Forbearance Forms – Great Lakes

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Requesting A Forbearance With Great Lakes

Do Not Send This Directly To Great Lakes.

Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.

We know you may have questions about forbearance and how and when to use it.

We've got you covered.

Requesting forbearance on your student loans means you can postpone or reduce your monthly payments for a certain period.

Here's What A Forbearance Does:

  1. Receive a reduced payment price point

  2. Payment period postponed/extended

  3.  Allows you more time to recover financially

  4. Makes your loan current, getting you out of the late payment cycle

Here's What To Keep In Mind With Forbearance:

  1. Forbearance is temporary, only for a set period of time.

  2. Credit bureau still records previously past due payments

  3. You’re still liable to pay the accrued interest on your loans for the affected months

  4. Loans will capitalize if you don’t pay interest - If you can, continue to pay interest.

Here's How To Request A Forbearance With Great Lakes:

Step 1: Download This Form: Great Lakes Forbearance Request

Here's what the top of that form looks like:

Make sure you fill out this information with your current information.

If you've moved, had a name change, or have new information, please make sure to check the box.

Step 2: The Request

This is important.

The second half of the first page has you detail out the reasons for your forbearance request.

Please fill this out.

Explain why you are requesting a forbearance.

Remember, you are a borrower of a federal student loan. Most lenders don't allow postponement of payment. So the fact the government allows a short window in time to push payments off is a great resource, but they need to make sure you have a good reason for this forbearance request.

If you have questions about filling this out properly please use the CHAT feature below or call our customer success team directly at 877-433-7501 option 2.

Do Not Send This Directly To Great Lakes.

Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.

Step 3: Sign It

At the top of the second page you need to fill out your name in the "Borrowers Name" section and your social in the "Borrowers SSN" section.

Please make sure you complete this. Great Lakes will not accept your forbearance form without your information on each page they request it.

Then sign your name stating you would like to apply for forbearance. 

Do Not Send This Directly To Great Lakes.

Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.

Step 4: Where To Send The Completed Forbearance Request

You can leave these areas blank as your forbearance will be directed to the correct lender. 

Step 5: Once You've Printed Out And Signed This Document, Upload It It Your Membership Portal

Hover over "My Consolidation" and select the "Submit Your Documents" tab.

Use The File Upload Box To Upload Your Forms.

Here's What Happens After You Do That...

Once you submit your forbearance request our success team will review your documents. If everything is good to go we will mail the forms on your behalf.

You will be notified once we send them out.

If there are issues with the form we'd like to discuss with you, we will contact you.

Do Not Send This Directly To Great Lakes.

Once you complete it, UPLOAD IT TO YOUR PORTAL and let us review it for you. We will mail it on your behalf.

It's important to remember that Great Lakes is a collection company for the federal government.

They do not want to grant you forbearance because it means it takes them longer to make money on your loan. 

Fortunately, they have no choice.

But that doesn't mean they won't give you push back or a hard time at implementing your forbearance.

Our success team makes sure they abide by the rights you have so you don't have to worry.

We've got you covered.