Washington CNN —
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.
After several extensions by both the Trump and Biden administrations, the pause will finally expire this fall after Congress prohibited the president from extending it another time.
Restarting payments all at once for so many borrowers will be an unprecedented task. Here’s what borrowers need to know:
When does interest resume?
