Find and Compare Private Student Loans works with the nation's leading private loan lenders. When federal aid is not enough to cover the true cost of education, this tool can help you find the right private student loans, with competitive rates, to meet your needs.

Deferment Forberance

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:

  • Enrolled in school half-time or more

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.