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

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How to fill out economic hardship deferment request

01

Gather necessary documents such as income verification, loan information, and expenses documentation.

02

Contact your loan servicer to request an economic hardship deferment form.

03

Fill out the form completely and accurately, including details about your financial situation and reasons for requesting deferment.

04

Submit the completed form along with required documentation to your loan servicer for review.

Who needs economic hardship deferment request?

01

Individuals who are experiencing financial hardship and are unable to make student loan payments may need to request an economic hardship deferment.

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What is economic hardship deferment request?

An economic hardship deferment request is a formal application that allows borrowers to temporarily postpone their student loan payments without incurring penalties, based on financial difficulties.

Who is required to file economic hardship deferment request?

Borrowers who are facing financial difficulties and cannot afford to make their student loan payments are required to file an economic hardship deferment request.

How to fill out economic hardship deferment request?

To fill out an economic hardship deferment request, borrowers must provide personal information, loan details, and evidence of financial hardship, and submit the completed form to their loan servicer.

What is the purpose of economic hardship deferment request?

The purpose of the economic hardship deferment request is to provide financial relief to borrowers by allowing them to postpone their student loan payments during times of economic distress.

What information must be reported on economic hardship deferment request?

Information that must be reported includes personal identification details, loan account numbers, income information, and documentation supporting the claim of economic hardship.

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