What is the process for requesting a loan deferment?

The process for requesting a loan deferment with American Education Services typically involves several key steps that borrowers should follow to ensure their request is handled efficiently. First, it is important for borrowers to determine their eligibility for a deferment. Common reasons for requesting deferment may include continuing education, military service, or significant financial hardship. Once eligibility is established, borrowers will need to obtain the necessary forms for the deferment request. These forms can often be found on the official website of American Education Services. It may also be beneficial to have employer information, school enrollment records, or documents related to financial hardship available, as this documentation may need to be submitted along with the request. After completing the deferment request form, borrowers should submit it according to the instructions provided. It is advisable to keep copies of all submitted documents for personal records. Once the request is submitted, borrowers can expect to receive a response from American Education Services regarding the decision on their deferment within a specific timeframe. If approved, borrowers will be informed about the terms of the deferment, including how long it will last and any implications for accrued interest. If the request is denied, it is important for borrowers to understand the reasons for the denial and explore other options for managing their loans. For current forms and detailed instructions, it is a good idea to visit the official American Education Services website.