Interest on student loans is back: Here’s what to know
by Lexi Lonas - 09/01/23 5:30 AM ET
After more than three years, interest on student loans is back on beginning Friday, part of the Biden administration’s “on-ramp” repayment plan.
The start of September brings the return of interest on the loans, which unlike other types of debt accrues daily instead of monthly.
Like payments on the loans, the interest had been on a pause that began at the start of the coronavirus pandemic and was renewed several times.
While payments themselves don’t resume until October, here is what borrowers need to know as interest resumes:
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https://thehill.com/homenews/education/4181105-interest-on-student-loans-is-back-heres-what-to-know/
