Get the free Economic Hardship Deferment Request - IFAP - ifap ed
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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
How to fill out economic hardship deferment request
01
Obtain the economic hardship deferment request form from your loan servicer or download it from their website.
02
Fill out your personal information section, providing details such as your name, address, and contact information.
03
Provide information about your loan, including the account number and type of loan.
04
Document your economic hardship by explaining your current financial situation in detail.
05
Attach any necessary supporting documents, such as pay stubs, tax returns, or unemployment verification.
06
Review your completed form to ensure all sections are filled out accurately and completely.
07
Sign and date the form.
08
Send the completed economic hardship deferment request form to your loan servicer via mail or submit it electronically as instructed.
Who needs economic hardship deferment request?
01
Individuals who are experiencing financial difficulties and are unable to make their student loan payments may need to submit an economic hardship deferment request.
02
This may include individuals who are unemployed, earning a low income, facing unexpected medical expenses, or experiencing other financial hardships.
03
It is important to contact your loan servicer to determine your eligibility for an economic hardship deferment and to understand the specific requirements and documentation needed for the request.
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What is economic hardship deferment request?
The economic hardship deferment request is a form that allows borrowers to temporarily postpone their student loan payments due to financial difficulties.
Who is required to file economic hardship deferment request?
Borrowers who are experiencing financial hardship and are unable to make their student loan payments are required to file an economic hardship deferment request.
How to fill out economic hardship deferment request?
To fill out an economic hardship deferment request, borrowers need to provide information about their financial situation and demonstrate that they are experiencing economic hardship.
What is the purpose of economic hardship deferment request?
The purpose of an economic hardship deferment request is to provide financial relief to borrowers who are facing difficulties making their student loan payments.
What information must be reported on economic hardship deferment request?
Borrowers must report their income, expenses, and any other financial obligations on the economic hardship deferment request.
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