If you’ve been skipping your federal student loan bills, or you have defaulted loans, your time is running out to get back on track without harsh consequences. Two key pandemic-era relief programs are set to expire on Sept. 30: the student loan on-ramp and the Fresh Start program.
Millions of borrowers are benefitting from the on-ramp or Fresh Start — and some may not know it. To check, log into your studentaid.gov account and review your monthly payment history and loan repayment statuses. If you have missed or late payments, you’re on the on-ramp. If you have a loan listed as in default, you’re benefiting from the Fresh Start program.
In either case, you need to act by Sept. 30. Here’s how.
Student loan on-ramp: Make a plan to deal with your bills
The student loan on-rampbegan Oct. 1, 2023, and lasts until Sept. 30, 2024. It’s intended as a safety net for the …