Student loan repayment due dates

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Federal student loan payments are due to resume in October 2023 after a pause due to the COVID-19 pandemic. The exact due date will depend on your loan servicer and your individual loan terms. You should receive a bill with your payment amount and due date at least 21 days before your payment is due136. If you graduated recently and are currently in your loan grace period, your payments may be due later2. You can find your loan servicer and more information about your loans by logging into StudentAid.gov3. It's important to note that interest on federal student loans started accruing again on September 1, 202325. If you're worried about affording your payments when they restart, it's recommended to contact your loan servicer to discuss alternatives. You may be able to lower your monthly payment by applying for an income-driven repayment plan3. The Biden administration has also introduced a 12-month "on-ramp transition period" for borrowers after payments resume. During this period, borrowers will have time to adapt to the new payments without the risk of their loans being sent to collections or entering default245. In addition, the Education Department has said it will not report any missed payments during this period to the credit bureaus or debt collection agencies, meaning missed student loan payments during this time won't hurt credit scores6. However, interest will continue accruing on your loans, so it's a good idea to pay what you can even if you can't cover the full monthly payment35. If you're unsure about your exact due date or have any other questions about your student loan repayment, it's recommended to contact your loan servicer or log in to StudentAid.gov for more information5.
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