Economic Hardship Deferments
Qualifying for an Economic Hardship Deferment isn’t all of that hard, and it is the most popular associated with deferment kinds, because it’s relatively simple to prove.
Economic hardship deferments continue for a period of one at a time, and are available for a maximum of three years in total year.
When you can provide supporting paperwork for example associated with after categories, you will automatically qualify for an educatonal loan deferment for financial difficulty:
- Previous Qualification – then simply providing that evidence will qualify you for an economic hardship student loan deferment if you’ve already qualified for an economic hardship deferment under another federal loan program
- Receipt of Federal or State Public Assistance Benefits – If you’re receiving payments under any federal or state public assistance programs, like SSI, TANF, Food Stamps, etc., and you will show it, then you’ll qualify for the financial difficulty deferment
- Peace Corps Volunteers – If you are able to prove that you’re working being a Peace Corps volunteer, you’ll automatically be eligible for an financial difficulty deferment
