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  • Education-related Deferment Form - Great Lakes Higher Education ...

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Before completing this form, carefully read the entire form, including the instructions and ... Interest will not accrue on my subsidized loan(s) during my deferment.

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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.

Both allow you to temporarily postpone or reduce your federal student loan payments. The main difference is if you are in deferment, no interest will accrue to your loan balance. If you are in forbearance, interest WILL accrue on your loan balance.

How Great Lakes Can Help You With Your Student Loans. Great Lakes is a U.S. Department of Education federal student loan servicer. We help with student loan questions, repayment, consolidation, payment relief, and more.

Public Service Loan Forgiveness with Great Lakes PSLF forgives the remaining balance of your Direct Loans after you've: Made 120 qualifying payments. Made the payments under a qualifying student loan repayment plan. Worked full-time for a qualifying employer when you made the 120 payments.

Since 2018, Great Lakes and Nelnet have shared the same parent company. The transfers will consolidate all borrowers onto the Nelnet system, with customer service provided by the same associates servicing Great Lakes and Nelnet customers today.

To qualify for Great Lakes student loan forgiveness, you'll need to switch from your current repayment plan to an IDR plan. Under an IDR plan, your monthly payments will be capped at 10% to 20% of your discretionary income for 20 to 25 years.

Great Lakes will stop managing federal student loans in 2023. Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is also an authority on student loans.

In-school deferment is one type of student loan deferment that allows you to temporarily pause payments on your student loans while you're attending college.

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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