[Here briefly describe on Sample application letter to apply for student loan forgiveness due to unemployment or further studies. You can also use following application for extension in loan payment date and period. You can modify this format as your requirement.]
Date…
The Registrar,
Institution name…
Institute Address…
Sub: Request letter for Loan Forgiveness
Respected Sir,
I am a student of (University name). My session is 20xx and I am currently enrolled under registration number 20xx-yy-zz in (subject and department name). Respects sir, I joined this university after mutual agreement of an interest-free student loan between me and the faculty of the department. Therefore I am supposed to pay my all tuition fee in form of the loan to the university after completing my graduation. (show your actual problem and situation). Sir, I want to further pursue my studies in master’s degree work after completion of my graduation. Due to this, I would not be able to do a proper job and in that way, I would not be able to pay back the loan on which I agreed. Therefore you are requested to forgive and remit my loan so that I may continue my journey of knowledge.
I hope after reading the above problem, you will forgive my loan for which I agreed. I shall be thankful to you for this favor.