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GRADUATE FELLOWSHIP DEFERMENT REQUEST William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Education Loan (FEEL) Program / Federal Perkins Loan (Perkins Loan) ProgramGFLOMB No.
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How to fill out economic hardship deferment request

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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
Read the instructions carefully to understand the eligibility requirements and supporting documentation needed for the deferment request.
03
Complete the personal information section of the form, including your name, contact information, and loan details.
04
Provide documentation to demonstrate your economic hardship, such as recent pay stubs, unemployment benefits, or proof of low income.
05
Explain your financial situation in detail, including any significant expenses, debts, or unexpected circumstances that have led to your economic hardship.
06
Sign and date the form.
07
Make a copy of the completed form and any supporting documents for your records.
08
Submit the deferment request to your loan servicer by mail or through their online portal.
09
Follow up with your loan servicer to ensure they have received your request and to inquire about the status of your deferment.

Who needs economic hardship deferment request?

01
Anyone who is facing financial difficulties and unable to make their student loan payments may need an economic hardship deferment request. This can include individuals who are unemployed, have a low income, or are experiencing financial hardship due to unexpected circumstances such as illness or disability. It is important to review the eligibility criteria provided by your loan servicer to determine if you qualify for this deferment option.
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Economic hardship deferment request is a request to temporarily postpone student loan payments due to financial difficulties.
Borrowers who are facing financial hardship and are unable to make their student loan payments may be required to file an economic hardship deferment request.
To fill out an economic hardship deferment request, borrowers typically need to provide financial information, such as income, expenses, and any other relevant documentation.
The purpose of an economic hardship deferment request is to help borrowers who are experiencing financial difficulties to temporarily stop making student loan payments.
Information such as income, expenses, employment status, and any other financial details may need to be reported on an economic hardship deferment request.
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