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ECONOMIC HARDSHIP DEFERMENT REQUESTHRD0MB No. 18450011 Form Approved William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family Exp. Date 9/30/2024 Education Loan (FFEL) Program /

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How to fill out economic hardship deferment request

01

Obtain the economic hardship deferment request form from your loan servicer.

02

Fill out your personal information including name, address, and loan account number.

03

Provide information about your income and expenses to support your claim of economic hardship.

04

Attach any required documents such as pay stubs, tax returns, or proof of unemployment.

05

Sign and date the form before submitting it to your loan servicer for review.

Who needs economic hardship deferment request?

01

Individuals who are facing financial difficulties and are unable to make their 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 made by borrowers to temporarily postpone loan payments due to financial difficulties.

Who is required to file economic hardship deferment request?

Borrowers who are experiencing financial difficulties that prevent them from making their 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 need to complete the required form, provide necessary documentation proving their financial situation, and submit it to their loan servicer.

What is the purpose of economic hardship deferment request?

The purpose of the economic hardship deferment request is to allow borrowers facing financial challenges to temporarily postpone their loan payments without incurring penalties.

What information must be reported on economic hardship deferment request?

Borrowers must report information such as their income, expenses, employment status, and any other financial obligations when filing an economic hardship deferment request.

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