Stu­dent loan restart: Pay­ments to begin again in nine days as fed­er­al pause ends

Stu­dent loan bor­row­ers with out­stand­ing bal­ances will have their pay­ments resume begin­ning next month as the COVID-19-era fed­er­al pause comes to an end.
The amount bor­row­ers owe and the due date will be sent out 21 days before the pay­ment is due, accord­ing to the Depart­ment of Edu­ca­tion.
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Stu­dent loan pay­ments have been paused since March 2020, when the coro­n­avirus pan­dem­ic hit the Unit­ed States in full force, and the pause has been extend­ed numer­ous times by the Biden admin­is­tra­tion. Now that the pan­dem­ic has end­ed in the Unit­ed States, pay­ments will resume begin­ning in Octo­ber. Inter­est on out­stand­ing stu­dent loans already resumed on Sept. 1, 2023, after it had been paused since March 13, 2020.
If bor­row­ers are unable to begin pay­ing their loans off when pay­ments resume in Octo­ber, a “tem­po­rary on-ramp” will exist until Sept. 30, 2024, so that bor­row­ers are not report­ed as being delin­quent on their pay­ments, accord­ing to the Edu­ca­tion Depart­ment.
Loan plans eli­gi­ble for this tem­po­rary solu­tion include direc …