Experiencing economic hardship?
http://www.studentloanchoices.com/articles/3/1/Experiencing-economic-hardship/Page1.html
By Jack Francis
Published on 11/20/2007
Defer your student loans payments with an Economic Hardship Deferment!
- You have been granted an economic hardship deferment under the William D. Ford Federal Direct Loan Program or the Federal Perkins Loan Program.
- Your monthly loan payment is equal to or larger than 20% of your gross monthly income.
- Length of deferment time = 36 months (must re-apply every 12 months)