ELIGIBILITY CRITERIA FOR ECONOMIC HARDSHIP DEFERMENT:

ELIGIBILITY CRITERIA FOR ECONOMIC HARDSHIP DEFERMENT:

If I had no outstanding stability for a FFEL Program loan at the time of the date We obtained that loan on or after July 1, 1993, i might defer payment of my loan(s) through the duration that We meet among the economic difficulty deferment conditions described in the DEFERMENT REQUEST part.

If my financial difficulty deferment eligibility is dependant on condition (1), as described within the DEFERMENT REQUEST area, i need to offer my servicer with paperwork for the deferment which has been issued underneath the Direct Loan Program, Federal Family Education Loan Program, or the Federal Perkins Loan Program (as an example, correspondence from my servicer showing that i’ve been issued a deferment). (more…)