The pause on student loan payments first put in place in March 2020 amid the COVID-19 pandemic ends in October. The exact date in October will depend on your lender. Interest on existing loans will resume starting Sept. 1.
Interest on existing student loans will resume starting Sept. 1.The U.S. Department of Education confirmed Monday the date for a restart on student loan payments.
To assist the roughly 45 million Americans who have federal student loan debt, an Education Department spokesperson told to contact their loan services now to confirm their interest rate, personal information, remaining loan amount and payment plans. Borrowers can expect to receive their bill statements from their loan service providers a few weeks before they are due.
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