Two major student loan grace periods are set to expire this week. Here's what to know

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Two major student loan grace periods are set to expire this week. Here's what to know
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Two federal programs that helped federal student loan borrowers ease back into payments are ending. It will have the biggest impact on borrowers with defaulted loans or borrowers who miss payments moving forward.

Two federal measures designed to help student loan borrowers with their payments are set to expire this week.

The grace period for missed or late payments will sunset Monday. The deadline for the program for defaulted loans, known as Fresh Start, is now Wednesday.These two supports were only made to last about a year. Starting in October, borrowers with delinquent payments or defaulted loans will be at risk once again of consequences like having their wages seized or negative credit reporting., remains on hold due to legal challenges brought by Republican-led states.

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