Returning to Repayment
The U.S. Department of Education has announced that the student loan payment pause is extended until the U.S. Department of Education is permitted to implement the debt relief program or current litigation is resolved. Payments will restart 60 days later. If the debt relief program has not been implemented and the litigation has not been resolved by June 30, 2023 - payments will resume 60 days after that. Borrowers before will be notified before loan repayment restarts.
Federal student loan borrowers should start preparing now to return to repayment. Check out these Information Guides**:
- How to Prepare for Successful Student Loan Repayment
- How to Pick the Right Repayment Plan
- Tips & Tricks to Prepare for Student Loan Repayment
- Helpful Resources to Prepare for Student Loan Repayment
**Guides courtesy of the National Association of Student Financial Aid Administrators (NASFAA) May 2023.