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You may opt to pay the interest during the forbearance or may opt to make a payment of all accrued interest at the end of the forbearance. Request for Economic Hardship Deferment/Forbearance Do NOT use this form for Federal Perkins Loans. Based on the information you provide Heartland ECSI will first verify if you qualify for a deferment. During a deferment you are not required to make payments and interest does not accrue during the deferment period. Continue to section 10. If you qualify...

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What is request for economic hardship?

A request for economic hardship is a petition submitted to demonstrate financial difficulties that prevent an individual from meeting their financial obligations.

Who is required to file request for economic hardship?

Individuals who are facing financial challenges and are unable to meet their financial obligations are required to file a request for economic hardship.

How to fill out request for economic hardship?

To fill out a request for economic hardship, individuals must provide detailed information about their financial situation, including income, expenses, debts, and any supporting documentation.

What is the purpose of request for economic hardship?

The purpose of a request for economic hardship is to seek relief or assistance in meeting financial obligations due to unforeseen or unavoidable circumstances.

What information must be reported on request for economic hardship?

Information that must be reported on a request for economic hardship includes income, expenses, debts, assets, and any supporting documentation to demonstrate financial difficulties.

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