The end of the grace period comes as the fate of a generous student loan repayment plan, created by the Biden administration last year, is uncertain. The SAVE (Saving on a Valuable Education) plan is currently on hold as litigation plays out. A hearing is scheduled for October 15 at the 8th US Circuit Court of Appeals.

The Fresh Start program, which gave benefits to borrowers who were delinquent prior to the pandemic payment pause, also closed on Sept. 30. During this limited program, student loan borrowers who were in default prior to the pandemic were given the ...

When student loan payments resumed in October 2023, the U.S. Department of Education announced a temporary grace period through Sept. 30, 2024.