Yes, you can get your payments for your student loans suspended for a short period.
Are you in a short-term financial bind?
Yes, I am temporarily laid off for four weeks.
You may actually qualify for a deferment or a forbearance and temporarily suspend your payments.
Could I qualify for loan forgiveness eventually?
Yes, you could qualify for loan forgiveness on our remaining balance if your loan is not paid in full after 20-25 years.
Is it better to get relief with lower payments through an income-driven repayment plan?
Yes, it might be a better option because your income-driven repayment base your monthly student loan payments on your income and family size and you could have a payment as low as zero each month.
What happens during the deferment or forebearance?
Interest will accrue during your period of deferment or forbearance except in cases like one offered as a result of COVID-19 national emergency.
Would it be best for me to consider other options besides deferment or forebearance first?