Student loans can feel like a never-ending weight. But you don’t have to sit around and hope it disappears. More than five million borrowers haven’t made a payment in over 360 days, and time just ran out.

Starting May 5, collections are back. Financial expert Michael Neuenschwander says hoping for forgiveness is not a strategy. You’ve got to move now.

Here is how to take control of your student loans before they take control of you:

Start With Whatever You Can Pay Now

Don’t wait for the “right” time or a magic number. If you can only pay $25 a month, do it. Starting small gets the ball rolling and helps you build a habit. Even little payments chip away at the interest.

This also shows your lender that you are not ignoring the debt, which can help if you need to ask for help later.

Deferment Buys You Time

If you are struggling, deferment is a legal pause button. You can apply to put your student loans on hold for a few months. Depending on your loan type, interest might not grow during that time.

Use that break to regroup. It is not a long-term fix, but it is better than skipping payments and racking up penalties.

So, don’t wait for collections to start. Apply for deferment before you fall behind.

Income-Driven Repayment = Breathing Room

If your paycheck isn’t cutting it, switch to an income-driven repayment plan. Your monthly payment will be based on what you earn, not how much you owe. That could mean paying just a few bucks a month.

It won’t wipe out your student loans overnight, but it will stop the bleeding. It also protects you from default and keeps your credit score alive. Sign up online or call your loan servicer. It is free and can make a huge difference fast.

Change Your Career, If Necessary

If your job doesn’t cover your bills, it may be time to shift gears. Certain public service or nonprofit jobs offer student loan forgiveness after 10 years of payments. Others qualify you for reduced payments or extra help.

The idea is not to stay stuck. Switching careers might sound scary, but it can unlock real savings. Talk to a career counselor or check out training programs.

Forbearance Is Your Emergency Option

Forbearance is like deferment’s tougher cousin. It lets you pause payments, but interest keeps growing. Only use this if you are totally out of options and need a breather.

Call your loan provider and explain what is going on. Forbearance is not ideal, but it is better than defaulting. Just know it is a short-term fix. Use that break to get your budget in order, find a side hustle, or plan your next step.

Student loan forgiveness sounds great, but it is not guaranteed. Programs change, rules shift, and most require years of payments before anything is wiped.

Neuenschwander warns that waiting and hoping can cost you big time. It is smart to apply for forgiveness if you qualify, but don’t bet your future on it. Pay what you can, stay current, and keep records. You are your best backup plan.