How
do I apply?
Click here to view and print an economic
hardship request form. Read the form carefully to make sure you qualify, and
follow the instructions on the form. Mail your completed form to us at:
Student Loan
Counseling Service, Inc.
P.O. Box 1078
Waterloo, IA 50704-1078
To learn more about the ECONOMIC
HARDSHIP DEFERMENT, click here.
If you do
not qualify, please check out any other options on your Results page, or click the button below to return to the questionnaire to
make another selection.
Print Deferment
Form
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|
What are Graduated and Income-Sensitive Repayment Schedules?
They are alternatives to the standard
or “level” repayment schedule in which you make payments at the same amount until your loans are paid in full.
GRADUATED:
You make smaller payments at first; then your payment amount increases.
INCOME-SENSITIVE:
Your payment amount is adjusted every year to reflect your current income.
When are they a good idea?
When you are having difficulty making payments under a standard or “level” repayment schedule, but expect to be able to make
larger payments in the future.
When are they not a good
idea?
When you can afford to make payments under a standard repayment
schedule. A graduated or income-sensitive repayment schedule may increase the finance
charges your pay on your loans.
How do I apply?
Contact your lender or servicer. Click here for a list of servicers and contacts.
To learn more about Graduated and
Income-Sensitive Repayment, click here.
If you think that a graduated or
income-sensitive repayment schedule is not the best option for you, please either check out the other options on this Results
Page, or click the Return to Questionnaire button to make another selection.
