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Itap almost time to resume student loan payments. Not doing so could cost you

More than 40 million Americans will have to start making payments again under the terms of a debt ceiling deal approved by Congress

Columbia University class of 2020 graduates pose for photographs on Commencement Day on Wednesday, May 20, 2020, in New York. After three years, the pandemic-era freeze on student loan payments will end in late August. It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits. (AP Photo/Frank Franklin II, File)
Columbia University class of 2020 graduates pose for photographs on Commencement Day on Wednesday, May 20, 2020, in New York. After three years, the pandemic-era freeze on student loan payments will end in late August. It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits. (AP Photo/Frank Franklin II, File)
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After three years, the pandemic-era freeze on federal student loan payments will end in October. It might seem tempting to just keep not making payments, but the consequences can be severe, including a hit to your credit score and exclusion from future aid and benefits.
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