The U.S. Department of Education says student loan payments "will be due starting in October." Interest on their debt will begin accruing even sooner.

Former President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy.

The pause has since been extended eight times.

The Education Department notes on its financial aid website that “Congress recently passed a law preventing further extensions of the payment pause.”

The Education Department says borrowers will be expected to make their first post-pause payment in October. Meanwhile, interest will start accumulating on borrowers’ debt again on Sept. 1, the department says.

  • zarathustra0@lemmy.worldEnglish
    5·
    1 year ago

    Well, you lot over in the USA clearly get value for money from universities. Just curious, do you have to upgrade to a PhD to learn about the other countries in the world?

      • angrymouse@lemmy.worldEnglish
        1·
        1 year ago

        I should post here that the local community near my home is hosting parties since its part of the world? I know that is hard for US citizens to believe but sometimes the world does not revolve around you and your local affairs.

  • bumbly@readit.buzz
    22·
    1 year ago

    Graduates had 3 years to find a new place to live and leave the USA behind🤷

  • Protegee9850@lemmy.worldEnglish
    12·
    1 year ago

    It’s been “official” that it’s going to restart time and time again. Hold the line. Keep raising hell. They won’t dare turn payments on again a month before an election