Student loan payments resume Oct. 1 even if government shuts down

(CBS NEWS) – Millions of Americans with student loans will need to resume payments starting October 1, even in the case of a U.S. government shutdown that could start that same day, according to Education Department officials.

House Speaker Kevin McCarthy is running out of time to pass spending measures by Saturday night, when the federal fiscal year draws to a close. Without such measures, the government will shut down on Sunday, causing millions of federal workers to be furloughed and many government services to be halted.

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Student loan repayments aren't among those services that will be paused, officials said.

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