Tags: college students, Debt, Department of Education, Education, Education Department, Joe Biden, Student loan debt, Student loan forgiveness, Student Loans, students, Universities
THE DEPARTMENT OF EDUCATION HAS EXTENDED ITS DEADLINE FOR THE FRESH START PROGRAM FOR DEFAULTED STUDENT LOAN BORROWERS UNTIL *WEDNESDAY* MORNING.
THE DEADLINE *WAS* SUPPOSED TO BE MONDAY, SEPTEMBER 30-TH… BUT THE DEPARTMENT PUSHED IT BACK TO OCTOBER 2-ND BECAUSE OF AN ISSUE ON ONE OF THEIR WEBSITES.
THE FRESH START PROGRAM IS OPEN TO ONLY A LIMITED NUMBER OF STUDENT LOAN BORROWERS… AND WILL PUT THEM BACK IN GOOD STANDING ON THEIR LOANS – AVOIDING THE IMPACTS OF DELINQUENCY AND DEFAULT, LIKE TAKING A HIT ON THEIR CREDIT REPORT, WAGE GARNISHMENT, AND THE POTENTIAL FOR HAVING THEIR SOCIAL SECURITY BENEFITS WITHHELD IN THE FUTURE.
THE EDUCATION DEPARTMENT SAID AS OF 20-22 – THERE WERE ABOUT 7 POINT 5 MILLION FEDERAL STUDENT LOAN BORROWERS IN DEFAULT.
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