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ECONOMIC HARDSHIP DEFERMENT REQUEST OMB No. 18450011 Form Approved Exp. Date 9/30/2018William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Education Loan (FEEL) Program / Federal

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How to fill out economic hardship deferment request

01

Step 1: Download an economic hardship deferment request form from the official website of your loan servicer.

02

Step 2: Fill out the personal information section, including your name, address, social security number, and loan account number.

03

Step 3: Provide details about your financial situation, such as your current employment status, monthly income, and expenses.

04

Step 4: Attach any supporting documents required by your loan servicer, such as tax returns, pay stubs, or unemployment benefits statements.

05

Step 5: Review the completed form to ensure all information is accurate and complete.

06

Step 6: Sign and date the form.

07

Step 7: Submit the form to your loan servicer through mail or online submission, following their specific instructions.

08

Step 8: Keep a copy of the filled form for your records.

09

Step 9: Wait for a decision from your loan servicer regarding the approval or denial of the economic hardship deferment.

Who needs economic hardship deferment request?

01

Individuals who are facing financial difficulties and unable to make timely loan payments may need an economic hardship deferment request.

02

This can include individuals who have lost their jobs, experienced a significant reduction in income, or encountered unexpected medical expenses or other financial hardships.

03

Each loan program may have specific eligibility criteria, so it is essential to check with your loan servicer to determine if you qualify for an economic hardship deferment.

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What is economic hardship deferment request?

A request made by individuals who are experiencing financial hardship and are unable to make student loan payments.

Who is required to file economic hardship deferment request?

Individuals who are experiencing economic hardship and are unable to make student loan payments may be required to file an economic hardship deferment request.

How to fill out economic hardship deferment request?

To fill out an economic hardship deferment request, individuals must provide information about their financial situation and demonstrate that they meet the eligibility requirements.

What is the purpose of economic hardship deferment request?

The purpose of an economic hardship deferment request is to temporarily suspend student loan payments for individuals facing financial difficulties.

What information must be reported on economic hardship deferment request?

Information such as income, expenses, assets, liabilities, and any other relevant financial information must be reported on an economic hardship deferment request.

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