An official end to the federal student loan payment pause was codified into law on June 3 along with the debt ceiling agreement through the Fiscal Responsibility Act signed by President Biden. No more extensions can be made, as the official end is 60 days after June 30, 2023. The U.S. Department of Education is determining the details as to when borrowers will be required to make their first payment, following the three-year pause.
The hurdles facing borrowers will be numerous. But, overcoming them is achievable when solid support and guidance is available. We encourage you to use this opportunity to embrace our support solutions and make the impending rough road a little easier for your alumni, employees, or members. For more than 55 years, our partnerships with higher education institutions, employers, and professional trade associations have helped millions overcome student loan debt.
Everyone is invited to attend. We’ll cover the changes borrowers may have missed while on pause, what to expect when entering repayment, and how to overcome the hurdles to repayment success.
