After Three Years, Student Loan Payments Are Back On
Student loan payments officially resume on Sunday after borrowers were let off the hook for more than three years by a pause initiated during the economic turmoil of the coronavirus pandemic.
Despite continued pushback from advocates and concerns about a government shutdown, the Biden administration is turning back on all student loan accounts, and more than 28 million borrowers now have to deal with repayments.
Back in July, a Life and My Finances survey found half of borrowers say they don’t make enough to afford their student loan payments, while only 22 percent at the time had a plan on how to make their payments.
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