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4381 W. Green Oaks Blvd. Suite 200 Arlington, TX 76016 Phone: (877) 7680001 Fax: (817) 7927878 www.hescloans.com Private Education Loan Forbearance Request Form To apply for a forbearance through

How to fill out discretionary forbearance request form

How to fill out discretionary forbearance request form:

1. Obtain the form: You can typically find the discretionary forbearance request form on the website of your loan servicer or by contacting them directly. Request the form if it is not readily available.
2. Read the instructions: Before filling out the form, carefully read the instructions provided. This will help you understand the purpose of the form and the information you need to provide.
3. Personal information: Start by providing your personal details, including your name, contact information, and social security number. Make sure to double-check that all information is accurate and up-to-date.
4. Loan details: Indicate the type of loan you have, such as federal student loan or private loan. Include your loan account number and any other relevant identification numbers.
5. Reason for forbearance: Clearly explain the reason why you are requesting discretionary forbearance. Provide details about your financial situation, such as loss of income, medical expenses, or other circumstances that prevent you from making loan payments.
6. Supporting documentation: Depending on the reason for your forbearance request, you may need to submit supporting documentation. This could include medical records, pay stubs, unemployment documents, or other evidence of financial hardship. Follow the instructions on the form for submitting any required documentation.
7. Signature and date: Sign and date the form to indicate your agreement with the information provided. Make sure to date the form accurately, as this will be used to assess the timing and duration of your forbearance.

Who needs discretionary forbearance request form:

1. Borrowers facing financial hardship: Individuals who are experiencing financial difficulties, such as job loss or unexpected medical expenses, may need to request discretionary forbearance to temporarily suspend their loan payments.
2. Those with eligibility for forbearance: Borrowers who do not qualify for other types of loan deferment or forbearance programs may need to request discretionary forbearance. This form of forbearance allows borrowers to pause or reduce their loan payments for a specific period, providing temporary relief.
3. Individuals with unforeseen circumstances: Discretionary forbearance is available for borrowers facing unexpected events or circumstances that make it difficult to repay their loans. For example, if you are impacted by a natural disaster, you may be eligible for discretionary forbearance.

Note: It's important to consult with your loan servicer or financial aid office to determine if discretionary forbearance is the right option for you and to ensure that you properly complete the forbearance request form.

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What is discretionary forbearance request form?

Discretionary forbearance request form is a document used to request a temporary suspension or reduction of payments on a loan.

Who is required to file discretionary forbearance request form?

Anyone who is unable to make their loan payments due to unforeseen circumstances may be required to file a discretionary forbearance request form.

How to fill out discretionary forbearance request form?

To fill out a discretionary forbearance request form, you will need to provide information about your financial situation and the reason for your request.

What is the purpose of discretionary forbearance request form?

The purpose of the discretionary forbearance request form is to request temporary relief from making loan payments.

What information must be reported on discretionary forbearance request form?

The discretionary forbearance request form typically requires information such as your contact details, loan account information, reason for the request, and supporting documentation.