NAICU Washington Update

Student Loan Repayment Transition Information Released

October 29, 2021

The Office of Federal Student Aid (FSA) released information to help borrowers transition back into repayment once the current student loan repayment pause ends on January 31, 2022. FSA recommends that borrowers update their contact information in their profile on their loan servicer’s website and in their profile.  It also recommends that borrowers research repayment plans that will best meet their goals, paying specific attention to the income-driven repayment plans. 

Borrowers are also encouraged to contact their student loan servicer regarding the amount that will need to be repaid.  Borrowers will receive a notice at least 21 days before any payment is due. 

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