What is Partial Financial Hardship (PFH)?

PFH is a circumstance in which the annual aggregate amount due on all of a borrower’s eligible FFEL and Direct loans, as calculated under a standard repayment plan based on a 10-year repayment period at the time the borrower initially entered repayment, exceeds 15% of the difference between the borrower’s adjusted gross income and 150% of the poverty line for the borrower’s family size.