Here's What SAVE Borrowers Should Do by Aug. 1
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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
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The Southern Maryland Chronicle on MSNEducation Department Ends SAVE Plan Zero InterestThe 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.
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's announcement gives borrowers just weeks to consider their options before interest begins accumulating on their loans.
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.
Biden's SAVE plan for student loans: It may seem confusing.Here's how to use it. The Education Department’s show of unity on what it has billed as the most affordable student loan repayment plan ...