With the payment pause ending this fall, 45 million student loan borrowers across the country will be scrambling to figure out how to manage their federal student loans when payments come due.
Student Loan Borrower Assistance: What Borrowers Need to Know About the New Time-Limited Fresh Start Initiative
Stuck in default on your federal student loan? Advocates with NCLC’s Student Loan Borrower Assistance project explain what borrowers need to know about the new time-limited Fresh Start initiative to help borrowers get out of default. Roughly 20% of the 43 million Americans holding federal student loans are in default. For many, getting out of…
Key differences between the 2016 and 2019 Borrower Defense rules.
The federal government has extraordinary powers to collect federal student loans if borrowers don’t pay. This article explains consumer rights to cancel, reduce, or delay federal student loan payments. Also covered are ways to get out of default short of paying past due amounts, how to respond to the government’s collection methods, and rights concerning private student loans.