Free Hardship Letter for Student Loans Sample

[Your Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Today’s Date]

[Lender’s Name]
[Lender’s Address]
[City, State ZIP Code]

Dear [Lender’s Name],

I am writing to inform you of my current financial hardship and to request your assistance in addressing it. Due to [insert hardship], I am experiencing difficulty making my monthly student loan payments on time.

My current financial situation is as follows:

• Monthly income: [insert amount]
• Monthly expenses: [insert amount]
• Assets: [insert assets]

As you can see, I am struggling to make ends meet and am unable to make my student loan payments in full. The hardship I am facing is [insert hardship]. 

I have tried to find a solution by [insert any actions taken to address hardship], but unfortunately, I am still unable to make my payments on time.

I am requesting a temporary suspension of my student loan payments for the next [insert number of months]. During this time, I will make every effort to improve my financial situation and to find a solution to my hardship. 

I am committed to repaying my loans and will stay in contact with you to provide updates on my progress.

I would be grateful for your assistance in this matter. Please let me know if there are any additional documents or information you need from me.

Thank you for your time and consideration.

Sincerely,

[Your Name]

Note that you should be honest and transparent in your letter and provide the lender with all necessary information they need to understand your hardship and make an informed decision. Also, you should make sure that you are providing the correct address and recipient name of the lender.