DCC Wire: What You Need to Know About the End of the Student Loan Grace Period
Wednesday, 2 October 2024, 06:30
The Impact of the Grace Period Ending
The grace period allowed borrowers to avoid default, but with its conclusion,
Consequences for Borrowers
Borrowers must prepare to resume payments, which can affect their credit scores if not managed carefully.
- Review your loan terms
- Budget for upcoming payments
- Consider repayment options
Key Considerations
With the end of the grace period, borrowers should reassess their financial strategies to ensure timely payments.
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.