"Important Updates on Resuming Student Loan Payments in October"

1 min read
Source: Fox Business
"Important Updates on Resuming Student Loan Payments in October"
Photo: Fox Business
TL;DR Summary

Federal student loan interest rates will resume in September, and payments will be due starting in October, according to the Department of Education. The student loan pause has been extended multiple times by the Biden administration since March 2020. President Biden has proposed forgiving up to $10,000 in federal student loan debt and up to $20,000 for those who received Pell Grants, a plan that is currently being challenged in court.

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