Nearly Half a Million Student Loan Repayment Plans at Risk
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CNET on MSNSAVE Student Loan Borrowers Have Less Than 2 Weeks Before Interest Restarts. Here's What to DoAlthough interest will start accruing on Aug. 1, you're not required to switch to a new repayment plan just yet. But you may want to.
Starting August 1, interest will resume on federal student loans for millions of borrowers enrolled in the now-blocked SAVE repayment plan.
SAVE loans will begin accruing interest starting Aug. 1, 2025. Decide if you want to switch plans, remain in forbearance, or wait for a new repayment plan.
Another key point: More borrowers will be able to get their federal student loan payments down to $0 a month under the SAVE plan, if their income is low enough. If you're worried about October ...