The end of the Federal Student Loan pause is near! Starting September 1st, 2023, interest will resume on loans, and payments will be due in October 2023. It's time to take action and prepare for the upcoming changes.
The end of the Federal Student Loan pause is near! Starting September 1st, 2023, interest will resume on loans, and payments will be due in October 2023. It's time to take action and prepare for the upcoming changes.
For the past 39 months, many of you have enjoyed the benefits of Administrative Forbearance with $0 payments and 0% interest. However, it's important to be aware that this temporary relief is ending soon. While there have been extensions and proposals for forgiveness, it's time to face reality and plan for your payments.
But don't worry! The Department of Education has options available to help you.
There is a waiver in place for a one-time account adjustment that could result in discharge before payments are due. So, don't ignore the notices you'll receive via email and mail. It's crucial to explore your options and make informed decisions.
Consider Income-Driven Repayment plans and keep an eye out for the Revision to Revised Pay As You Earn in 2024.
These programs can make your loans more affordable, with payments based on a percentage of your income above the Poverty Guideline Index (usually 10-20%).
If your income is currently lower than last year's taxes, you're unemployed, or you've experienced a drop in income, your payments could be as low as $0 per month!
And yes, these payments still count towards loan forgiveness and maintain your on-time monthly payments on credit reports.
To navigate through the complexities of Federal Student Loans, we highly recommend consulting one of our Tutors. We can guide you through the various options available and help you maximize your benefits and subsidies.
Remember, having a sound Student Loan Financial strategy is crucial.
Act now and be prepared for the end of the loan pause.
Your financial future awaits!
Schedule a free evaluation of your Student Loans
Looking for more information about how to navigate the terrain of student loans? Check out more of our most recent blog posts.
February 16, 2026
Auto-debit, re-certification, and timing can directly impact your monthly student loan payment and total costs. Paying attention to these small details helps you avoid mistakes and stay in control of your repayment plan...
February 9, 2026
Student loan payments can change even when your income stays the same due to factors like repayment plan rules, interest capitalization, family size changes, and loan servicer recalculations. Understanding these causes helps borrowers catch errors, avoid surprises, and choose the most cost-effective repayment strategy...
February 2, 2026
Federal student loan payments in 2026 are based mainly on income and family size, not loan balance. Knowing what you can control helps keep payments as low as possible.
