Stu­dent loan restart: Pay­ments to begin again when fed­er­al pause ends in two days

Mil­lions of bor­row­ers will have to resume their month­ly pay­ments when the COVID-19-era pause on stu­dent loan pay­ments ends in two days.
The amount bor­row­ers owe for the first pay­ment and when it is due will be sent out 21 days before the due date, accord­ing to the Depart­ment of Edu­ca­tion. Pay­ments begin to resume as soon as Oct. 1.
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Bor­row­ers have seen their stu­dent loan pay­ments paused since the coro­n­avirus pan­dem­ic began in March 2020. The pause has been extend­ed numer­ous times by the Trump and Biden admin­is­tra­tions, but fol­low­ing the pan­demic’s end, pay­ments are set to resume in Octo­ber. Inter­est on out­stand­ing stu­dent loans already resumed on Sept. 1 after it had been paused since March 13, 2020.
If bor­row­ers are unable to begin pay­ing their loans off when the pause ends, a “tem­po­rary on-ramp” will exist through Sept. 30, 2024. Those in the “on-ramp” pro­gram will not be report­ed as being delin­quent on their pay­ments if they are cur­rent­ly unable to pay them until next year.
“Pay­ments are sti …