Will the Student Loan Pause Be Extended Again?

Will the Student Loan Pause Be Extended Again?

Truly no one knows!

We can say that the number one question student loan borrowers are asking our Champion Student Success Mentors is: “When will I have to start making payments?” We are powerless to answer this question. Why? Because as of August 16, 2022, the Biden Administration has issued no guidance for borrowers on restarting payments. It’s heartwrenching to know that millions of Americans cannot make an accurate budget through the end of 2022 because no one knows what will happen!

While we wait for answers, here are some helpful articles about managing repayment strategies during the COVID pause.

• Student Loan Payment Pause: If Biden Extends Student Loan Relief, Expect These 5 Things

• Why Continuing to Make Student Loan Payments During the Covid Pause Is Smart

• Avoiding Scams from Student Loan Debt Relief Companies

• Making Principal Payments on Student Loans