The Future Situation
There is a possibility that Biden’s officials might extend the student loan payments till after the mid-term elections in November, but lately, the political sentiment is moving toward having students resume payments for the sake of the economy. No matter what happens, you should start preparing for repayments starting in September.
Several large servicers like FedLoans and Navient are no longer servicing student loans and millions of people have been “re-assigned” to a new servicer that you will need to set-up for an account and make sure your payment history is accurate so that you don’t lose payments that you have already made.
In addition, depending on the student loan program you are enrolled in during these past 29 months you may not have to make up the payments if you act now to enroll in a student loan forgiveness program before October 31, 2022.