Nelnet economic hardship deferment form 2025

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The document is a request form for Economic Hardship Deferment under the William D. Ford Federal Direct Loan and Federal Family Education Loan Programs. It outlines eligibility criteria, required documentation, and borrower responsibilities for deferring loan repayments due to economic hardship. The form includes sections for borrower identification, deferment requests based on specific conditions, and certifications regarding the accuracy of provided information. It also explains the implications of deferment on interest accrual and repayment obligations.

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Click ‘Get Form’ to open the nelnet economic hardship deferment form in the editor.
In Section 1, enter your personal information including your SSN, name, address, and contact details. If any information has changed, check the appropriate box.
Move to Section 2 to indicate your deferment request. Select one of the eligibility conditions and provide the required documentation as specified.
In Section 3, review and acknowledge your understanding of the terms by checking the boxes that apply. Ensure you sign and date this section.
Follow Section 4 for instructions on completing the form accurately. Make sure to type or print using dark ink and format dates correctly.
Finally, return the completed form along with any necessary documentation to the address provided in Section 7.

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How to get approved for a deferment?

For example, ED may grant a borrower an economic hardship deferment for up to one year at a time and may extend the deferment up to a cumulative maximum of three years. Forbearance allows borrowers to temporarily suspend making monthly payments or to temporarily make smaller payments on their Direct Loan program loans.

How do I defer economic hardship for Nelnet?

Economic Hardship Deferment If you receive public assistance, serve in Americorps or the Peace Corps (including prior periods of service), or make less than the minimum wage or poverty guideline, you may defer payments.

How to prove economic hardship?

If youre enrolled in an eligible college or career school at least half-time, in most cases your loan will be placed into a deferment automatically. You have the option to opt out of an automatic in-school deferment if youd like to continue making payments.

How to get Nelnet loans forgiven?

You may qualify for forgiveness of your remaining Direct Loan balance after making 120 qualifying payments under a qualifying repayment plan while employed full time by a qualifying employer. Learn more about the Public Service Loan Forgiveness (PSLF) Program at StudentAid.gov/publicservice opens in new tab.

How do you qualify for economic hardship deferment?

Eligibility for the Economic Hardship Deferment The borrower is receiving federal or state public assistance, such as Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), Food Stamps/Supplemental Nutrition Assistance Program (SNAP) or state general public assistance.

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What qualifies as economic hardship?

Economic hardship refers to the difficulties faced by individuals or families due to income loss, unemployment, job instability, and economic insecurity.

How many times can I defer student loan payments?

You can re-request a deferment of your student loan every 12 months until you hit your maximum allowed months of deferment. You can ask to have the deferment removed at any time if you want to return to making principal and interest payments.