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- To pause student loan payments, you can123:
- Apply for student loan deferment or forbearance. Each option has different requirements and outcomes.
- Send your student loan servicer the appropriate application and any necessary documentation.
- Reach out to your specific lender to request a temporary pause in payments. This option was announced by President Trump on March 20, 2020, and allows borrowers to pause payments for 60 days without a penalty.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Two Ways You Can Pause Student Loan Payments Depending on your situation and need, you may be able to pause student loan payments through student loan deferment or forbearance. Each of these options has different requirements and outcomes, so it’s essential to understand how they work.www.sofi.com/learn/content/pause-student-loan-pa…To apply, send your student loan servicer the appropriate application and any necessary documentation, like proof of unemployment benefits. Your student loan servicer must grant you a deferment if you qualify, but keep making payments until you're officially approved.www.nerdwallet.com/article/loans/student-loans/stu…On March 20, 2020, President Trump announced that federal student loan payments would be temporarily paused. Borrowers have the option to pause payments for 60 days without a penalty. This is not automatic. You will need to reach out to your specific lender to request this.www.savingforcollege.com/article/how-to-pause-st… - People also ask
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