Critical Student Loan Repayment And Forgiveness Deadlines Loom In August — And Beyond

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as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. in a matter of weeks. And borrowers are contending with a slew of overlapping deadlines to monitor. The Biden administration has been communicating to borrowers the importance of preparing for the return to repayment. The student loan pause is, after over half a dozen short-term extensions by former President Trump and then President Biden, often issued at the last minute.

But the sheer volume of dates and tasks to keep track of may lead to confusion or missteps. Several of these critical deadlines are coming up within days or weeks. Here’s a breakdown.The student loan pause — which has suspended monthly payments and frozen interest since March 2020 — officially ends on August 31. After that, interest will start accruing again. The first billing statements will be generated in the following weeks, with the first due dates in October.

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