"Student loan repayment resumes with increased debt and lower interest rates."

After a three-year pause, federal student loan repayments will resume in the fall, affecting millions of borrowers who have been granted relief during the pandemic. The Biden administration has extended the pause several times since taking office, but officials have said that the resumption of payments will not be delayed again. The Department of Education has urged borrowers to prepare for the restart of payments and consider enrolling in income-driven repayment plans or seeking other forms of financial aid if necessary.