refer to HRSA FAQs).

Economic Hardship Deferment: Defers both principal and interest and has a post-deferment grace period of 6 months.

Unemployment Deferment: Defers both principal and interest and has a post-deferment grace period of 6 months.

Forbearance: Temporarily postpones payments; interest continues to accrue and is due once regular payments resume.

All options listed above are limited to 36 months of eligibility.

Forbearance: If a borrower suffers a drastic change in his or her financial situation which makes it impossible to repay the HPSL according to schedule. Events that can have such an effect on an individual's financial circumstances include prolonged illness, unemployment, or a natural disaster (e.g., flood, fire).

Requires borrower request, documentation, and minimum payment

Loans already in deferment/forbearance stop accruing interest starting March 13, 2020 through September 30, 2021. Any outstanding accrued interest prior to March 13, 2020 is capitalized (please refer to HRSA FAQs).

Borrowers who consolidate will be eligible for the CARES Act relief benefits.

When the borrower consolidates, the statutory rate will be reported and used as part of the weighted average interest rate of the consolidation loan. However once the loan is booked, the TIVA will automatically put the borrower in a forbearance and 0% interest rate until September 30, 2021.

Please note: Borrowers who plan to utilize the Federal Perkins cancellation benefits should not consolidate their loan.

Borrowers who consolidate will be eligible for the CARES Act relief benefits.

When the borrower consolidates, the statutory rate will be reported and used as part of the weighted average interest rate of the consolidation loan. However once the loan is booked, the TIVA will automatically put the borrower in a forbearance and 0% interest rate until January 31, 2022.

UC has discontinued tax offsets through at least June 30, 2023.

UC has discontinued tax offsets through at least July 31, 2022.

UC has discontinued tax offsets through at least July 31, 2022.