This is the first payment pause extension that comes with a “fresh start” for borrowers whose loans are in default. stored of the Department away from Knowledge, these loans will no longer be in default upon the expiration of the payment pause.
Details about the brand new stop and then procedures will continue to been from the Agencies of Training. As ever, you can examine towards current perhaps notices.
While you are already during the an LRAP offer…
Choice step 1 : You can hold on to your LRAP funds for now and utilize the forbearance by not making federal student loan payments. You will owe back any unused LRAP funds to UC Berkeley at the end of your LRAP contract. Feel free to contact us if you’d like an estimate of that amount ahead of time.