See every side of every news story
Published loading...Updated

As student loan interest restarts for SAVE plan borrowers, some are feeling ‘crushed’

UNITED STATES, AUG 5 – Nearly 8 million federal borrowers on the SAVE plan face renewed interest accrual after a yearlong pause, with typical monthly costs rising by about $300, advocacy groups said.

  • The Department of Education resumed interest charges for student loan borrowers in the Saving on a Valuable Education plan, affecting many after a long pause, around July 1.
  • Legal challenges arose when two federal judges ruled against the Saving on a Valuable Education plan, after a federal court decision blocked key parts of SAVE.
  • Recent data show that 71% of borrowers report delays in major life events as interest resumed recently, according to the Student Borrower Protection Center.
  • The Department of Education is urging borrowers to enroll in another payment plan, as SAVE enrollees are currently in zero-interest forbearance to pause payments.
  • Future policy changes will move SAVE enrollees into the Repayment Assistance Plan, which will replace existing IDR options and affect 7.7 million borrowers after July 1, 2028.
Insights by Ground AI
Does this summary seem wrong?

54 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 80% of the sources are Center
80% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

WAAY-TV broke the news in Huntsville, United States on Thursday, July 31, 2025.
Sources are mostly out of (0)