Hi Heather:

I recently got laid off and haven’t applied for unemployment (still considering it) in which case my income until I find a new job will be $0. Now, I had already received my min payment amount after consolidating and IBR and my first payment ironically is due only a few days after I was laid off.

So, should I start the clock by asking for forebearance? I have Fedloan Servicer Loans and it appears a max of 3 years allowed for forebearance.

Alternatively, is there a way for me to request to correct my IBR yearly income to include $0 reflective of my current situation? If possible, how much would my payment be? I realize this is sort of a silly question but would greatly appreciate your response nonetheless.

Thank you so much ahead of time!