The thousands of federal workers newly laid off by the Trump administration face numerous financial challenges , including finding new health insurance and keeping up with recurring bills . Another key task: Figuring out what to do about their monthly student loan payment .

The permanent job cuts — which Russell Vought, director of the Office of Management and Budget , announced on Friday — are formally known as "Reductions in Force ," or RIFs. The RIFs will strip many federal workers of certain benefits related to their student loans and make it harder for them to repay their debt.

However, there are options available that allow borrowers to pause their payments or request a lower payment during difficult times.

Here's what federal workers should know about their student

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