How can I apply for deferment or forbearance?

To apply for deferment or forbearance on federal student loans, a borrower typically starts by determining their eligibility for either option, as both provide temporary relief from making loan payments. Deferment is often available in specific situations, such as during periods of enrollment in school, economic hardship, or military service. Forbearance may be granted when a borrower faces temporary financial difficulties or other circumstances that impact their ability to pay. Once a borrower has identified the type of relief they need, they will usually need to complete the appropriate application form. This can typically be found on the official website of the National Student Loan Service Center or the Federal Student Aid portal. It is important for borrowers to provide any required documentation to support their request, as this helps in verifying eligibility. After submitting the application, the borrower should receive a notification from the loan servicer regarding the approval or denial of their request. It is crucial to continue making payments while waiting for a decision, as failing to do so could result in negative consequences such as late fees or credit damage. Borrowers are encouraged to keep records of all communications and submitted documents for their own reference. For the most accurate and current information regarding applications, borrowers may wish to visit the official website of the National Student Loan Service Center.