The Student Loan Pause Is Officially Ending — Here's What to Expect
By:
Adam Hardy
Adam Hardy
Lead data journalist | Joined May 2024
Has also written:
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Editor:
Julia Glum
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After a pause of more than 40 months, student loans held by the U.S. government will begin accruing interest Friday.
As of Sept. 1, the waiver on student loan interest has officially ended after being in place since March 2020, when then-President Donald Trump first halted interest accrual through an executive order that aimed to provide economic relief to borrowers as they grappled with the onset of the pandemic.
The pause essentially froze federal student loan balances for roughly 40 million borrowers, saving them an estimated $5 billion a month in interest alone. Now, three and a half years later, interest is starting to accumulate again for most federal student loans again. Here’s what borrowers need to know.
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