If you are having trouble paying off your school loans or keeping up with tuition payments, you might consider sending a hardship letter to the loan company or school asking for relief.
Below is a sample hardship letter for school loans:
IMPORTANT: DO NOT COPY THIS LETTER EXACTLY. PLEASE USE YOUR OWN WORDS.
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[Student Loan Provider]
[Address]
[Phone Number]
[Date]
To Whom It May Concern:
I am writing to [request a deferment, consolidation, restructuring, etc.] on my student loan(s), because of financial hardship.
Specifically, I am unable to continue to pay my loan(s) because [specific reasons, including unemployment, military deployment, medical problems, etc.].
Until recently, I have paid my bill in full and on time for [length of time]. So, I hope you recognize that I have been responsible about my debts. However, my current financial situation is making it impossible for me to continue to make these payments.
Please find the attached financial documents that prove my hardship, including [pay stubs, tax documents, etc.].
Hopefully, we can come to an agreement as soon as possible. If you have any questions about my request, please contact me as soon as possible.
Sincerely,
[Your Signature]
[Your Name]
[Your Address]
[Your Phone Number]
Below is a sample hardship letter for school tuition:
IMPORTANT: DO NOT COPY THIS LETTER EXACTLY. PLEASE USE YOUR OWN WORDS.
[Name]
[School]
[Address]
[Date]
To Whom It May Concern:
I am writing to request a reduction in my tuition costs for this year. Although the rising price of tuition is difficult for many students, I hope you will understand and grant an exception based on my financial hardship.
I have already completed [number of terms/semesters] here at [school]. During that time I have worked very hard to maintain a [GPA] GPA while also working as many hours as possible. Unfortuantley, it is difficult to find a job with the right kind of flexible hours. I actually had one until recently when I was laid off.
In addition to my transcript and financial statements I have included letters from
my teachers. These recommendations will attest to my hard work and dedication
within an academic setting.
Thank you for your time and consideration. Please contact me at your earliest
convenience.
Sincerely,
[Your Signature]
[Your Name]
[Your Address]
[Your Phone Number]
[Student ID Number]
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