NPR: Student Loan Grace Periods Expire - Essential Information for Borrowers
Monday, 30 September 2024, 14:51
The Impending End of Student Loan Grace Periods
As NPR highlights, the expiration of two crucial student loan grace periods this week brings substantial changes for borrowers. These programs were designed to facilitate a smoother return to repayment, particularly beneficial for those with defaulted loans.
Impact on Borrowers
The conclusion of these grace periods means that borrowers must now brace for payment obligations. This is particularly critical for those who have previously been in default.
Key Steps for Borrowers
- Understand your repayment options.
- Contact your loan servicer for assistance.
- Explore potential deferment or forbearance options.
For more details, visiting the source is recommended for comprehensive insight.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.