After being suspended for three years, federal student loan payments are expected to resume soon. But the government has options to keep the bills on pause.
Student loan borrowers who don't qualify for a deferment may requestUnder that option, borrowers can keep their loans on hold for as long as three years. However, because interest accrues during the forbearance period, borrowers can be hit with a larger bill when it ends.
If a borrower uses a forbearance, he recommends they at least try to keep up with their interest payments during the pause to prevent their debt from increasing.
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