Nearly 7.7 million student loan borrowers within a Biden-era repayment plan will begin to see interest accrue once again on their student loans, the U.S. Department of Education announced Wednesday.

It will kick back in on Aug. 1 for people in the SAVE repayment program, whose payments have been on hold since last summer.

Interest is set to begin accruing for the 8 million borrowers enrolled in former President Joe Biden's SAVE repayment plan, which courts paused.

First published on July 9, 2025 at 12:11 p.m. PT. It looks like time has run out for the nearly 8 million student loan ...

Analysis projects that a typical borrower will be forced to pay more than $3,500 per year, or $300 per month, as interest ...

Trump's Department of Education is restarting interest charges for student-loan borrowers enrolled in the SAVE plan, which ...