Federal student loan payments resume after a three-year pause
NEW YORK (AP) — Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic.
You should expect a bill that lays out how much you have to pay each month at least 21 days before your due date. It’s likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. Interest started accruing again in September.
If you have student loans and haven’t made a payment in the last three years, don’t panic. Here’s what experts recommend:
WHERE DO I START?
The first step is to log in to your StudentAid.gov account and check who your loan servicer is. Many loan servicers changed during the pandemic, so you might have a different one than you did back in March 2020, said Amy Czulada, outreach and advocacy manager at the today!
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