Interest payment on federal student loans restarted at the beginning of September, and the overall payments are due to resume in October.
A little over two weeks before the U.S. government runs out of money, Congress is struggling to come up with an agreement to fund the operations of federal agencies.
Republican House Speaker Kevin McCarthy is struggling to corral his conference to move forward on a string of spending bills that will keep the federal government working past the September 30 funding deadline. Should the stalemate continue, the government will shut down, disrupting the lives of millions of Americans.
One government entity that faces potential disruption is the Department of Education, which is responsible for administering federal loans to students. In past government shutdowns, student loan payments and their administration were immune from a work stoppage at the department.
“Programs with mandatory funding can make obligations and payments during a shutdown.
