Student Loan Payments Set to Resume in September After 3-Year Hold

Federal student loan payments will resume by September 1, 2021, ending the moratorium that was first instituted in March 2020 due to the pandemic.
Payments would resume 60 days after the Supreme Court makes its decision, or 60 days after June 30, whichever happens first.
Biden will no longer have the authority to extend the current student loan pause, meaning payments will resume for over 40 million borrowers.
Interest rates will start accruing again after August 29, and most federal student loan interest rates will revert back to the rates they were prior to the pause.
The Biden administration is considering other flexibilities to ease borrowers' transition back into repayment, such as a grace period and writing off small loan balances of $100 or less.