The Department of Education created an On Ramp to Repayment to provide an additional grace period for borrowers who may have been unable to begin repaying their loans immediately. This period of protection ends on September 30, 2024. After this date, the rules from pre-COVID-19 forbearance will take effect.
- Student loans can fall into delinquency or default
- Missed payments can be reported to credit bureaus
- Credit scores can drop as a result of missed payments
- Missed payments can be reported to debt collection agencies
Learn more and get all your questions answered at Savi’s upcoming webinar on September 4 at 4:00pm ET.