Federal Student Loan Borrowers
Borrowers in -designated disaster ZIP codes due to the wildfires can pause federal student loan payments for up to 90 days through natural disaster forbearance.
It's crucial for affected borrowers to keep their contact details updated and to consider their financial situation before opting for forbearance, as interest will accrue during this period.
Additional Relief Options and Private Loans
Beyond disaster forbearance, borrowers can request general forbearance, unemployment deferment, or switch to income-driven repayment plans to reduce payments or progress toward forgiveness.
Private loan borrowers are advised to directly contact their lenders to explore disaster relief options, which can vary by lender.