Student Loan Repayments to Resume in September; Payments Due Oct. 1 Amid Uncertainty

Federal student loan payments and interest will resume on September 1, 2023, and payments will be due starting in October.
The Biden administration's student loan forgiveness program is awaiting a Supreme Court decision, which is expected in late June or early July.
in 5 borrowers could struggle with student loan repayments, according to a new analysis from the federal Consumer Financial Protection Bureau.
Loan servicers will be in touch with borrowers ahead of bills coming due, but budget cuts may result in longer wait times for assistance.
Borrowers should be proactive and contact their loan servicer now to confirm personal information, loan amounts, and payment plans.