Student loan relief program ends for 30 million borrowers | Reset with Sasha-Ann Simons

Student loan relief program ends for 30 million borrowers On Sept. 30, late fees and negative credit reporting for missed payments resume. The COVID pause on student loan repayments was lifted last September, but there was a one-year grace period to ease the transition. So even though payments were due, late payments didn’t come with a late fee and didn’t ding your credit score. Those guardrails are going away. Reset gets details on what this means for borrowers, and how this could impact the economy. GUESTS: Sabrina Calazans, managing director Student Debt Crisis Center Rich Hayes, director of financial aid, University of Illinois Chicago --- WBEZ’s Reset with Sasha-Ann Simons is your forum for the Chicago conversation. We bring context to the latest local news with journalists, experts and newsmakers. And we cover a wide variety of beats from State and City Politics to Arts and Culture to the Environment. Every Tuesday, we talk Health and Wellness. Every Thursday, it’s Food and Music. We’re on the latest news stories throughout the week and on Fridays in our Weekly News Recap. 💻 Check out more Reset interviews: wbez.org/reset 📧 Sign up for our daily newsletter: wbez.org/resetnews 🎧 Listen to the Reset podcast: https://bit.ly/3Tog0N3