Student Loan Repayment Resumes Amidst Uncertainty.

The payment pause on federal student loans will end on September 1, 2023, after being extended eight times since March 2020. Borrowers should ensure their loan servicer has their latest contact details and be prepared for payments to restart. Those who miss the first payment can contact their servicer to make arrangements to become current. Borrowers have many options, including fixed payment plans, income-driven repayment plans, and last resorts like deferment or forbearance. The Biden administration has proposed a less expensive income-driven plan that could reduce payments for millions of borrowers by more than half. Borrowers need to be on high alert for scam artists offering debt relief and other services.