What are the requirements to receive student loan deferment?

To receive student loan deferment in California, borrowers must meet certain requirements. Generally, the lender or servicer of the loan must approve the deferment. Additionally, borrowers must meet certain criteria which may include enrollment in school, military service, economic hardship, or disability. In terms of enrollment in school, borrowers must submit proof of enrollment to their lender or servicer, and must maintain that enrollment for the duration of the deferment. For military service, borrowers must provide a copy of their military service orders and separation orders, if applicable. For economic hardship, borrowers must demonstrate that their current income is insufficient to cover their loan payments. Applicant’s must typically provide documentation, such as pay stubs or tax returns, to prove they qualify. For borrowers with a disability, they must provide a copy of the physician’s letter documenting their disability. It is important to note that deferment criteria varies by lender, so it is important to check with the lender or servicer of the loan to verify the requirements. Additionally, not all lenders offer the same deferment programs, so borrowers should make sure to research their options.

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What are the requirements to receive student loan deferment?

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