For more than four and a half years, federal student loan borrowers have had critical flexibilities that protected them from the worst consequences of missed payments and defaults. During the Covid-19 student loan pause, which lasted from March 2020 until September 2023, most borrowers did not have to make any payments on their loans, and interest did not accrue. When payments finally restarted again last fall, the Education Department extended some of the protections of the payment pause through the so-called “on-ramp” program so that even though payments were due, borrowers had wiggle room if they were missed.
But on September 30th, these flexibilities end, and the federal student loan repayment system will revert to a system that many borrowers may not remember, or — for those who just recently entered repayment — are completely unfamiliar with. More than 30 million borrowers who have federal student loans could be impacted. Here’s what to know.
Election poison pill, a gift from a Republican congress.
My PSLF is getting done a full year early due to the various waivers making more months count. Tons of people have gotten relief. Immense amounts has been done to help people.
Of course more can and should be done, but people should also recognize what HAS been done and want more of that.
Just because something isn’t 100% perfect, doesn’t mean anything else would be better. But of course people are idiots.
Election poison pill, a gift from a Republican congress.
My PSLF is getting done a full year early due to the various waivers making more months count. Tons of people have gotten relief. Immense amounts has been done to help people.
Of course more can and should be done, but people should also recognize what HAS been done and want more of that.
Just because something isn’t 100% perfect, doesn’t mean anything else would be better. But of course people are idiots.
I’m talking about it not being restarted.