Federal student loan payments are starting again. Here's what you need to know

Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic.

You should expect a bill that lays out how much you have to pay each month at least 21 days before your due date. It's likely that most borrowers have received their bill already but if you have not, visit your loan servicer account. Interest started accruing again in September.

More Info HERE

You Might Be Able to Use Your Employee Benefits for Student Loan Payments

Student loan payments are starting back up soon, and while some borrowers may get a break on their monthly bill, the burden on budgets will increase for many. If your workplace offers employee benefits, you may be able to claim more than $5,000 in tax-free assistance toward your student loans. Here’s how to tap your employer’s educational assistance program.....MORE

Student loan payments start soon: Everything you need to know

The student loan payment pause is coming to an end on Friday, September 1.

This comes after the Supreme Court ruled back in June that President Biden did not have the authority to cancel student loan debt. The federal pause on payments then had 60 days to come to an end.

During the pause, payments weren’t required and interest didn’t accumulate for borrowers. Interest will begin accruing on Friday for the first time since March 2020, and payments will resume in October for borrowers across the country.

More Info HERE