Lost your job in the US and worried about student loans? Here’s what you need to know

As US unemployment rises, student loan borrowers are under pressure. Federal options like income-driven repayment and deferments can reduce or pause monthly payments, with some qualifying for $0 bills. CNBC reports rising enrolment in relief programmes as job creation slows and the unemployment rate climbs. Borrowers are urged to understand income verification rules and interest accrual. Private loan holders face fewer options but may negotiate directly with lenders for assistance during financial hardship.