Student Financial Services

Federal government to restart student loan repayment plans

student financial services, student loans,

icon of a calendarDecember 22, 2021

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Federal government to restart student loan repayment plans in May 2022
Update: On Wednesday, December 21, 2021, President Joe Biden announced an extension to the pause of student loan repayments. Now the anticipated date of restart will be May 1, 2022.

Update to this story: On Wednesday, December 21, 2021, President Joe Biden announced an extension to the pause of student loan repayments. Now the anticipated date of restart will be May 1, 2022.

Many Oakland University students and alumni have had their federal student loan payments suspended since March 2020 due to the COVID-19 pandemic. 

Now, the federal government has announced that its student loan 0% interest period and payment suspension program is scheduled to end on May 1, 2022.

“Currently enrolled student loan borrowers shouldn't be going into repayment until six months after they drop to less than half-time status, graduate, stop-out, or withdraw,” said Nancy A. Fetzer, interim director of Financial Aid. “However, it is important that both current OU students and alumni with student loans start seeking out their personalized plan information and prepare for the restart of their loan repayments.”

Connect with Federal Student via Facebook at https://www.facebook.com/FederalStudentAid/photos/4273564329391333

Still have questions? Contact OU's Student Financial Services department and ask for an adviser appointment to help navigate your concerns.

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