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Student loans news: See update on when interest, payments will restart in 2023

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Borrowers with student loan debt will see their loans start accruing interest again beginning Sept. 1, according to a spokesperson for the U.S. Department of Education. The date payments will be due for borrowers varies.

Advocates of student debt cancellation rally outside the U.S. Supreme Court in Washington, D.C. on Feb. 28, 2023. Interest on federal student loans will begin accruing again Sept. 1, with payments set to resume in October, according to a Department of Education spokesperson.WASHINGTON, D.C. – The U.S.

Borrowers with student loan debt will see their loans start accruing interest again beginning Sept. 1, and payments will resume beginning in October, a spokesperson for the Education Department toldWith that said, when exactly payments will be due for borrowers varies based on individual loan servicers and how they handle the restart, according to ABC. More details are expected to be shared in the coming months, the spokesperson said.

This updated timeline matches the Biden administration’s previous decision to restart student loan payments

 

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It's Official: Student Loan Payments Will Restart in October, Education Department SaysThe U.S. Department of Education says student loan bills “will be due starting in October.” Interest on their debt will begin accruing even sooner.
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