The pause on federal student loan payments is still set to end later this year, Education Secretary Miguel Cardona confirmed this week
The pandemic-related pause has been in place for more than three years and has been extended eight times – even sometimes after the Biden administration declared the latest extension was final. But Cardona reiterated Tuesday that the current timeline remains in place. It ties the restart date to litigation over the administration’s separate, one-time student loan forgiveness program, which has been taken up by the Supreme Court.
Restarting payments will be an unprecedented task When the pause ends, roughly 44 million people will have to restart making payments on their federal student loans, and there is some concern about whether the process will go smoothly. Many people may be confused about how much they owe, when to pay and how. Millions of borrowers will have a different servicer handling their student loans since the last time they made a payment. Missing payments can result in monetary fees.
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