SKIP TO SITE NAVIGATION  |  SWITCH TO GRAPHICAL VERSION

Delay Repayment of a Federal PLUS Loan for Parents

There are reasons why you may not be able to meet the obligations of your Parent PLUS Loan. The good news is you don’t have to default on your Parent PLUS Loan or possibly hurt your credit.

Delay Payments with a Deferment

If you wish to delay payment on your Parent PLUS Loan, you may be eligible for a deferment. If you qualify, your loan repayment schedule may be temporarily postponed.

For example, you may be eligible for a deferment if you:

• Are attending school at least half time,
• Are unemployed,
• Are studying in an approved graduate fellowship or rehabilitation program, or
• Are experiencing economic hardship

Get a breather from payments for up to four years.

Our Parent PLUS Loan forbearance option allows you to forgo making monthly payments for up to four years. You must apply for forbearance annually and you will be responsible for interest that accrues during forbearance.

Here are some other important facts about forbearance:

• Forbearance must be applied for each year. 
• You must continue to make all necessary loan payments until notified by your loan servicer that forbearance has been approved.
• The forbearance period is excluded from the period of repayment. So, if your repayment period is 10 years, the 10-year period will not begin until you are making loan payments.

Let Us Help

If you need to postpone your payments¹, please notify our Customer Service Department at (877) 689-0763, or call your loan servicer for more information.

Download a Deferment or Forbearance Form

Email this article

Apply Now
All Application Forms

Personal Finance Customer Service

Navigation

Personal Finance Section Navigation

• Online Services
• Lending
  • Mortgage
  • Home Equity Loans and Lines
  • Education Loans
    • Five Steps to Financial Aid
    • Undergraduate Students
    • Parents
    • Graduate Students
    • Medical and Health Profession Students
    • Law Students
    • Postpone Repayment
      • Delay Repayment of a Federal PLUS Loan for Parents (current)
      • Delay Repayment of a Federal Stafford Loan
      • Delay Repayment of a Federal PLUS Loan for Graduate Students
      • Delay Repayment of a Private Student Loan
      • Deferment and Forbearance Forms
    • Ways to Save on Your Loans
    • Just for You
    • Resources
  • Secured Personal Loans
  • Credit Cards
  • Vehicle Loans
• Retirement Planning
• Banking
• Investing
• Insurance
• Planning Guides
• Personal Finance Customer Service

Main Sections of the Site

• Personal Finance (current)
• Small Business
• Corporate & Institutional
• Wealth Management
• About Wachovia
• Customer Service

Search

• Search