Federal Student Loan Payments Resume: What Borrowers Need to Know

End of Student Loan Payment Pause

• 🗓️ After five years of pauses, legislation, and lawsuits, the federal government is changing course on student loan payments.
• ⚠️ The Trump administration initially paused payments in March 2020 due to the pandemic, a pause later extended by the Biden administration.

Consequences for Defaulted Loans

• 🚨 Currently, over 5 million people are in default on their federal student loans, meaning they haven't made a payment in nine months.
• 💸 Starting today, these individuals may face consequences such as tax refunds, federal salaries, and other benefits being withheld.
• ⚖️ After a 30-day notice, wages could be garnished.

Borrower Confusion and Next Steps

• 🤯 Many borrowers are experiencing