For the first time in more than three years, federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause, which went into effect in March 2020, provided relief to nearly 44 million borrowers by freezing their accounts.
Since March 13, 2020, federal student loan borrowers have enjoyed 0% interest rates and paused payments. But this Friday, interest will begin accruing again ahead of payments that restart in October..
If you have federal student loans and are in an industry sidelined by strikes, here's how you can have your payments based on your current, lowered earnings.