Updated Loan Deferment Request Forms Available

The U.S. Department of Education announced that revised loan deferment request forms are approved and available. In Dear Colleague Letter FP-09-06, the Department notes that the new forms reflect changes to deferment guidelines made by the Higher Education Opportunity Act.

The Dear Colleague Letter advises that Federal Family Education Loan Program participants may begin distributing the updated forms immediately.

The following updated forms are available from the Financial Aid Professionals, Education Lenders and Borrowers sections of the USA Funds^® Web site:

• In-School Deferment Request.
• Unemployment Deferment Request.
• Economic Hardship Deferment Request.
• Parent PLUS Borrower Deferment Request.
• Education-Related Deferment Request.
• Public Service Deferment Request.
• Temporary Total Disability Deferment Request.
• Parental Leave/Working Mother Deferment Request.

Beginning Jan. 1, 2010, FFELP participants must provide only the updated forms — which have an expiration date of May 31, 2012 — to borrowers. Program participants may continue to process previous versions of the forms after Jan. 1, however.

You will need Adobe Reader to access the forms from the USA Funds Web site.