Student loan payments due in October after years-long pause
The Department of Education has locked in when student loan payments will restart after the three-year pause from COVID-19.
Interest on student loan payments will begin in September, and payments will resume in October, the department says on its website.
The update says payments are restarting again because Congress “recently passed a law preventing further extensions of the payment pause.”
The break in federal payments began under then-President Trump in early 2020. The law that prevented further extensions of it was included in the debt ceiling agreement between President Biden...