1. LawStack
  2. Title 45 - Public Welfare
  3. Chapter XXV - CORPORATION FOR NATIONAL AND COMMUNITY SERVICE
  4. Part 2529 - PAYMENT OF ACCRUED INTEREST
  5. 45 CFR § 2529.20
45 CFR § 2529.20
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?
April 14, 2021
CFR

(a) An individual seeking forbearance must submit a request to the holder of the loan.

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

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§ 2529.10 Under what circumstances will the Corporation pay interest that accrues on qualified student loans during an individual's term of service in an approved AmeriCorps position or approved Silver Scholar position?
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§ 2529.30 What steps are necessary for using funds in the National Service Trust to pay interest that has accrued on a qualified student loan during a term of service for which an individual has obtained forbearance?

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