When will student loan payments resume? [2024 | US]
Student loan interest resumed on September 1st, 2023 and repayments resumed on October 1st, 2023. Don't worry. There is an on-ramp transition period until September 30th, 2024. It's not too late to begin repaying your loans.
In short: They already have.
Many American borrowers in 2024 are still wondering when Federal student loan repayments will start after the COVID-19 payment pause. Student loan interest resumed on September 1st, 2023 and repayments resumed on October 1st, 2023.
Did you miss out on beginning to pay back your loans by the deadline? Don't worry. There is an on-ramp transition period until September 30th, 2024.
According to studentaid.gov, this on-ramp transition period will prevent "the worst consequences of missed, late, or partial payments, including negative credit reporting for delinquent payments for twelve months" which means it's not too late to begin repaying your loans.
Your payments are due, and interest will continue to add up on your account. The federal government will not report your account as delinquent if you do not pay before September. Note that the government does not control how credit scoring companies will treat missed or delayed payments.
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