U.S. Department of Education Provides Information on How to Request a Forbearance during this Pandemic

As the Coronavirus pandemic continues, you can become stressed at the thought of not being able to meet your monthly household bills. While colleges and universities campuses are closed, that doesn’t stop your loan servicer from expecting your student loan payments. Federal Student loan borrowers can request temporary relief (interest-free forbearance) from monthly payments.

However, a student loan forbearance won’t happen automatically. If you’re making payments on a federal loan, you’ll need to contact your loan servicer and ask for the option to suspend your payments for the next two months. Typically, qualifying for forbearance requires extensive documentation. But because of the current crisis, the Department of Education has directed loan services to grant all forbearance requests.

Go to the U.S. Department of Education for more information about how to request a forbearance: https://studentaid.gov/announcements-events/coronavirus

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