Millions of student loan borrowers who were enrolled in a Biden-era repayment plan will soon see their monthly payments increase after the current administration restarted interest accrual Aug. 1.

It will kick back in on Aug. 1 for people in the SAVE repayment program, whose payments have been on hold since last summer. By Tara Siegel Bernard The U.S. Education Department said on Wednesday that ...

The Education Department announced Wednesday interest accrual for student loan borrowers on the Saving on Valuable Education (SAVE) plan will restart Aug. 1. The SAVE plan, created under the Biden ...

WASHINGTON – Roughly 8 million borrowers whose student loan payments have been on pause for a year will start to see interest accrue on their debt again in August, the U.S. Department of Education ...

You don't have to switch by Aug. 1, but interest will start accruing on your loans on the SAVE plan. Here are your options. Courtney Johnston led the CNET Money team and worked closely with the ...