Payments made while in forbearance and deferment do not count toward student loan forgiveness.Credit: MoMo Productions/Getty Images KEY TAKEAWAYS More than 7 million borrowers on the Saving on a Valuable Education plan will be coming out of almost two years of forbearance. Payments made during forbearance or deferment generally don't count toward student loan forgiveness. Millions of student loan borrowers exiting forbearance need to know that any payments made during the pause don't count toward fo ...