Federal Loan Repayment

Loan Repayment Pause End

The student loan payment pause ended September 1, 2023. Now that the pause is over, interest will once again start accruing on your loans. Students not currently eligible for deferment or forbearance will be entering repayment. Borrowers starting repayment should take a few simple actions to make sure they remain in good standing.

The following quick steps can get you started (click on individual images below to enlarge) . Find out more at .

How to Prepare for Successful Repayment

New Income-Driven Repayment Plan Option
If you are worried about being able to afford your monthly loan payment, checkout the new . This plan is the lowest cost option for most borrowers. Depending on your income, you may even qualify for $0 monthly payments.

The Biden administration's Student Debt Relief Plan
The Biden Administration’s plan to forgive up to $20,000 in student loans has been blocked by the Supreme Court. Applications for this relief are no longer being accepted. If there are any changes in the program status you will find updates on the .

Beware of scams
You might be contacted by a company saying they will help you get loan discharge, forgiveness, cancellation, or debt relief for a fee. You never have to pay for help with your federal student loans. Your loan servicer will be your partner in repayment. You can confirm your loan servicer information at .

Virtual Advisor