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  • Parent Plus Student Enrollment Deferment Form - Great Lakes

Get Parent Plus Student Enrollment Deferment Form - Great Lakes

PARENT PLUS BORROWER DEFERMENT REQUEST OMB No. 18450011 Form Approved Exp. Date 7/31/2015 William D. Ford Federal Direct Loan (Direct Loan) Program/Federal Family Education Loan (FFEL) Program PLUS.

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Request a Deferment Most deferments are not automatic you need to submit a request to your student loan servicer, often on a form. Also, for most deferments, you must provide your student loan servicer with documentation to show that you meet the eligibility requirements for the deferment.

If a parent borrower is delinquent in repaying the Parent PLUS loan or defaults on the Parent PLUS loan, it affects only the parent's credit history. The student's credit history is not affected.

Federal parent PLUS loans can never be transferred to the student. If you borrow a parent loan for your child's education, you're the only one legally responsible to repay the debt. ... Refinance the parent PLUS loan into a private loan in your child's name once they can meet the qualifications.

To defer student loans, you must meet specific eligibility criteria and have deferment time available. You can defer federal student loans only for so long in most cases, the maximum is three years total.

There are two main ways to get parent PLUS loan forgiveness: through the Public Service Loan Forgiveness program and through the Income-Contingent Repayment plan. Public Service Loan Forgiveness involves a lot of red tape but is the better option if you qualify.

Note: Parent borrowers can become eligible for an additional repayment plan the Income-Contingent Repayment Plan by consolidating their parent PLUS loans into a Direct Consolidation Loan.

Request a Deferment Most deferments are not automatic you need to submit a request to your student loan servicer, often on a form. Also, for most deferments, you must provide your student loan servicer with documentation to show that you meet the eligibility requirements for the deferment.

Log in to your account and click Postpone My Payment to apply for deferment or forbearance. You can also call us at 888.486. 4722. Calculate accrued interest while in deferment or forbearance. (To avoid capitalization, you may choose to pay accruing interest or even small payments toward the balance.)

But there's a way to get around this: refinancing parent PLUS loans in your child's name. To refinance parent PLUS loans, your child must apply and be approved for the loan through a private student loan lender. They would have to supply information about their credit score, school and degree.

Parent PLUS loans are eligible for the same student loan deferments as other federal loans. ... Parent PLUS loans are also eligible for forbearance. You always pay the interest that accrues on PLUS loans during deferment or forbearance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232