Story perspectives

Student Loan Payments Resume: 10 Million Face Default Risks

6/10/2025

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Summary

Story summary

Federal student loan payments resumed after the on-ramp period ended on September 30, 2024, increasing default risks.
Nearly 10 million borrowers may face default this summer; 5.6 million are already 91-180 days overdue.
Options to prevent default include income-driven repayment plans, forbearance, and deferment.
Borrowers should verify their loan status and reach out to servicers for help.
Additional support is available through resources like studentaid.gov and local legal aid.

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Story summary

Federal student loan payments resumed after the on-ramp period ended on September 30, 2024, increasing default risks.
Nearly 10 million borrowers may face default this summer; 5.6 million are already 91-180 days overdue.
Options to prevent default include income-driven repayment plans, forbearance, and deferment.
Borrowers should verify their loan status and reach out to servicers for help.
Additional support is available through resources like studentaid.gov and local legal aid.