Forbearance Letter for Student Loans (Free Sample)
Use this sample forbearance letter for student loans as a template for your formal notification.
Sample Forbearance Letter for Student Loans
Name of Student
Address of Student
City, State, Zip Code
DATE
Name of Loan Officer
Name of Lending Institution
Address of Lending Institution
City, State, Zip Code
RE: Formal request for forbearance for student loan number NUMBER
Dear Name of Loan Officer:
This letter is a formal request for 12 months forbearance for my student loan. The regular payment is $250 per month, and I am requesting to pay one quarter of that amount. I have read your rules for granting forbearance, and believe my situation fits under financial difficulty.
My father was making the payments until he died last month. I will be able to continue making the regular payments as soon as I get a suitable job. Since I graduate with honors in three months on DATE, I hope to have a job as a biology teacher in September of this year.
I will be able to continue the regular payments by the end of the year on DATE. I understand the interest will accrue, and I plan to pay it at that time. I have included a copy of the death certificate of my father.
I hope to receive a positive response from you as soon as possible because I am not in a financial position to continue to make the payments for much longer. I can be reached at Phone Number or Email Address if you have any questions or need any more information.
Thank you for considering my request.
Sincerely,
Signature of Student
Printed Name of Student
Enclosed: death certificate of father