Shutdown Student Loans for Feds Act

HR 5843, the "Shutdown Student Loans for Feds Act," would pause federal student loan payments for eligible federal employees and certain contractors during any government shutdown lasting 14+ days. It prevents interest from accruing on these loans during the pause and counts the paused months toward loan forgiveness eligibility under existing programs. The bill also requires credit agencies to treat paused payments as if they were made on time. This applies to shutdowns occurring in fiscal year 2026 or later, with retroactive effect covering shutdowns starting September 30, 2025, and potential refunds for payments made during those periods.