If you have been granted an unemployment deferment for one type of loan, you should show proof of the deferment to your other loan holders. Forms listed to your right are many of the most requested loan forms provided in pdf format. Locate all of the forms needed in order to file a deferment or forbearance request. You can download the official forms in english or spanish. To apply for a deferment or forbearance, the borrower must send the correct form to the loan s servicer. We also use your ssn as an account identifier and to. A deferment is a way to postpone paying back your student loans for a certain period of time. For example, you may have both ffel guaranteed loans and direct loans. Ford federal direct loan direct loan program federal family.
Carefully read the entire form before completing it. Learn about postponing your payments with a deferment or forbearance. That my loan holder place me on the plan i selected in section 2 to repay my eligible direct loan or ffel program loans held by the holder to which i submit this form. If you have a direct subsidized loan or a subsidized portion of a direct consolidation loan that has not lost subsidy, interest does not accrue during any approved period of deferment for these loans. A deferment is a period during which you are entitled to postpone repayment of your loans. Check out this resource for the current federal student loan deferment and forbearance forms. The united states, for the purpose of this deferment, includes any state of the union, the district of columbia, the. The forms available on this page are provided in pdf format, require adobe.
The example compares the effects of paying the interest as it accrues or allowing it to capitalize. Get help if youre struggling with student loan payments. This is also the case for federal subsidized stafford loans and a subsidized portion of a federal consolidation loan. If you are a direct loan borrower who had a balance on a ffelp loan that was made before july 1, 1993 at the time you received your. You should make sure that the previous deferment is for the same time period.
Unemployment deferment request federal student aid. They can bring your loan current if youve missed any paymentsbut t. If i do not qualify for the plan or plans i requested, or did not make a selection in item 2, that my loan holder place me on the plan with the lowest monthly payment amount. Unemployment deferment student loan borrowers assistance. Pdf, so you will need the free adobe acrobat reader loaded on your system to view.
Unemployed, or working less than 30 hours a week and looking for fulltime work. Borrower documents eligibility for or receipt of unemployment benefits, or. Forms upload documents repayment plans consolidation. Deferment forms and forbearance forms download edvisors. Click on the form name below to download or openprint. Deferments and forbearances allow you to postpone your federal student loan payments. Return the completed form and any required documentation to the address shown in section 6. To apply for a deferment on a vsac loan, download the application that matches your. You will see form options based on loan type ffelp loans or direct loans. The most common deferment and forbearance forms can be found below. Deferments and forbearances are temporary suspensions of the obligation to repay federal student loans. That my deferment begin on the date i became unemployed or began working less. All forms reflecting an expired date will be accepted.