Student Loan grace period ends

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What you need to know about the grace period for student loan payments that just ended

Summary

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72% Informative

The 12-month grace period for student loan borrowers ended on Sept. 30 .

The "on-ramp" period helped borrowers who are struggling to make payments avoid the risk of defaulting.

Around 43 million Americans have student loan debt, amounting to $1.5 trillion .

Borrowers who don’t pay risk delinquency and eventually default.

In August , the Supreme Court kept on hold the SAVE plan, the income-driven repayment plan that would have lowered payments for millions of borrowers.

The Fresh Start program, which gave benefits to borrowers who were delinquent prior to the pandemic payment pause, also closed on Sept. 30 .

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informal

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English

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