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To apply for the economic hardship deferment for federal loans, borrowers must submit an Economic Hardship Deferment Request form to their loan servicer. Borrowers must also submit documentation of income such as a copy of a recent pay stub or the borrower's most recently filed federal income tax return.
You are eligible for this deferment if you're enrolled at least half-time at an eligible college or career school. If you're a graduate or professional student who received a Direct PLUS Loan, you qualify for an additional six months of deferment after you cease to be enrolled at least half-time.
A partial financial hardship exists when the payment amount on the borrower's student loans under a Standard (10-Year) Repayment Plan is greater than the amount the borrower would pay on the Income-Based Repayment Plan.
The economic hardship deferment temporarily pauses payments on federal student loans while the borrower is experiencing severe financial difficulty. Some private student loan lenders also offer options for deferments.
In-School Deferment You are eligible for this deferment if you're enrolled at least half-time at an eligible college or career school. If you're a graduate or professional student who received a Direct PLUS Loan, you qualify for an additional six months of deferment after you cease to be enrolled at least half-time.
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To apply for the economic hardship deferment for federal loans, borrowers must submit an Economic Hardship Deferment Request form to their loan servicer. Borrowers must also submit documentation of income such as a copy of a recent pay stub or the borrower's most recently filed federal income tax return.
Generally, time in deferment does not count as time in repayment but under the time-limited PSLF rule changes, deferment periods will count under limited circumstances: Time spent in specific military-related deferments will count as time in repayment.
There are also drawbacks to student loan deferment, particularly if your loans aren't subsidized by the federal government. The interest will continue to accumulate at the regular rate and then get added to the total of the loan.
To be eligible for student loan deferment, you must meet one of the following criteria: You are unemployed or unable to find a full-time job. You are experiencing an economic hardship or are serving in the Peace Corps. You are on active-duty military service.
A loan deferment is a temporary postponement of monthly loan payment(s). For subsidized loans, accrued interest will automatically be paid by the Department of Education if the loan is deferred. Forbearance is a temporary postponement of principal loan payments.

nelnet economic hardship deferment form