Interest Restarts for SAVE Student Loans on Aug. 1. Should You Switch to Another Payment Plan by Then?
Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET Starting on Aug. 1, borrowers who are enrolled in the Saving on a Valuable Education plan will begin accruing interest charges on their loan balances. The Department of Education is encouraging borrowers to pick a new payment plan, but you also have the option to leave your loans where they are. The Department of Education "urges all borrowers in the SAVE plan to quickly transition to