![Biden Issues Last-Minute Extension to Student Loan Fresh Start Program [Video]](https://smallbizsage.com/wp-content/uploads/2024/10/mp_316940_0_bidenjpg-scaled.jpg)
President Joe Biden issued a last-minute extension for student loan borrowers, but they must act fast to be included under the Fresh Start program.
Now borrowers have until 3 a.m. EST Wednesday to join the program, which could help Americans evade default and use other student loan forgiveness tools. The original deadline for the program was Monday, but borrowers now have two more days to apply due to web issues that crashed or significantly slowed applications for many borrowers.
“Extended deadline!” wrote Department of Education Undersecretary James Kvaal on X, formerly Twitter, on Monday. “Until tomorrow, borrowers with defaulted loans have one more chance to get back into good standing.”
What Is the Fresh Start Program?
The Fresh …
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