Sample Student Loan Letter

I hope this message finds you well. I am writing to address my current student loan account with your office and to request some assistance with managing my loan repayment.

Account Details:

• Name: [Your Full Name]
• Account Number: [Your Account Number]
• Loan Type: [Federal/Private]
• Current Balance: [Current Balance Amount]

Reason for Contact: I am currently experiencing [briefly describe your situation, e.g., financial hardship, a temporary job loss, etc.], which is impacting my ability to make the scheduled loan payments. Due to these unforeseen circumstances, I am requesting [specify what you are asking for, e.g., a temporary forbearance, a modification of my repayment plan, or a deferment].

Requested Action:

1. Forbearance/Deferment Request: I would like to request a [specific type of forbearance or deferment] for [number of months or a specific period]. During this period, I would appreciate if you could confirm that my account will not accrue additional interest or penalties.
2. Payment Plan Modification: If possible, I would like to discuss adjusting my monthly payment amount to better align with my current financial situation. Please provide information on how I can apply for a revised payment plan.

Supporting Documentation: I am including the following documents to support my request:

• Proof of Income: [e.g., recent pay stubs, unemployment benefits statement, etc.]
• Financial Hardship Statement: [Brief description of your financial situation]

I would greatly appreciate it if you could review my request and provide me with guidance on the next steps. Please let me know if you need any additional information or documentation to process my request.

Thank you for your time and understanding.

Sincerely, [Your Full Name] [Your Contact Information]