Student loan payments expected to resume in October

Taylar Ansures June 12, 2023

Last Updated: June 12, 2023

(CNN) – Tens of millions of borrowers with federal student loans will have to restart payments in October.

The Department of Education is clarifying that interest will resume September 1.

That’s roughly when the Biden Administration says its pandemic pause is set to end, unless the Supreme Court Rules on a separate loan case.

The debt ceiling bill bars President Joe Biden from another extension.

The DOE says it will reach out to borrowers with more information, and they can check the federal student aid website.

Taylar Ansures June 12, 2023

Taylar Ansures

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Taylar Ansures is a producer and reporter for NBC5 News. Taylar is from Redding, California and went to California State University, Chico. After graduating, she joined KRCR News Channel 7 in Redding as a morning producer. She moved to Southern Oregon in 2022 to be closer to family and became KTVL News 10’s digital producer. Taylar is currently finishing her Master's Degree in Professional Creative Writing through the University of Denver. In her free time, Taylar frequents independent bookstores and explores hiking trails across Southern Oregon and Northern California.