Originally appearing in the Associated Press on October 1, 2024, Adriana Morga talks to Abby Shafroth about the end of the 12-month grace period for student loan borrowers.
“Normally, loans will default if you fall about nine months behind on making payments, but during this on-ramp period, missed payments would not move people towards defaulting and then being subject to forced collections. However, if you missed payments, you still be falling behind ultimately on repaying your loans.”
Abby Shafroth, director of National Consumer Law Center’s Student Loan Borrower Assistance Project.
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