The U.S. Department of Education will restart SAVE Plan interest accrual for nearly 7.7 million borrowers on August 1, 2025, following a federal court injunction that declared the Saving on a Valuable Education (SAVE) Plan unlawful.

Millions of student loan borrowers enrolled in the Biden administration's signature repayment plan are now approaching an unwelcome reality. The U.S. Department of Education has

Student loan borrowers repaying loans through the Saving for a Valuable Education (SAVE) repayment plan have been in a zero-interest forbearance for nearly a year. The Department of Education said Wednesday that balances under the plan will start accruing interest on Aug. 1.

The Department of Education said Wednesday it would restart interest payments next month for about 8 million student loan borrowers on the Saving on Valuable Education plan.

WASHINGTON (North Dakota Monitor) — Interest accrual on the debt of nearly 7.7 million student loan borrowers enrolled in the Saving on a Valuable Education plan will resume Aug. 1, the U.S. Education Department said Wednesday.

Nearly eight million student loan borrowers enrolled in former President Joe Biden's SAVE Plan will soon begin accruing interest on their debt again.

More than 175 Democratic members of Congress are filing an amicus brief on Thursday opposing the Trump administration's overhaul of the U.S. Department of Education.