Things To Do In SW Florida

By Eliza Haverstock | NerdWallet

If you’ve been skipping your federal student loan bills, or you have defaulted loans, your time is running out to get back on track without harsh consequences. Two key pandemic-era relief programs are set to expire on Sept. 30: the student loan on-ramp and the Fresh Start program.

Millions of borrowers are benefitting from the on-ramp or Fresh Start — and some may not know it. To check, log into your studentaid.gov account and review your monthly payment history and loan repayment statuses. If you have missed or late payments, you’re on the on-ramp. If you have a loan listed as in default, you’re benefiting from the Fresh Start program.

In either case, you need to act by Sept. 30. Here’s how.

Student loan on-ramp: Make a plan to deal with your bills

The student loan on-ramp began Oct. 1, 2023, and lasts until Sept. 30, 2024. It’s intended as a safety net for the “most vulnerable borrowers,” the White House said last summer.

The program is automatic for all borrowers who miss payments during this time — there is no enrollment process. During the on-ramp, you can’t fall into delinquency or default. Missed payments won’t be reported to credit bureaus. read more

In 2020, there were 1,108 data compromises. By 2023, the number of compromises reached 3,205, according to the Identity Theft Resource Center.

The most recent high-profile breach: An estimated 2.9 billion Social Security records, or 272 million unique Social Security numbers, were stolen from a Florida company in April.

The numbers have been available for months. What does that mean for consumers?

“When someone assumes your identity with your Social Security number, they could apply for credit cards or a loan; they could open cellphone or other accounts in your name or use the information in other ways,” said Luke Ervin, a San Diego-based financial adviser with UBS Financial Services Inc.

Meghan Land, the executive director of Privacy Rights Clearinghouse, a national privacy nonprofit, said it’s best to assume your data will eventually end up in the wrong hands.

“Data breaches are unfortunately incredibly common,” Land said. “Even if you weren’t a victim in this one, information about you has likely been compromised in another breach. It can only help you to take proactive steps because this isn’t the first breach to compromise SSNs and it won’t be the last.” read more