San Diego.- After a three-year pause in federal student loan payments, interest payments will resume starting this Friday.
As of September 1, 2023, interest on all loans resumes, however, the first payment is due after October 1.
The two-step approach to restarting the student loan system seeks to create a smooth and safe transition for both borrowers.
Additionally, the government will grant a year of grace to begin payments, in which the loan will not be defaulted. There is also a new payment plan that could lower monthly payments for people, depending on their income.
2023-09-01 22:35:39
#Payments #interest #resume #federal #student #loans #KSDY
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