The Department of Education (DOE) extended its deadline for the Fresh Start program for defaulted student loan borrowers until the morning of Wednesday, Oct. 2. The deadline was supposed to be Monday, Sept. 30, but the department pushed it back because of an issue on one of its websites.
The Fresh Start program is open to only a limited number of student loan borrowers. It 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 2022, there were about 7.5 million federal student loan borrowers in default.
People can apply for the Fresh Start program here.
