Returning to Repayment and Targeted Debt Cancellation

On August 24, 2022, President Biden announced a final student loan pause on repayment as well as outlining targeted debt cancellation for certain student loan borrowers. Federal student loan payments will resume in January 2023. Students who were in loan repayment prior to March 2020 OR had loans in the grace period OR who have borrowed federal student loans since March 2020 and are not currently enrolled could be affected by the return to repayment.

For more information on President Biden’s announcement, click here for Student Debt Relief Plan information.

Federal student loan borrowers should start preparing now to return to repayment. We encourage you to:

Log in to your loan servicer's website or mobile app to make sure your contact information is current. To find out who your loan servicer is, borrowers should visit your account dashboard-by logging in to the "My Aid" section, and select "View loan servicer details," or call the Federal Student Aid Information Center (FSAIC) at 1-800-4-FED-AID (1-800-433-3243).

Check out the Loan Simulator at to make sure you are on the best repayment plan, especially if your financial situation has changed during the COVID-19 emergency.

Contact your loan servicer to restart auto-debit, sign up for auto-debit for the first time, or understand the easiest options to make a payment. Direct Loan borrowers enrolled in auto-debit receive a 0.25% interest rate deduction on their loans

Check your personal email and postal mail for student loan payment updates-including your monthly payment amount and due date-from your loan servicer and the U.S. Department of Education Office of Federal Student Aid.

Learn how to avoid student loan scams. Federal student loan servicers provide free help with questions or concerns about loan payments.

Borrowers should visit for more information about the end of the COVID-19 payment suspension.

If you have questions about the information in this page please contact the Office of Financial Aid at or call 937-393-3431 ext. 2515.