The student loan pause won’t last forever. Get ready for repayment.

The latest pause includes major new assistance for borrowers who were in default before the pandemic

Demonstrators in D.C. mark the second anniversary of the student loan payment pause last month. (Paul Morigi/Getty Images/MoveOn)

Four more months.

That’s how long federal student loan borrowers have before their loan payments start up again. Or maybe not.

It’s possible another repayment reprieve may stretch the loan pause until the end of this year. But, even if that happens, if you have federal loans, it’s time to start planning for the day when your payments will need to be paid.

Here’s what you need to know about the most recent extension, including major relief for borrowers who were in default before the payment pauses began.

Biden extends federal student loan payment pause through Aug. 31