Forbearance Request Form - Campus Partners

The Forbearance Request Form - Campus Partners is used for requesting temporary suspension or reduction of loan payments. It allows borrowers to seek a forbearance period during which they can temporarily postpone or reduce their loan payments due to financial hardships.

FAQ

Q: What is the Forbearance Request Form?A: The Forbearance Request Form is a document used to request a temporary pause or reduction in student loan payments.

Q: Who can use the Forbearance Request Form?A: Any student loan borrower who is experiencing financial hardship and cannot afford their monthly payments may use the Forbearance Request Form.

Q: What information is needed to fill out the Forbearance Request Form?A: You will need to provide your personal information, loan details, and documentation of your financial hardship.

Q: What types of financial hardships qualify for forbearance?A: Common financial hardships that may qualify for forbearance include unemployment, illness, or economic hardship.

Q: How long does a forbearance typically last?A: A forbearance period is typically granted for a period of 6-12 months, but the exact duration may vary depending on your specific circumstances.

Q: Can I make partial payments during forbearance?A: While you are not required to make payments during forbearance, you are still allowed to make partial payments if you can afford to do so.

Q: Is interest still accruing during forbearance?A: Yes, interest continues to accrue on your student loans during forbearance. It is important to consider the potential increase in your loan balance.

Q: Are there any fees for requesting forbearance?A: There are typically no fees associated with requesting forbearance on your student loans.

Q: What do I do after submitting the Forbearance Request Form?A: After submitting the Forbearance Request Form, you should wait for confirmation from Campus Partners regarding the approval or denial of your forbearance request.

Q: Can I apply for forbearance multiple times?A: Yes, you can apply for forbearance multiple times if you continue to experience financial hardship. However, it is important to note that there may be limits on the total duration of forbearance you can receive.