Sounds like a thermal fuse or breaker. If the machine gets to hot there is a fuse or breaker that will trip to keep the heating element from burning up. It is usually in line with the heating element. You will have to take the covers off (unplug the machine first) and follow the wires that hook to the heating element. If it is a breaker, you can just push the reset, if it is a fuse you will need to check it for continuity to make sure it is blown. If it is, you simply replace it with another and you are back in business.
It could also be a blown heating element, or a dozen other possibilities, but the fuse is the most common given the symptoms you describe.
Black housing with the red dot is a thermal breaker
Blown Thermal fuse from my Isomac