How to Apply for the Economic Hardship Deferment To apply for the economic hardship deferment for federal loans, borrowers must submit anEconomic Hardship Deferment Request formto their loan servicer. Borrowers must also submit documentation of income such as a copy of a recent pay stub or the b...
If you’re still unemployed but haven’t yet exhausted your benefits and extensions, you may want to prepare for the end of your unemploymentbenefits as early as possible so you don’t become overlystressed about money. Here are four tips to help you get through this time: “It’s ...
Many people ask how to apply for short-term disability while making a faulty assumption that puts their families in a precarious financial bind. You cannot file a claim for benefits if you do not have coverage, and you must show evidence of good health to buy a new policy! State-mandated ...
Additionally, it is important to note that you don’t need to quit your job in order to qualify for unemployment benefits. This means that if you are technically employed, but are unable to receive wages due to a lack of work (or other reasons listed above), you can still apply for un...
"Generally speaking, the paperwork necessary to apply for a withdrawal will either be by paper or online." Consequences of Taking a 401(k) Hardship Withdrawal If you remove funds from a 401(k) for a hardship and spend them, you lose out on the amount saved and the additional interest ...
Private student loans cannot be canceled unless the borrower passes. However, some lenders may forward the loan to the next of kin. Should I apply for student loans if I haven't finished applying for scholarships and grants? It is best to apply for a private student loan once you’ve fini...
Many credit card issuers have offeredfinancial hardship assistanceduring the coronavirus pandemic, but it's worth going back to them as your additional unemployment benefits run out. "If you've already been taking advantage of this assistance, consider contacting them again to explain that your situa...
Don't be afraid to apply for many scholarships. The more you apply for, the higher your chances of receiving an award. Keep track of deadlines and application requirements. Maintain good academic standing. Many scholarships and grants require a minimum GPA. ...
The monthly payment on income-driven repayment plans is typically lower than the standard repayment plan and may be as low as $0 for borrowers with low or no income. While income-driven repayment plans have many benefits, it’s essential to consider the requirements you’ll have to meet and...
Some people in Kentucky rely on welfare benefits like the Supplemental Nutrition Assistance Program, the Kentucky Transitional Assistance Program and Medicaid to help support themselves and their families.