Get the free Parent PLUS Borrower Deferment Request - Federal Student Aid

PARENT PLUS BORROWER DEFERMENT REQUEST William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Education Loan (FEEL) Program PLUS OMB No. 18450011 Form Approved Exp. Date 8/31/2021WARNING:

How to fill out parent plus borrower deferment

How to fill out parent plus borrower deferment

1. Gather all necessary documents, including your Parent PLUS Borrower Deferment form and any supporting documentation.
2. Read and understand the instructions on the form carefully to ensure you provide accurate information.
3. Fill out the personal information section, including your name, address, phone number, and Social Security Number.
4. Provide all relevant loan information, such as loan account number, loan servicer's name, and loan balance.
5. Indicate the type of deferment you are requesting, such as economic hardship deferment or in-school deferment.
6. Attach any required supporting documentation, such as proof of unemployment or enrollment in an eligible educational program.
7. Review the completed form for accuracy and make any necessary corrections.
8. Sign and date the form.
9. Submit the completed form and supporting documents to the appropriate loan servicer or lender.
10. Follow up with the servicer or lender to ensure they receive and process your deferment request.

Who needs parent plus borrower deferment?

1. Parent Plus Borrower Deferment is needed by parents who have borrowed a Parent PLUS loan and are unable to make payments due to certain circumstances.
2. Common reasons for needing deferment include unemployment, economic hardship, enrollment in an eligible educational program, or active military service.
3. Deferment allows parents to temporarily suspend repayment of their Parent PLUS loan without accruing any interest during the deferment period.
4. It is important to meet the eligibility criteria and provide the required documentation to qualify for deferment.

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What is parent plus borrower deferment?

Parent PLUS borrower deferment is a temporary pause on loan payments for parents who have taken out federal loans to help pay for their child's education.

Who is required to file parent plus borrower deferment?

Parents who have taken out PLUS loans and are facing financial hardship or are currently enrolled in an approved educational program are required to file for deferment.

How to fill out parent plus borrower deferment?

To fill out a Parent PLUS borrower deferment, you need to obtain the deferment request form from your loan servicer, provide required information about your financial situation, and submit the completed form for consideration.

What is the purpose of parent plus borrower deferment?

The purpose of the Parent PLUS borrower deferment is to provide temporary financial relief for parents by allowing them to postpone their loan payments without accruing additional interest during the deferment period.

What information must be reported on parent plus borrower deferment?

The information that must be reported includes your personal details, loan account information, reasons for requesting deferment, and any relevant financial documentation.