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.
The pause impacts millions seeking relief under one of the last remaining federal income-driven repayment options not blocked by legal challenges.
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.
Starting August 1, interest will resume on federal student loans for millions of borrowers enrolled in the now-blocked SAVE 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 ...