The Student Loan Deferment Countdown Begins: When Do You Need to Start Paying Your Student Loans Again?

Student loan deferment is ending - you need to pay attention

After a period of relief due to the COVID-19 pandemic, the student loan deferment is ending. The temporary pause on student loan payments is gradually ending, and it's essential to know when you need to start paying your loans again.

In this article, we will discuss when borrowers are expected to resume their student loan payments and provide tips for a smooth transition from student loan deferment back into repayment.

Student loan deferment

The Timeline for Student Loan Repayment

  1. Federal Loans: For most borrowers with federal student loans, payments are set to resume after a temporary suspension period. The current deadline for the end of this suspension is September 30, 2023. However, it's important to stay informed about any potential extensions or changes that may arise.
  2. Private Loans: Private student loans were not included in the federally mandated suspension, so repayment obligations may have continued throughout the pandemic. If you have private student loans, check with your loan servicer or lender to determine when you are expected to resume payments.
the rule of 72

Tips for a Smooth Transition

  1. Review Loan Documentation: Take the time to revisit your loan agreements, promissory notes, and repayment terms. Familiarize yourself with the specific details of your loans, including interest rates, monthly payment amounts, and due dates. Understanding these aspects will help you plan and prepare accordingly.
  1. Assess Your Financial Situation: Evaluate your current financial standing and consider how the resumption of loan payments will impact your budget. Review your income, expenses, and other financial obligations. If necessary, adjustment your budget to accommodate the upcoming payments.
  1. Create a Repayment Strategy: Develop a clear repayment strategy that aligns with your financial goals and circumstances. Consider repayment options such as standard repayment, income-driven repayment plans, or refinancing. Choose the option that best fits your needs and allows you to manage your loans effectively.
  1. Set Up Automatic Payments: Establishing automatic payments can help ensure timely and consistent payments. Contact your loan servicer or lender to set up automatic debits from your bank account. This way, you can avoid missing payments and potentially benefit from lower interest rates offered by some lenders for autopay.
  1. Explore Repayment Assistance Programs: Investigate if you qualify for any repayment assistance programs, such as loan forgiveness, income-driven repayment plans, or employer-sponsored repayment benefits. These programs can provide relief and potentially reduce your overall loan burden.
  1. Seek Guidance if Needed: If you're unsure about the best course of action or need assistance with managing your student loans, consider reaching out to a financial advisor or student loan counselor. They can provide guidance tailored to your specific situation and help you make informed decisions.

If you know who your service provider is, you can contact them using the list below:

Loan Servicer     Contact Information
Aidvantage 1-800-722-1300
Default Resolution Group 1-800-621-3115
ECSI 1-866-323-3797
Edfinancial 1-855-337-6884
Great Lakes Educational Loan Services, Inc. Now Nelnet
MOHELA 1-888-866-4352
Nelnet 1-888-486-4722
OSLA 1-866-264-9762

(Source: Email from Katie Porter, Dated August 30, 2023)


The number one mistake I see my clients making is that they make assumptions about how much they are supposed to pay and when to start. Contact your service provider to make sure you have the exact amount, payment date and where to make your payment. This can save you a lot of problems down the road.


As the temporary student loan deferments draw to a close, it's important to be aware of when you need to start paying your loans again. By understanding the timeline and taking proactive steps, you can ensure a smooth transition back into repayment. Review your loan documentation, assess your financial situation, and develop a repayment strategy that aligns with your goals. Take advantage of repayment assistance programs and seek guidance if needed. Remember, being prepared and proactive will help you manage your student loans effectively and continue your journey towards financial success.

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