US federal student loan borrowers have until Sep 30, 2024 to resume payments without credit consequences. Missed payments during this "on-ramp period" won't be reported as defaults, but interest will continue to accrue. Eligibility extends to those who qualified for the pandemic-related payment pause. No application necessary. Typically, a loan becomes delinquent the day after a missed payment, which can damage credit if not rectified within 90 days. Loan defaults occur after 270 days without pay, leading to severe financial repercussions. The end of the pandemic pause in September 2021 meant interest resumed accruing, potentially increasing a borrower's debt over time. Missed payments may also affect eligibility for loan forgiveness programs. Borrowers are advised to consider income-driven repayment plans and can explore the new SAVE (Saving on a Valuable Education) plan for lower-income borrowers.