If I accept a job before the end date of my approved forbearance, do my loan payments get reinstated and become due immediately?
No. Becoming employed would not revoke the approved hardship program benefit during the hardship program period. Members can choose to resume payments if they’d like by submitting a request in writing, or if you have a SoFi Student Loan Refinance and/or in-school product, serviced by MOHELA, you may submit a verbal request by calling 877-292-7470. However, Members can wait until the hardship program period officially ends to begin making payments.
Note that interest will continue to accrue and may be capitalized onto the loan’s principal balance during your hardship program period to the extent permitted by applicable law. Please read the How will my loan payments be affected after Unemployment Protection ends? section for more information.