Some student loan borrowers have extra time before payments restart. Here's why

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The Biden administration has made it clear that student loan borrowers’ payments will restart in October. But some people may have a little more time.

Recent graduates, meanwhile, may also get more time if they're still in theirHow to get ready for your student loan payment

Ahead of your due date, you want to make sure you are familiar with your loan servicer and the payment amount you'll owe. The typical federal student loan bill is $350 a month.prior to Covid and still are, your monthly payment should not have changed. However, borrowers repaying their loans in an income-driven plan could see a different monthly obligation if their income has increased or decreased since three years ago.

 

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