Preparing for the End of the Federal Student Loan Pause.

1 min read
Source: CNBC
Preparing for the End of the Federal Student Loan Pause.
Photo: CNBC
TL;DR

The federal student loan payment pause will end on September 1, and payments will be due in October. Borrowers can prepare by checking their budget, getting in touch with their loan servicer, and making arrangements to pay. Income-driven repayment plans are available to all federal student loan borrowers, and borrowers can explore options to continue pausing their payments or enroll in a more affordable payment plan. The Biden administration maintains its legal authority to go through with its current agenda and says payments will resume this year.

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