People who are now out of work but still have student loan payments due are getting a break.
The New York State Department of Financial Services has reached a deal with most the holders of most of New York's private student loans.
Borrowers are getting at least 90 days of forbearance, and late fees are being waived.
Borrowers won't get a ding on their credit report, and debt collection lawsuits are being suspended for 90 days.
If you have lost your job because of the pandemic, you should contact your lender.