What are the requirements to receive student loan deferment?

To receive student loan deferment in Tennessee, borrowers must meet several requirements. First, the loan must be a federal loan such as a Direct Subsidized Loan, Direct Unsubsidized Loan, or a Direct PLUS loan. Secondly, borrowers must have financial hardship or be enrolled in a postsecondary institution at least half time (6 credit hours). Additionally, borrowers must be unable to make payments at the time of the deferment request and must not have any delinquent payments. In order to qualify for a deferment, borrowers must submit a Deferment Request form and provide evidence of their qualifications. For example, borrowers enrolled in college or career school must provide their current school enrollment certificate. Alternatively, borrowers experiencing economic hardship must provide evidence of their job loss or reduction of income. Borrowers must also provide evidence of their U.S. citizenship or permanent resident status, as well as other pertinent documents. It is important to note that there are several additional requirements depending on the type of deferment requested. For instance, Parent PLUS loan borrowers may be eligible for an economic hardship deferment if they can prove that they are unable to secure a loan from any other source and are facing economic hardship. It is important to note that the requirements for deferment vary from state to state, so it is important to contact your lender for more information on the student loan deferment process in Tennessee. Additionally, loan deferments are only available for a set period of time so borrowers should ensure that they are aware of all the requirements before submitting a request.

What are the requirements to receive student loan deferment?

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