Two temporary programs offering relief for student loan borrowers are ending this week: a 'grace period' protecting against negative credit reporting for missed payments and a program to help those with defaulted loans.
A temporary benefit for student loan borrowers that relates to the pandemic pause ends on Monday, while another measure designed to help those with defaulted loans also ends this week. When student loan payments resumed in October 2023, the U.S. Department of Education announced a temporary "on-ramp" period through Sept. 30, 2024.
RELATED: 5 'unnecessary' bills to stop paying in 2024, according to expertsThe deadline for the temporary program to help those with defaulted loans, called Fresh Start, was also extended to Wednesday amid website issues.Under Secretary of Education James Kvaal announced on Monday that defaulted borrowers now have until 3 a.m. ET Oct. 2 to enroll. It had originally been set to end on Monday as well.
Student Loans Default Payments Fresh Start On-Ramp
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Temporary student loan benefit ends Monday – what borrowers should showWhen student loan payments resumed in October 2023, the U.S. Department of Education announced a temporary grace period through Sept. 30, 2024.
Read more »
Temporary Student Loan Benefits End This WeekA temporary 'on-ramp' period that protected student loan borrowers from negative credit reporting for missed payments ends on Tuesday, October 1st. Additionally, the deadline to enroll in the Fresh Start program, which helps those with defaulted loans, has been extended until Wednesday.
Read more »
Temporary student loan benefits ending this week – what borrowers should knowWhen student loan payments resumed in October 2023, the U.S. Department of Education announced a temporary grace period that's ending this week.
Read more »
Here's which Navient student loan borrowers may qualify for relief under $120 million settlementThe Consumer Financial Protection Bureau reached a $120 million settlement with Navient that may lead to compensation for hundreds of thousands of borrowers.
Read more »
Biden administration did not fast-track student loan relief before final rule: officialThe Biden administration three times has sought to forgive federal student debt only to see courts block those efforts after Republican-led challenges.
Read more »
Student Loan Borrowers Will Lose Two Debt Relief Programs in Just DaysTwo COVID-era relief programs will end on September 30, and many borrowers must take immediate action before that date.
Read more »