On Dec. 22, 2021, the U.S. Department of Education extended the student loan payment pause through May 1, 2022. The pause includes the following relief measures for eligible loans:

  • a suspension of loan payments
  • a 0% interest rate
  • stopped collections on defaulted loans

Here are three steps to make sure you’re prepared for student loan payments to resume:

Students who are enrolled at least half-time will be reported as enrolled for in-school deferment. Students who are enrolled less than half time or not enrolled will go into repayment. For the latest information, please visit studentaid.gov/announcements-events/covid-19.