DRAFT MESSAGE TO YOUR LOAN SERVICER:

<aside> 📌 Federal loan payments and interest are automatically paused under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. For private loans, you can ask by contacting your loan servicer with this template below.

Please replace or remove all the placeholders in brackets to personalize your message before sending!

</aside>

Dear [Enter loan servicer's name] team,

My name is [Enter student name] and I have an active student loan with [Enter loan provider's name]. I am reaching out to inquire about loan payment options available to me given recent special circumstances.

The COVID-19 outbreak has unfortunately led to substantial hardship for me. [Enter more info about your special circumstances, if any, and how they're impacting your ability to pay back your loan in the short term]

Given the unexpected disruption of this school semester, I will have difficulty taking care of my loan payments as scheduled for the coming months [You can replace with the timeframe you think you'll have challenges during]. Can you let me know what my options are to defer loan payments under the best conditions possible? Notably, would deferment or forbearance options be available for me?

I would also really appreciate any advice or guidance on how to best manage my student loan for the duration of this pandemic. Any information is greatly appreciated in this time of uncertainty.

All the best,

[Enter student name]