Recent Changes to Federal Student Loan Policies: What Borrowers Need to Know
In recent years, there have been significant changes to federal student loan policies, impacting millions of borrowers across the United States. Whether you’re currently repaying your loans, planning to borrow for education, or hoping to qualify for forgiveness, understanding these updates is crucial. This article outlines the most important changes and what they mean for borrowers. 1. Restart of Loan Repayments After COVID-19 Pause One of the most significant developments is the end of the COVID-19 payment pause. Since March 2020, federal student loan payments and interest accrual have been suspended, providing relief to millions of borrowers. However, this temporary pause has ended, and payments have resumed to Aidvantage Login . Borrowers should ensure they are prepared for this change by reviewing their loan details, confirming their payment due dates, and updating their budget to accommodate these payments. What You Need to Do: Log into your loan servicer’s website to verify...