March 4, 2003 :: Deferments and Forbearances Topic of Upcoming Chat Event

Media Contact: Ben Hardcastle
Office: 1.405.225.9346
Mobile: 1.405.640.9672
bhardcastle@osrhe.edu

Borrowers seeking to delay student loan payments due to economic hardships or other reasons can get information about deferments and forbearances during a live interactive chat session scheduled from 6 to 7 p.m. March 11.

Titled “Deferments, Forbearances and Default Prevention,” the chat session is sponsored by Mapping Your Future, a college, career and financial aid Web site.

Career-counseling experts from across the country will be on hand during the chat where participants will learn more about deferments and forbearances and the application process for each, the types of deferments and deferment options, as well as deferment eligibility.

Anyone with Internet access can join the chat by visiting www.mapping-your-future.org. Simple instructions will show you how to join in on the discussion.

Other upcoming chat sessions in the coming weeks include “Debt Management Strategies” on April 8 and “Loan Forgiveness, Discharge and Cancellation” on May 6.

The Mapping Your Future Web site is sponsored by the Oklahoma Guaranteed Student Loan Program (OGSLP) and guaranty agencies in other states that participate in the Federal Family Education Loan Program.

In Oklahoma, loans for higher education or post-secondary education made to students by private or public lending institutions are guaranteed by the federal government through OGSLP, which is administered by the Oklahoma State Regents for Higher Education.