Unemployment Deferment Request

Unemployment Deferment Request is a 4-page legal document that was released by the U.S. Department of Education and used nation-wide.

FAQ

Q: What is an unemployment deferment request?
A: An unemployment deferment request is a request to temporarily postpone your student loan payments due to unemployment.

Q: How long can I defer my student loan payments with an unemployment deferment?
A: You can defer your student loan payments for up to 36 months with an unemployment deferment.

Q: Who is eligible for an unemployment deferment?
A: To be eligible for an unemployment deferment, you must be actively seeking but unable to find full-time employment.

Q: What documentation do I need for an unemployment deferment request?
A: You will need to provide documentation such as proof of unemployment benefits or documentation from a state workforce agency.

Q: How do I apply for an unemployment deferment?
A: You can apply for an unemployment deferment by contacting your student loan servicer and submitting the necessary documentation.

Q: Will interest accrue on my student loans during an unemployment deferment?
A: Yes, interest will continue to accrue on your student loans during an unemployment deferment, unless you have subsidized loans.

Q: What happens after my unemployment deferment ends?
A: After your unemployment deferment ends, you will need to resume making your regular student loan payments.

Q: Can I apply for an unemployment deferment multiple times?
A: Yes, you can apply for an unemployment deferment multiple times, as long as you continue to meet the eligibility requirements.