Federal student loan payments will resume in October after a three-year pause. Here's what you need to know.
June 16, 2023, 2:08 PMIn this Feb. 28, 2023, file photo, people rally in support of the Biden administration's student debt relief plan in front of the the Supreme Court, in Washington, D.C.will start accruing interest again on Sept. 1, and payments will resume in October.
Americans also are waiting to find out whether the Supreme Court will allow President Joe Biden's student loan forgiveness plan to go ahead, but payments will resume regardless of what the justices decide. Student loan borrowers gathered at the Supreme Court today to tell the court that student loan relief is legal on Jan. 02, 2023, in Washington, D.C.Here’s what you need to know as you gear up for those payments to resume:
Student loan repayment is not a one-size-fits-all proposition. It depends on a number of things, including the kind of loan you have, so ask your loan servicer about payment plans that are available to you.
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