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 individuals 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 nations 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 nations 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
cjennings@acfsloans.com
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