Federal Employee Assistance Program

Federal Employee Assistance Program Skip-A-Payment
Name*

First NameLast Name
Email*
example@example.com
Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Phone Number*
Please enter a valid phone number.
Sovereign Bank Loan Number
Use commas to separate multiple loan numbers.
Employer/Federal Agency*
Eligibility:
- Applicant must be a current Sovereign Bank customer.
- Applicant must be a current federal employee affected by the 2025 government shutdown.
- Loan must be current and in good standing.
- Skip-A-Payment may be applied to one eligible consumer loan (auto, personal, or unsecured loan).
- Mortgage, home equity, and commercial loans are not eligible.
Terms:
- Interest will not accrue during the skipped payment period. Interest will resume accruing on the outstanding balance beginning on the date the skipped payment is due.
- The skipped payment will be added to the end of the loan term.
- All other terms of the loan agreement remain in effect.
- Sovereign Bank reserves the right to deny any request that does not meet program criteria.
I certify that I am currently employed by a federal agency and experiencing a disruption in pay due to the government shutdown. I understand the terms outlined above and authorize Sovereign Bank to process my request.*

Yes
Disclosures:
Participation in this program is subject to approval and verification of eligibility. Interest will not accrue during the skipped payment period, and deferring a payment will extend the loan maturity date. Customers must be current on all loan obligations to qualify. Other restrictions may apply. Sovereign Bank reserves the right to modify or discontinue this program at any time without notice.
Should be Empty:

Federal Employee Assistance Program Skip-A-Payment

Eligibility:

Terms:

Disclosures: