William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family
Education Loan (FFEL) Program / Federal Perkins Loan (Perkins Loan) Program
WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on
any accompanying document is subject to penalties that may include fines, imprisonment, or both, under
the U.S. Criminal Code and 20 U.S.C. 1097.
OMB No. 1845-0011
Form Approved
Exp. Date 9/30/2018
Please enter or correct the following information.
Check this box if any of your information has changed.
City State Zip Code
Telephone - Primary
Telephone - Alternate
Email (Optional)
Carefully read the entire form before completing it. Complete Section 2 in its entirety. Maximum cumulative
eligibility is 36 months per loan program. The federal student loan programs include the Direct Loan, FFEL, and Perkins
Loan programs. For FFEL Program borrowers only, you are only eligible if all of your FFEL Program loans were first disbursed
one or after July 1, 1993, or if you had no balance on a FFEL Program loan that was disbursed before July 1, 1993 when you
received a loan on or after July 1, 1993. Instead of deferment, consider a repayment plan that determines your monthly
payment amount based on your income. Visit
for more information.
1. Have you been granted an Economic Hardship
Deferment on a loan made under another federal
student loan program for the same period of time
for which you are applying for this deferment?
For example, check "yes" if you are requesting
deferment on your Direct Loans because you are on
the deferment on your FFEL Program loans.
Yes - Attach documentation of the deferment.
Skip to Section 3.
No - Continue to Item 2.
2. Have you received or are you receiving payments
under a federal or state public assistance program
that supports the period of time for which you are
applying for this deferment?
Qualifying programs include: Temporary
Assistance for Needy Families (TANF), Supplemental
Security Income (SSI), Supplemental Nutrition
Assistance Program (SNAP), state general public
assistance, or other means-tested benefits.
Yes - Attach documentation of the payments.
Skip to Section 3.
No - Continue to Item 3.
3. Are you serving as a Peace Corps volunteer?
No - Continue to Item 4.
Yes - Attach documentation certifying your
period of service. Skip to Section 3.
4. Do you work full time (see Section 5)?
Yes - Continue to Item 5.
No - You are not eligible for this deferment.
What is your monthly income?
You must attach documentation of your monthly
income. Monthly income is either (you choose):
Your gross income from all sources or
One-twelfth of the Adjusted Gross Income from
your most recent federal income tax return.
What is your family size (see section 5)?
7. Is the amount you reported in Item 5 less than 150%
of the poverty guideline for your family size and
state of residence (see Table 2 in Section 5)?
Yes - Continue to Section 3.
No - You are not eligible for this deferment.
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Borrower Name Borrower SSN
I request:
To defer repayment of my loans for the period during which I have an economic hardship, as described in Section 2.
That my deferment begin on:
If indicated, to make interest payments on my loans during my deferment.
I understand that:
I am not required to make payments of loan principal or interest during my deferment.
My deferment will begin on the later of the date I became eligible or the date that I requested.
My deferment will end on the earlier of the date that I exhaust my maximum eligibility, the certified deferment end
date, or when I am no longer eligible for the deferment for another reason.
If I am a Perkins Loan borrower, I will receive a 6-month post-deferment grace period beginning on the date I no
longer qualify for the deferment.
Unless I am a Peace Corps volunteer, my deferment will be granted in increments of 1 year. If I continue to be eligible
for an Economic Hardship Deferment after 1 year, I may reapply, subject to the cumulative maximum.
Interest may capitalize on my loans during or at the expiration of my deferment or forbearance, but interest never
capitalizes on Perkins Loans.
I certify that:
The information I have provided on this form is true and correct.
I will provide additional documentation to my loan holder, as required, to support my deferment eligibility.
I will notify my loan holder immediately when my eligibility for the deferment ends.
I have read, understand, and meet the eligibility requirements in Section 2.
I authorize the entity to which I submit this request and its agents to contact me regarding my request or my loans at any
cellular telephone number that I provide now or in the future using automated telephone dialing equipment or artificial or
prerecorded voice or text messages.
Borrower's Signature
Type or print using dark ink. Enter dates as month-day-year (mm-dd-yyyy). Example: March 14, 2015 = 03-14-2015. Include
your name and account number on any documentation that you are required to submit with this form. If you want to apply
for a deferment on loans that are held by different loan holders, you must submit a separate deferment request to each loan
holder. Return the completed form and any required documentation to the address shown in Section 6.
Capitalization is the addition of unpaid interest to
the principal balance of your loan. Capitalization causes
more interest to accrue over the life of your loan and
may cause your monthly payment amount to increase.
Interest never capitalizes on Perkins Loans. Table 1
(below) provides an example of the monthly payments
and the total amount repaid for a $30,000 unsubsidized
The example loan has a 6% interest rate and the example
deferment or forbearance lasts for 12 months and begins
when the loan entered repayment. The example compares
the effects of paying the interest as it accrues or allowing it to
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A deferment is a period during which you are
entitled to postpone repayment of your loans. Interest is
not generally charged to you during a deferment on
your subsidized loans. Interest is always charged to you
during a deferment on your unsubsidized loans. On
loans made under the Perkins Loan Program, all
deferments are followed by a post-deferment grace
period of 6 months, during which time you are not
required to make payments.
Family size includes (1) you, (2) your spouse, (3)
your children if they receive more than half of their
support from you, including unborn children who will
be born during the deferment period, and (4) other
people if, at the time you request this deferment, they
live with you, receive more than half their support from
you, and will continue to receive this support from you
for the deferment period. Support includes money, gifts,
loans, housing, food, clothes, car, medical and dental
care, and payment of college costs.
The Federal Family Education Loan (FFEL)
Program includes Federal Stafford Loans, Federal PLUS
Loans, Federal Consolidation Loans, and Federal
Supplemental Loans for Students (SLS).
The Federal Perkins Loan (Perkins Loan) Program
includes Federal Perkins Loans, National Direct Student
Loans (NDSL), and National Defense Student Loans
(Defense Loans).
Full-time employment means working at least 30 hours
per week in a position expected to last at least 3 consecutive
The holder of your Direct Loans is the Department. The
holder of your FFEL Program loans may be a lender, guaranty
agency, secondary market, or the Department. The holder of
your Perkins Loans is an institution of higher education or the
Department. Your loan holder may use a servicer to handle
billing and other communications related to your loans.
References to “your loan holder” on this form mean either
your loan holder or your servicer.
A subsidized loan is a Direct Subsidized Loan, a Direct
Subsidized Consolidation Loan, a Federal Subsidized Stafford
Loan, portions of some Federal Consolidation Loans, Federal
Perkins Loans, NDSL, and Defense Loans.
An unsubsidized loan is a Direct Unsubsidized Loan, a
Direct Unsubsidized Consolidation Loan, a Direct PLUS Loan, a
Federal Unsubsidized Stafford Loan, a Federal PLUS Loan, a
Federal SLS, and portions of some Federal Consolidation
The William D. Ford Federal Direct Loan (Direct Loan)
Program includes Federal Direct Stafford/Ford (Direct
Subsidized) Loans, Federal Direct Unsubsidized Stafford/Ford
(Direct Unsubsidized) Loans, Federal Direct PLUS (Direct PLUS)
Loans, and Federal Direct Consolidation (Direct Consolidation)
Table 1. Capitalization Chart
Treatment of Interest with
Loan Amt. Capitalized
Number of
Total Repaid
Interest is paid $30,000 $0 $30,000 $333 120 $41,767
Interest is capitalized at the
$30,000 $1,800 $31,800 $353 120 $42,365
Interest is capitalized
quarterly and at the end
$30,000 $1,841 $31,841 $354 120 $42,420
Table 2. 150% of the Poverty Guidelines for 2016 (Monthly)
Family Size Alaska Hawaii All Others
1 $1,855.00
$1,708.75 $1,485.00
2 $2,502.50
$2,303.75 $2,002.50
3 $3,150.00
$2,898.75 $2,520.00
4 $3,797.50 $3,493.75 $3,037.50
5 $4,445.00 $4,088.75 $3,555.00
6 $5,092.50 $4,683.75 $4,072.50
7 $5,740.00 $5,278.75 $4,591.25
8 $6,390.00 $5,876.25 $5,111.25
Each add'l
person, add
$650.00 $597.50 $520.00
If you do not live in the United States, use the poverty guideline amount in the column labeled "All Others".
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Return the completed form and any documentation to:
(If no address is shown, return to your loan holder.)
If you need help completing this form, call:
(If no phone number is shown, call your loan holder.)
Privacy Act Notice. The Privacy Act of 1974 (5 U.S.C. 552a)
requires that the following notice be provided to you:
The authorities for collecting the requested information
from and about you are §421 et seq., §451 et seq., or §461 of
the Higher Education Act of 1965, as amended (20 U.S.C. 1071
et seq., 20 U.S.C. 1087a et seq., or 20 U.S.C. 1087aa et seq.) and
the authorities for collecting and using your Social Security
Number (SSN) are §§428B(f) and 484(a)(4) of the HEA (20
U.S.C. 1078-2(f) and 1091(a)(4)) and 31 U.S.C. 7701(b).
Participating in the William D. Ford Federal Direct Loan (Direct
Loan) Program, Federal Family Education Loan (FFEL)
Program, or Federal Perkins Loan (Perkins Loan) Program and
giving us your SSN are voluntary, but you must provide the
requested information, including your SSN, to participate.
The principal purposes for collecting the information on
this form, including your SSN, are to verify your identity, to
determine your eligibility to receive a loan or a benefit on a
loan (such as a deferment, forbearance, discharge, or
forgiveness) under the Direct Loan, FFEL, or Federal Perkins
Loan Programs, to permit the servicing of your loans, and, if it
becomes necessary, to locate you and to collect and report on
your loans if your loans become delinquent or default. We also
use your SSN as an account identifier and to permit you to
access your account information electronically.
The information in your file may be disclosed, on a case-
by-case basis or under a computer matching program, to third
parties as authorized under routine uses in the appropriate
systems of records notices. The routine uses of this
information include, but are not limited to, its disclosure to
federal, state, or local agencies, to private parties such as
relatives, present and former employers, business and
personal associates, to consumer reporting agencies, to
financial and educational institutions, and to guaranty
agencies in order to verify your identity, to determine your
eligibility to receive a loan or a benefit on a loan, to permit the
servicing or collection of your loans, to enforce the terms of
the loans, to investigate possible fraud and to verify
compliance with federal student financial aid program
regulations, or to locate you if you become delinquent in your
loan payments or if you default. To provide default rate
calculations, disclosures may be made to guaranty agencies,
to financial and educational institutions, or to state agencies.
To provide financial aid history information, disclosures may
be made to educational institutions.
To assist program administrators with tracking refunds
and cancellations, disclosures may be made to guaranty
agencies, to financial and educational institutions, or to
federal or state agencies. To provide a standardized method
for educational institutions to efficiently submit student
enrollment statuses, disclosures may be made to guaranty
agencies or to financial and educational institutions. To
counsel you in repayment efforts, disclosures may be made
to guaranty agencies, to financial and educational
institutions, or to federal, state, or local agencies.
In the event of litigation, we may send records to the
Department of Justice, a court, adjudicative body, counsel,
party, or witness if the disclosure is relevant and necessary
to the litigation. If this information, either alone or with
other information, indicates a potential violation of law, we
may send it to the appropriate authority for action. We may
send information to members of Congress if you ask them
to help you with federal student aid questions. In
circumstances involving employment complaints,
grievances, or disciplinary actions, we may disclose relevant
records to adjudicate or investigate the issues. If provided
for by a collective bargaining agreement, we may disclose
records to a labor organization recognized under 5 U.S.C.
Chapter 71. Disclosures may be made to our contractors for
the purpose of performing any programmatic function that
requires disclosure of records. Before making any such
disclosure, we will require the contractor to maintain Privacy
Act safeguards. Disclosures may also be made to qualified
researchers under Privacy Act safeguards.
Paperwork Reduction Notice. According to the
Paperwork Reduction Act of 1995, no persons are required
to respond to a collection of information unless such
collection displays a valid OMB control number. The valid
OMB control number for this information collection is
1845-0011. Public reporting burden for this collection of
information is estimated to average 10 minutes per
response, including time for reviewing instructions,
searching existing data sources, gathering and maintaining
the data needed, and completing and reviewing the
collection of information. The obligation to respond to this
collection is required to obtain a benefit in accordance with
34 CFR 674.34, 674.35, 674.36, 674.37, 682.210, or 685.204. If
you have comments or concerns regarding the status of
your individual submission of this form, please contact your
loan holder directly (see Section 6).
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