IBR plan, forgiveness and student loan
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Starting August 1, interest will resume on federal student loans for millions of borrowers enrolled in the now-blocked SAVE repayment plan.
Interest is set to begin accruing for the 8 million borrowers enrolled in former President Joe Biden's SAVE repayment plan, which courts paused.
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CNET on MSNSAVE Student Loan Borrowers Have Less Than 2 Weeks Before Interest Restarts. Here's What to DoInterest on federal student loan balances will start accruing in August for the millions of borrowers in the SAVE repayment plan. But payments remain in forbearance.