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So you’ve graduated college, and it’s time to start paying off those student loans. However, this may not be as simple as it sounds. Unfortunately, you may find yourself in a position where you’re not able to make your student loan payments—whether it be a one-time deal or something that looks like it’ll last for a little while. Add to the situation the fact that many student loan lenders are difficult to deal with (see a list of the worst providers here), and you may find yourself in quite a difficult situation. But don’t fret—you do have option. Following are just two ways you can deal with being unable to make your student loan payments.

1. Obtain a Deferment

The first thing that you should look into is obtaining a deferment on your student loan payments. Deferments allow you to cease making payments for a specific amount of time—as long as you can show that you qualify for deferment. For example, you may be able to obtain a deferment if you’re returning to school, are in the process of finding a job, are experiencing economic hardship, or are unemployed. Keep in mind that a deferment won’t automatically be put in place due to your circumstances—you must apply for a deferment in order to obtain one.

2. Set Up a Loan Forbearance

If you’re unable to get a deferment for any reason, your next step will most likely be to set up a loan forbearance. A loan forbearance allows you to cease making payments for a specific amount of time, just like a deferment—however, while many times your interest will stop accruing during your loan deferment, your interest will continue to accrue during loan forbearance. Loan forbearances are typically easier to obtain than deferments.

These are just the two most popular ways that you can deal with being unable to make your student loan payments. Other options include applying for loan forgiveness, trying to get your loan canceled, and more. The point is: You do have options. So do your research and make something happen!

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