Back to Home Page

CASHLoan Repayment Options

Forbearance and Deferments Options

Depending on your loan type and disbursement date, if you are experiencing hardship, a short-term forbearance or deferment may be available.

Additional eligibility criteria and requirements may apply. To determine if you qualify, please call.

In School Deferment

You may postpone repayment of your loan(s) while you are:

  1. A full-time student attending an approved Department of Education institution. Your enrollment must be certified by the school.

  2. A student attending at least half-time at an approved Department of Education institution. Your enrollment must be certified by the school. (MEDCASH and MEDCASH+ borrowers are not eligible)


Medical Residency Deferment

You may postpone repayment of your loan(s) while you are:

  1. Engaged in a medical residency program which must (a) be a supervised training program, and (b) require that you hold at least a Bachelor’s degree before acceptance into the program.

  2. In addition, your program must either (a) lead to a degree certificate from an institution of higher education, a hospital, or a health facility that offers postgraduate training, or (b) be required before you may be certified for professional practice or service. The program official must certify your enrollment in the program.


Forbearance

If you are temporarily unable to make your regular monthly payment, you may be eligible for a forbearance.


Military Forbearance

You may postpone repayment of your loan(s) while you are:

  1. serving on active duty during a war or other military operation or national emergency, or

  2. performing qualifying National Guard duty during a war or other military operation or national emergency.


You must provide MOHELA with a copy of your military orders or a written statement from your commanding or personnel officer, or you must have your commanding or personnel officer certify your service.