Starting September 30, 2024, student loan borrowers risk delinquency and default after payment pause ends.

Starting in October, student loan borrowers who miss payments will risk delinquency and default as reporting resumes. Following the end of a pandemic-related payment pause, the Biden Administration provided a 12-month grace period to help borrowers, which lasts until September 30, 2024. After this date, protections will no longer apply, leaving borrowers vulnerable to financial consequences for missed payments.