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Economic Hardship Deferment Request Direct Loans  Form

Economic Hardship Deferment Request Direct Loans Form

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hi I'm Steve Richardson have you experienced a financial hardship that has made it impossible for you to make payments on your federal student loans if so there is an option for you and that's called an economic hardship deferment you can apply for that the federal government grants it and then that can keep you from defaulting on your loans and also give you the time you need to consider other options in dealing with the debt you can qualify for an economic hardship deferment if you already have one on another federal student loan or you're receiving some sort of federal or state assistance such as welfare or if you are a full-time low-income worker in other words you're on you're making federal minimum wage or you're making 150 percent of the poverty level for your family size if that's the situation then you may well be able to get into a deferment that will keep you from defaulting on the loans so if you live here in New Jersey and you've experienced an economic hardship that has m

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