How to Manage Your Student Loan Debt While Furloughed

If you are among those who have been asked to wait out the shutdown on the sidelines or continue reporting to work without pay, you are all too aware of the mounting financial pressures. Mortgage lenders, credit card companies, utility service providers and others have come forward with temporary hardship programs specifically for furloughed workers, but what are the options for student loan borrowers?

There is no one-size-fits-all solution, but the Student Loan Ranger can suggest a few steps for borrowers to take to get through the government shutdown:

  • Communicate proactively.
  • Review your federal student loan repayment options.
  • Consider other repayment options.

Check out our full blog over at the Student Loan Ranger blog for U.S. News!

Click to schedule time with an NFCC member agency near you

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

National Foundation for Credit Counseling
2000 M Street, NW
Suite 505
Washington, DC 20036

For NFCC Media Inquiries:
Bruce McClary
Vice President of Communications
Email: bmcclary@nfcc.org