Student loan payments are resuming, and time is running out.
Millions of borrowers are only days or weeks away from having a student loan payment due for the first time in years. For over 40 months, the Covid-era student loan pause suspended most federal student loan payments and froze interest, resulting in unprecedented student debt relief. But Congress passed federal spending legislation earlier this year that mandated the end of the moratorium. Student loan payments have started up again, and the first payments are due in October.
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