Student Loan Pause Is Ending: Here Is The Timeline You Need To Know

If you had high hopes for Biden’s student loan forgiveness plan or for the pandemic-era payment pause on federal student loans to be extended again, you probably feel like nothing is going your way right about now.

The administration is saying they’re going to use the Higher Education Act of 1965 to push through some other amount of loan forgiveness, but that will likely meet the same fate as the last forgiveness attempt. The fact is, federal student loan payments will once again be due later this year, and interest will start accruing again after being fixed at 0% since March of 2020.