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Yes, student loan payments will continue during a government shutdown

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But if the stoppage lasts for weeks, borrowers can expect longer call wait times.

To ease borrowers back into repayment, the Biden administration is offering a 12-month grace period in which any missed loan payments won’t be reported to the credit agencies, although interest will continue to accrue on the debt.The administration is also encouraging borrowers to enroll in its new income-driven repayment plan — Saving on a Valuable Education, commonly known as SAVE.

“We are doing everything we can to support borrowers through this process,” Kvaal said. “We know it’s a challenging time for many, that there’s confusion, that there’s anxiety. There will still be information available onWhat to know about a possible government shutdown

 

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Yes, you are still responsible for paying your student loans during a government shutdownStudent loan repayments will resume in October — and interest will continue to accrue — even if the federal government shuts down.
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