Postponing payments
During difficult economic times, you may experience financial difficulties, lost wages, unemployment, etc. Fortunately, many student loans have provisions to offer relief during these times. Talk to your lender about your options for deferment or forbearance. You can download deferment forms here or submit them electronically through your lender’s website.
School Deferment – unlimited for at least half-time enrollment at an eligible institution
Economic Hardship – up to 3 years during periods of low wages
Unemployment Deferment – up to 3 years during periods of unemployment
Forbearance – if you don’t qualify for a deferment, ask your lender about forbearance
Mail these forms directly to your lender. If you need help finding an address, please contact us.
Student Loan Office (509) 527-2333