Hurricane Victims may Postpone Student Loan Payments
Due to the recent string of hurricanes, federal student loan borrowers residing in nationally declared disaster counties can receive a forbearance to postpone repayment.
St. Petersburg, FL (PRWEB) October 8, 2004 -- Due to the recent string of
hurricanes, federal student loan borrowers residing in nationally declared
disaster counties can receive a forbearance to postpone repayment. Over 372
counties throughout 13 states and Puerto Rico have been designated as disaster
areas deserving of individual federal assistance.
Janel Landis, an ACFS
spokesperson, stated today, “During a time when individuals face catastrophic
events, the last thing they should be concerned with is making their monthly
student loan payments. This [temporary forbearance] is a valuable option;
however, the opportunity to take advantage of this assistance is widely
unknown.” American Collegiate Financial Services (ACFS) is actively educating
borrowers of their options under this provision.
According to the
Department of Education, interest will accrue during a temporary forbearance.
Depending on an individual’s servicing agent, the length of the forbearance will
vary. Individuals may consult with a Loan Specialist to inquire about his/her
forbearance rights by calling 800.304.1471.
To search your county by
state and/or hurricane, visit: www.fema.gov.
About ACFS
ACFS is set to become the
nation’s leader in providing financial assistance to student loan borrowers. Its
purpose is to educate students and parents regarding student loan debt. Since
its inception in 2002, ACFS has assisted thousands of borrowers in the
management and consolidation of over $1 billion in student loans. ACFS makes
higher education more affordable through an innovative loan product and superior
customer service. ACFS, based in St. Petersburg, Fla, offers the nation’s best
student loan advice at 800.304.1471. For more information on ACFS, visit www.OneStudentLoan.com.
For more information, or a
sample copy, contact:
Casey Jennings
ACFS
800.304.1473 ext.
1007
727.644.7659
e-mail protected from spam bots
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Source : http://www.prweb.com/releases/2004/10/prweb165553.htm