Notice to Current CLC Customers: Click here to get information on your servicer and common questions.
A private loan deferment or forbearance is a temporary break from making payments on your loan, often used if the student returns to school at least half time or during periods of financial hardship when the student is willing but unable to pay.
You must meet certain conditions in order to receive a private loan deferment. Examples of qualifying deferment conditions include:
A private loan forbearance is granted at the lender’s discretion, usually based on financial hardship. Not all lenders offer deferments or forbearances so make sure you check carefully.