45 CFR 2525.320 - What steps are necessary to obtain forbearance in the repayment of a qualified student loan during an individual's term of service in an approved AmeriCorps position?

Regulations last checked for updates: Nov 25, 2024

Title 45 - Public Welfare last revised: Nov 19, 2024

View all text of Subpart E [§ 2525.310 - § 2525.330]

§ 2525.320 - What steps are necessary to obtain forbearance in the repayment of a qualified student loan during an individual's term of service in an approved AmeriCorps position?

(a) An Eligible Individual seeking forbearance must submit a request to the loan holder.

(b) If, before approving a request for forbearance, the loan holder requires verification that the Eligible Individual is serving in an approved national service position, AmeriCorps will provide verification upon a request from the Eligible Individual or the loan holder.

authority: 42 U.S.C. 12601-12606

source: 88 FR 44727, July 13, 2023, unless otherwise noted.

cite as: 45 CFR 2525.320