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FORBEARANCE APPLICATION CHECKLIST Please carefully read and complete the enclosed forbearance application. Before you consider a forbearance, be sure you have exhausted all other possible options,
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How to fill out mandatory forbearance request
How to fill out mandatory forbearance request
01
Contact your loan servicer to obtain the mandatory forbearance request form.
02
Fill out the required information on the form, including your personal details and reason for requesting forbearance.
03
Gather any necessary documentation to support your request, such as proof of income or medical bills.
04
Submit the completed form and supporting documents to your loan servicer for review.
05
Keep track of communication with your loan servicer and follow up if needed to ensure timely processing of your forbearance request.
Who needs mandatory forbearance request?
01
Individuals who are facing financial hardship and are unable to make their student loan payments
02
Borrowers who are serving in AmeriCorps and Peace Corps programs
03
Military personnel who are eligible for the Military Service Deferment or Post-Active Duty Deferment
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What is mandatory forbearance request?
A mandatory forbearance request is a request made to temporarily postpone or reduce student loan payments under specific circumstances.
Who is required to file mandatory forbearance request?
Borrowers who meet the eligibility criteria for mandatory forbearance are required to file the request.
How to fill out mandatory forbearance request?
Borrowers can fill out the mandatory forbearance request form provided by their loan servicer and submit it along with any required documentation.
What is the purpose of mandatory forbearance request?
The purpose of mandatory forbearance request is to provide temporary relief for borrowers facing financial hardship or other qualifying situations.
What information must be reported on mandatory forbearance request?
Borrowers must report personal information, details of their financial situation, and the reason for requesting mandatory forbearance.
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