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When do student loan payments resume?

“The President had the authority to extend the pause because we were in a national emergency,” Betsy Mayotte, president and founder of the Institute of Student Loan Advisors, a nonprofit organization offering free student loan advice, told MarketWatch Picks. “Part of the debt ceiling agreement is that he wasn’t going to extend the pause anymore. It’s hard to say the economy is improving and that people can’t afford to pay their loans.”

Student loans will once again begin accruing interest on September 1, and borrowers will have to resume payments in October.