1. Module Number 4 Postponing Payments Miller School of Medicine
Paul S. Garrard
Founder and President, PGPresents, LLC
Independent Student Loan Consulting
September 2017
2017 PGPresents, LLC - All Rights Reserved

2. Options at repayment
Loan servicers notify borrowers days prior to loans coming due
Two options at repayment
Postpone
Deferment or Forbearance
Pay (select a repayment plan)
Time driven
Income driven

3. Postponement options Deferment* Forbearance*
Subsidized loans are interest free to borrower
Must meet eligibility requirements
Graduate Fellowship Deferment
Forbearance*
Interest accrues on all loans
Alignment Forbearance
May be beneficial for undergraduate loans
Mandatory Residency Forbearance**
Good throughout duration of residency
Based solely on residency status
* Borrower considered in “Good Standing”, credit protected ** May be used at any time during residency

4. Comments
May need to postpone if you have other more costly obligations
Don’t postpone due to procrastination
Consider making voluntary payments on worst loan during postponement periods
Voluntary payments don’t count towards PSLF
Must reapply every 12 months
Use AAMC MLOC* to estimate financial impact of forbearance
* AAMC Medloans Organizer and Calculator at

5. PGPresents, LLC Independent Student Loan Consulting www.PGPresents.com
END OF MODULE FOUR
PGPresents, LLC
Independent Student Loan Consulting
2017 PGPresents, LLC - All Rights Reserved