If you have federal student loans that qualify for the different, the government is pausing your payments and interest until September 30th, 2020. This means the interest is set at $0 and no payments will be due.
If you are currently in the federal loan forgiveness program where you work for a qualified non-profit and will have loans forgiven after 120 payments, you do NOT need to make payments during this time. The months while on ‘pause’ will count towards your qualifying payments.
If you have private student loans- you will need to contact your lender to see what they are doing for borrowers right now.
Here are some things to consider: