Here’s how to qualify for a fresh start on your student loans.
Here’s what you need to know.
Student Loans
There’s the student loan payment pause, student loan forgiveness, student loan cancellation and now a new plan to help millions of student loan borrowers get a “fresh start” on their student loans.
Student loans: fresh start for student loan borrowers
The U.S. Department of Education is helping student loan borrowers who are in student loan delinquency or student loan default get a fresh start on their student loans.
Student loan delinquency
A borrower is in student loan delinquency the first day after missing a student loan payment. After at least 90 days of missed student loan payments, your student loan servicer will report the delinquency to the three major credit bureaus: Equifax, TransUnion and Experian.