The three-year pause in repaying federal student loans is coming to an end soon. Since March 2020, borrowers have not had to make monthly loan payments because of the COVID-19 pandemic. But interest on federal student loans has started accumulating again and payments will be due starting in October. The Education Department encourages borrowers to […]
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Federal student loan interest starts accumulating after 3-year pause
The three-year pause in repaying federal student loans is coming to an end soon. Since March 2020, borrowers have not had to make monthly loan payments because of the COVID-19 pandemic. But interest on federal student loans has started accumulating again and payments will be due starting in October. The Education Department encourages borrowers to log in to their account and verify the amount of their payments. More than 40 million Americans owe money on their federal student loans.