RISE AmeriCorps Members are eligible for forbearance for most federally-guaranteed student loans.
Interest payments that accrue during service may be eligible for repayment by AmeriCorps.
Interest payments that accrue during service may be eligible for repayment by AmeriCorps.
Loan Deferment and Interest Forbearance
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HOW TO REQUEST LOAN FORBEARANCE
As an AmeriCorps member, you have the option of placing your federally backed student loans into forbearance. This means for the time you are an AmeriCorps member, you will not have to pay any amount on your federal student loans. This does not work on private loans. You will have to repeat this process for each loan provider.
Click on “Create Forbearance Request”
Click on “Create Forbearance Request”
- Choose your "service term"
- Click “search institution”
- Here you will need to know the address and name of your loan holder. An example is many federal loans are held with "Federal Loan Servicing" in Harrisburg, Pennsylvania.
- It helps to put your loan account number in the comment box.
- Submit request, but ensure you only click once.
- To check your request status, go back to your “My Education Award” page. The loan holders have the option of accepting or rejecting and they will put their decision in the comment box attached to the request.
