Major student debt relief programs are set to expire on September 30th, including the Fresh Start federal loan program which effectively allows borrowers to bring student loans out of default status. Financial Attorney and author of “Life and Debt” Leslie Tayne joins Wealth to discuss what borrowers should do as this deadline approaches. Tayne advises eligible individuals to act quickly and sign up for the program before it expires. She notes that the Fresh Start program will bring loans “immediately out of default status,” update the credit report to current, and allow for continued borrowing for these individuals. “It’s always advisable to be proactive with your federal student loans or your private student loans. If you’re struggling, reach out to your lender or the servicer and ask what options are available to you at this time,” she tells Yahoo Finance.
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