Borrowers may submit a loan forgiveness application any time before the maturity date of loan, which is either two or five years from the loan’s origination date, depending on the borrower’s agreement. Additionally, loan payments are deferred only until 10 months after the last day of each borrower’s loan forgiveness covered period. We would recommend submitting your loan forgiveness application before the 10 month loan deferral period ends to avoid unnecessary payments.

October 28, 2020 2:50 pm