Get the free Parent plus borrower deferment request fillable form

PARENT PLUS BORROWER DEFERMENT REQUEST William D. Ford Federal Direct Loan Direct Loan Program/Federal Family Education Loan FFEL Program PLUS Direct Loan Program borrowers Use this form only if you are a parent borrower with a Direct PLUS Loan that was first disbursed on or after July 1 2008 or had an outstanding balance on a FFEL Program loan that was first disbursed before July 1 1993 when you obtained your first Direct Loan. FFEL Program borr...

How to fill out parent plus borrower deferment

How to fill out parent plus borrower deferment:

1. Obtain the necessary deferment form from your loan servicer or download it from their website.
2. Read and understand the instructions provided on the form to ensure accurate completion.
3. Fill out the required personal information section, including your name, address, and contact information.
4. Provide details about your parent plus loan, such as the loan account number and the loan servicer's information.
5. Indicate the reason for requesting the deferment by checking the appropriate box or providing any additional required documentation.
6. If applicable, complete the income information section, providing details about your financial situation, employment status, and any relevant supporting documents.
7. Review all the information provided and ensure its accuracy before signing and dating the form.
8. Submit the completed deferment form to your loan servicer by mail or through their online portal, following the instructions provided.
9. Keep a copy of the completed form for your records and retain any necessary supporting documentation.

Who needs parent plus borrower deferment:

1. Parents who have borrowed a Parent PLUS Loan to help finance their child's education.
2. Borrowers who are experiencing financial hardship and are unable to make loan payments temporarily.
3. Individuals who are enrolled in school at least half-time or in an approved graduate fellowship or rehabilitation training program.

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What is parent plus borrower deferment?

Parent Plus Borrower Deferment is a type of deferment that allows parents who have taken out a Parent PLUS loan to temporarily postpone making loan payments. During the deferment period, the parent borrower does not have to make loan payments, and interest does not accrue on the loan.

Who is required to file parent plus borrower deferment?

Parents who have taken out a Parent PLUS loan are required to file for Parent Plus Borrower Deferment if they want to temporarily postpone making loan payments.

How to fill out parent plus borrower deferment?

To fill out a Parent Plus Borrower Deferment form, you need to provide information about your loan, your financial situation, and your reason for requesting the deferment. The form can be obtained from your loan servicer or downloaded from their website. Once you have completed the form, you should submit it to your loan servicer for processing.

What is the purpose of parent plus borrower deferment?

The purpose of Parent Plus Borrower Deferment is to provide temporary financial relief for parent borrowers who are experiencing financial hardship. It allows them to pause their loan payments for a certain period of time without incurring penalties or accumulating interest.

What information must be reported on parent plus borrower deferment?

When filling out a Parent Plus Borrower Deferment form, you will be required to report information such as your name, loan account number, income and employment details, as well as any supporting documentation that is requested by your loan servicer.