If I’d no outstanding stability for a FFEL Program loan at the time of the date I obtained a loan on or after July 1, 1993, i might defer payment of my loan(s) during the duration that We meet one of several economic hardship deferment conditions described in the DEFERMENT REQUEST section.
If my financial difficulty deferment eligibility is dependant on condition (1), as described into the DEFERMENT REQUEST area, i need to provide my servicer with documents of this deferment that’s been provided underneath the Direct Loan Program, Federal Family Education Loan Program, or perhaps the Federal Perkins Loan Program (as an example, communication from my servicer showing that i have already been awarded a deferment).
If my financial hardship deferment eligibility is dependent on condition (2), as described when you look at the DEFERMENT REQUEST part, i need to offer my servicer with paperwork confirming that i’m receiving or gotten re re payments under a federal or state public assistance system.
If my economic difficulty deferment eligibility will be based upon condition (3), as described into the DEFERMENT REQUEST part, i have to offer documentation which certifies the beginning to my loan servicer and expected closing dates of my solution within the Peace Corps and which will be finalized and dated by a certified Peace Corps official.
If my financial hardship deferment eligibility is dependant on condition (4), as described within the DEFERMENT REQUEST part, i have to offer documentation of my monthly income to my loan servicer as defined within the DEFINITIONS area. If I am reporting month-to-month earnings from work as well as other sources, i have to offer documents such as for instance pay stubs. I must provide a copy of my most recently filed Federal Income Tax Return if I am reporting one-twelfth of my adjusted gross income. Continue reading