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The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
Restarting payments all at once for so many borrowers will be an unprecedented task.
Washington (CNN) — For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October.
A three-year payment pause ends in October. A more affordable repayment plan is available, and some borrowers will receive a fresh start.
After a hiatus of three years, interest on federal student loans will begin to accrue in September, and the repayment will begin in October. What about the new loan servicer? Know here.