Payments Paused Through August 2022

April 6, 2022

Updated 11/28/22: Since this blog post was published, payments and interest on federally-held student loans are now set to resume 60 days after a court decision on President Biden’s forgiveness program. If no decision has been issued by June 30th, 2023, payments will resume 60 days later.

On April 6, 2022, the Biden Administration announced that the freeze on federal student loan payments and interest would be extended through August 31, 2022.

We're here to help you to find your student loan zen! Read on for how to navigate the months ahead.

What Does This Mean For My Loans?

If your federal student loans already qualify for the CARES Act, you won't have payments due until September 2022 and interest won't accrue on your loans.

Is There Anything I Need To Do?

This extension will be applied automatically, so there's nothing you need to do right now. But before loan payments resume, make sure you have a plan for how to re-start loan payments. If you need to lower your monthly payment, this is a great time to enroll in Income-Driven Repayment (IDR) before loan servicers get overwhelmed with paperwork. If your loans are in default, now is a great time to get your loans back into good standing while there are extra protections in place.

What about Public Service Loan Forgiveness?

Like previous extensions, these extra months will also count toward forgiveness programs like Public Service Loan Forgiveness (PSLF). The Limited Waiver is still set to expire in October 2022 though, so make sure you’ve completed all the necessary next steps by then so your past payments count toward forgiveness.

Anything else I should know?

A special note for borrowers with loans at FedLoan Servicing, Granite State and Navient: These loan servicers have announced that they're not renewing their contracts with the Department of Education, so it's possible you'll have a new loan servicer by the time payments resume. Keep a close eye out for any information about the transition from your loan servicer and the Department of Education. Summer will also reach out with updates as they're announced!

Lastly, it's worth noting that student loan scams are still at an all-time high. You can protect yourself by dealing with your loan servicer directly and contact Summer anytime for questions about the integrity of an email, letter, or text from a company claiming to represent your student loans.

Regardless of what happens in the student loan world between now and September, our team is here for you! Reach out at with any questions.

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