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When do student loan payments restart?

Student loan payments have been postponed for while now.

student loan debt

However, they are set to resume August 31, 2022.

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Loan payments

Student loan payments have been deferred a few times now, thanks to the COVID-19 pandemic. Students haven’t been required to pay on their loan debt, and it hasn’t been accruing interest. However, payments are scheduled to restart August 31 this year. Read more about it here.

It is unlikely that there will be another  extension from the government. It may be wise to start arranging your finances to accommodate for the upcoming payments. There are many repayment options available.


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