Credit: New Africa/Adobe Stock

The CARES Act of 2020 not only paused interest on federal loans but paused payments for loan holders. The idea was to give student loan borrowers a break given the uncertain financial climate of the pandemic. The date upon which loans were to resume has been pushed back multiple times, but as part of the debt ceiling deal made in early 2023, federal loans will resume starting October 1st.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.