Repayment on federal student loans is scheduled to begin in October 2023, following an extended repayment pause during the pandemic. Interest on federal student loans will start to accrue on Sept. 1, 2023.

Loan servicers that manage repayment of federal student loans will notify borrowers before payments are due.

Here’s what borrowers can do now so they’re ready for repayment:

• Log in to studentaid.gov and identify your student loan servicer(s).
• Check that your contact information is correct and make any necessary updates.
• Determine what your upcoming repayment amount will be. You may need to log in to your loan servicer’s website or contact them. If your repayment amount is not affordable, consider alternatives, such as an Income-Driven Repayment plan.

You can also check out these Preparing to Pay FAQs, which are also available in Spanish.

If you encounter issues while working with your loan servicer, you can file a complaint with the Colorado Attorney General’s student loan ombudsperson.

As federal student loans return to repayment, there may be an increase in debt relief scams. For tips, see how to avoid scams.

If you had issues making loan payments in the past, you may be able to take advantage of the Fresh Start Initiative, which is a new one-time temporary program to get out of default on your federal student loan.