Student Loan Payments Resume

  • Student loan repayments begin again Sunday, on Oct. 1, 2023 after the being suspended during the pandemic.
  • However, President Biden has made changes to the program to try to make repayment easier on borrowers.
  • For example, the administration reduced how fast interest can accumulate on loans and gave borrowers a one-year “on-ramp” period in which late payments won’t be reported to credit bureaus and delinquent loans won’t be put into default or collections.
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