If you’re struggling with a change to your finances or income, a student loan deferment can give you a break but it’s temporary. The maximum amount of.
and studentaid.gov and their student loan servicers. they may wish to start saving the amount of money they would be paying on their student loans just in case they get used to the restart of repayment, put that money in a high-yield savings account and you could use it to pay down the debt when repayment does restart, or use it to pay down other debt say from your holiday shopping, or to build or bulk up an emergency fund. there might be higher unemployment in this next year. if you re struggling to repay your student loans, contact your student loan servicer to ask about options such as the economic hardship deferment, unemployment deferment, general forbearances and repayment plans. you should also be aware of scams. anytime there is a change in the federal rules or an opportunity that s being delayed like this, scam artists pop up out of the