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Important Updates

Prepare for Student Loan Payments to Restart

Prepare for Student Loan Payments to Restart 

Source: https://studentaid.gov/announcements-events/covid-19

Federal student loan payments restart after August 31, 2022. Start preparing now for repayment to begin with the steps below: 
 
  • Log in to your loan servicer’s website or mobile app to make sure your contact information is current.
    • Don’t know who your loan servicer is? To find out, visit your account dashboard by logging in to StudentAid.gov/login.
      • Find the “My Aid” section and select “View loan servicer details.”
      • You can also call the Federal Student Aid Information Center (FSAIC) at 1-800-4-FED-AID (1-800-433-3243). 
  • Use Loan Simulator to make sure you’re on the best repayment plan.
    • The best plan for you may be different now if your financial situation has changed during the COVID-19 emergency. 
    • Visit the Loan Simulator webpage, select your current situation and log in to begin.
  • Contact your loan servicer to restart auto-debit.
    • Sign up for auto-debit for the first time, or find out the easiest way to make a payment.
      • Direct Loan borrowers who use auto-debit get a 0.25% interest rate reduction on their loans. 
  • Check your email and postal mail for student loan payment updates.
    • Watch for updates from your loan servicer and the U.S. Department of Education’s Office of Federal Student Aid.
      • The updates could include your monthly payment amount and due date. 
  • Learn how to avoid student aid scams.
    • Visit StudentAid.gov/scams.
    • Your servicer will also provide free help with your questions or concerns about loan payments. 

 


Visit StudentAid.gov/coronavirus for more information about your federal student loan payments restarting. 

If you have questions, you can contact the office of Federal Student Aid at StudentAid.gov/contact or by calling FSAIC at 1-800-4-FED-AID (1-800-433-3243). 

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