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ED Economic Hardship Deferment Request 2021-2025 free printable template

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ECONOMIC HARDSHIP DEFERMENT REQUEST OMB No. 18450011 Form Approved Exp. Date 8/31/2021William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Education Loan (FEEL) Program / Federal
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How to fill out economic deferment form

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How to fill out ED Economic Hardship Deferment Request

01
Obtain the ED Economic Hardship Deferment Request form from the U.S. Department of Education's website or your loan servicer.
02
Fill out your personal information including your name, address, and Social Security number.
03
Provide details about your loan(s) including the loan type and account number.
04
Indicate your current financial situation and explain the reasons that qualify you for economic hardship deferment.
05
Gather supporting documentation such as pay stubs or unemployment benefits statements to verify your claim.
06
Sign and date the form to certify that the information provided is accurate and true.
07
Submit the completed form and any supporting documents to your loan servicer.

Who needs ED Economic Hardship Deferment Request?

01
Borrowers facing significant financial hardship that affects their ability to make loan payments.
02
Students who are enrolled in school but require a deferment due to financial difficulties.
03
Individuals who are unemployed or receiving public assistance and cannot afford loan payments.
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The ED Economic Hardship Deferment Request is a form that allows borrowers to temporarily postpone their federal student loan payments due to economic hardship, ensuring they do not default on their loans.
Anyone experiencing financial difficulties that impact their ability to make student loan payments may request an ED Economic Hardship Deferment, provided they meet the eligibility criteria set by the U.S. Department of Education.
To fill out the ED Economic Hardship Deferment Request, complete the form with your personal information, detail your financial situation, and include any required documentation to verify your hardship, then submit it to your loan servicer.
The purpose of the ED Economic Hardship Deferment Request is to assist borrowers who are facing financial challenges by allowing them to defer loan payments temporarily, thus preventing default and minimizing the financial burden during tough times.
The information that must be reported on the ED Economic Hardship Deferment Request includes the borrower's name, address, Social Security number, loan details, financial information demonstrating hardship, and any additional documentation requested by the loan servicer.
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