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

The COVID-19-era pause on stu­dent loan repay­ments is end­ing in five days, as begin­ning in Octo­ber, bor­row­ers will have to resume their month­ly stu­dent loan pay­ments.
As stu­dent loan pay­ments begin to resume for mil­lions of bor­row­ers, the amount bor­row­ers owe and the due date for the pay­ment will be sent out 21 days before the first pay­ment is due, accord­ing to the Depart­ment of Edu­ca­tion.
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When the coro­n­avirus pan­dem­ic hit the Unit­ed States in full force in March 2020, the fed­er­al gov­ern­ment paused stu­dent loan pay­ments, and the pause has been extend­ed numer­ous times by the Biden admin­is­tra­tion. As the pan­dem­ic has end­ed in the Unit­ed States, pay­ments are set to resume begin­ning in Octo­ber.
Inter­est on out­stand­ing stu­dent loans already resumed on Sept. 1, 2023, after it had been paused since March 13, 2020.
While the pay­ments have been paused for more than three years, if bor­row­ers are unable to begin pay­ing their loans off when pay­ments resume in Octo­ber, a “tem­po­rary on-ramp” will exist until Sept. 30 …