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.
I want to know more about Mandatory Forbearance; and what happens if you do an internship or residency in medicine or dentistry?
You'll be serving an internship or resident program and you meet specific requirements.
I also hope to find out how much money i ahve in my balance . 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.
Another thing about the ICR plan, will it benefit me for my PLUS loans?
The benefits of this plan will give you the only income-based repayment option available to major PLUS loan borrowers.
I'm hoping to find out as well about the temporary relief. Is an income-driven repayment plan a safer way to get it with lower payments?
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?