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MANDATORY FORBEARANCE REQUEST STUDENT LOAN DEBT BURDEN William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Education Loan (FEEL) Program / Federal Perkins Loan (Perkins Loan)
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How to fill out mandatory forbearance request
How to fill out mandatory forbearance request
01
Gather all necessary information and documents required for the forbearance request.
02
Visit the website of your loan servicer or contact them directly.
03
Locate the mandatory forbearance request form or download it from the website.
04
Carefully read the instructions provided with the form.
05
Fill out the form accurately, providing all the requested information.
06
Attach any supporting documents as required.
07
Review the completed form and double-check for any errors or missing information.
08
Submit the filled-out form to your loan servicer.
09
Keep a copy of the submitted form and any related documents for your records.
10
Follow up with your loan servicer to confirm receipt and processing of your forbearance request.
Who needs mandatory forbearance request?
01
Individuals who are facing financial hardships and are unable to make their loan payments.
02
Students who are enrolled in school at least half-time.
03
Borrowers who meet the eligibility criteria for mandatory forbearance as outlined by the loan program or servicer.
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What is mandatory forbearance request?
Mandatory forbearance request is a request made to temporarily stop making payments on a student loan under certain circumstances.
Who is required to file mandatory forbearance request?
Borrowers who meet the eligibility criteria set by the loan servicer are required to file a mandatory forbearance request.
How to fill out mandatory forbearance request?
To fill out the mandatory forbearance request, borrowers need to contact their loan servicer and provide the necessary documentation to support their request for forbearance.
What is the purpose of mandatory forbearance request?
The purpose of a mandatory forbearance request is to provide temporary relief from making student loan payments in situations where the borrower is unable to make payments due to specific circumstances.
What information must be reported on mandatory forbearance request?
Borrowers must report their personal information, details of their loan account, the reason for requesting forbearance, and any supporting documentation required by the loan servicer on the mandatory forbearance request.
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