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A Student Loan Hardship Letter is written when a student finds they will be unable to pay for expenses related to their current education plan and need to request additional funding. This letter can be sent either to a financial institution (such as a bank or loan agency) or the financial aid department of a university. A Student Loan Hardship Letter template is available for download below.
To write a Hardship Letter for a Student Loan you will want to include the following:
- Name and address of the person you are sending the letter to.
- Subject line with the title, "Student Loan Hardship Letter."
- An explanation of your current financial situation, where you attend school and your major, and the total amount of money you are seeking.
- With this you will want to include any other loans you currently have, if you are currently working, and how much your education institution costs per year.
- Also include any unexpected expenses, such as an illness, car accident, or loss of work.
- Close the letter by explaining how this additional influx of money will help you continue on with your studies and that you appreciate their consideration.
- Closing salutation and your full name.
Haven't found the template you're looking for? Take a look at the related templates below: