The Fresh Start program is set to close on Oct. 2, and with it, the best chance to receive a reset on a defaulted student loan.

Fresh Start will help borrowers escape their default status, subsequently allowing them to qualify for future student loan forgiveness options down the line. The choices include income-driven repayment plans like SAVE, which have allowed some borrowers to significantly reduce their monthly payments or even decrease them to $0.

Source: The College Investor The "Fresh Start" program that was announced promised to help borrowers that are in default on their student loans get a 'fresh start' once the student loan payment pause ended.