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SAVE Student Loan Borrowers, Interest Restarts on Friday. Should You Move to IBR Now?

cnet.com See Full Bio 2025-12-20 23:30:00

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have until the end of the week before interest will begin accruing on your loans. The change doesn't mean you have to switch repayment plans yet, but it could be a good time to make a plan. Earlier this month, the Department of Education announced interest would resume for the nearly 8 million borrowers on the Saving on a Valuabl

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SAVE Student Loan Borrowers, You Have Only a Few Days Left Before Interest Restarts. Should You Move to IBR?

cnet.com See Full Bio 2025-12-23 06:30:03

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have about a week left to switch repayment plans before interest will begin accruing on your loans. But although interest payments will kick in, the change doesn't mean you have to switch repayment plans yet. Earlier this month, the Department of Education announced that on Aug. 1 interest would resume for the nearly 8 million bo

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SAVE Student Loan Borrowers: You Don't Have to Move to IBR by Aug. 1, but You May Want to: Here's How to Decide

cnet.com See Full Bio 2025-12-31 09:03:24

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you have just over a week left to switch repayment plans before interest will begin accruing on your loans on Aug. 1. While you can't avoid interest, it also may not make sense for you to switch payment plans just yet. Earlier this month, the Department of Education announced that interest would resume for the nearly 8 million borrow

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SAVE Student Loan Borrowers Have Less Than 2 Weeks Before Interest Restarts. Here's What to Do

cnet.com See Full Bio 2026-01-03 11:55:03

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, you may feel pressured to switch to a new repayment before interest payments restart on Aug. 1. Although we know that you'll eventually have to move off this payment plan, you're not required to make any moves before August. In some cases, it might be better to remain in the general forbearance. Earlier this month, the Department of

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SAVE Student Loan Borrowers Are Up Against an Aug. 1 Deadline. Here's What Experts Suggest

cnet.com See Full Bio 2026-01-05 09:00:26

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET If you're a student loan borrower enrolled in SAVE, do you have to switch to a new repayment before interest payments restart in August? That's the question on millions of borrowers' minds, but the answer depends on your forgiveness options and financial situation. "It's crucial for borrowers to act based on their own personal situation," said Elaine Rubin, a student loan policy exper

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Do Student Loan Borrowers in SAVE Need to Do Anything Before Aug. 1?

cnet.com See Full Bio 2026-01-10 09:00:07

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on Aug. 1. Viva Tung/CNET As the old adage goes, the only constant student loan borrowers enrolled in SAVE have experienced over the past two years is a perpetual state of change. Last week, the Department of Education announced that interest would resume for the nearly 8 million borrowers in the Saving on a Valuable Education plan on Aug. 1. That gives borrowers roughly two weeks to decide if they want to mov

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Student Loan Update: Here's What SAVE Borrowers Should Do Before Aug. 1

cnet.com See Full Bio 2026-01-16 09:45:00

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

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Interest Restarts for SAVE Student Loans on Aug. 1. Should You Switch to Another Payment Plan by Then?

cnet.com See Full Bio 2026-01-17 03:45:03

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

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Should Student Loans Borrowers in SAVE Switch to Another Repayment Plan? It's Complicated

cnet.com See Full Bio 2026-01-19 12:37:10

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on August 1. Viva Tung / CNET Starting Aug. 1, borrowers enrolled in the Saving on a Valuable Education plan will start accruing interest charges on their loan balances. The trouble is, their payments remain on hold in a general forbearance. Now they're being encouraged to choose a new payment plan or face interest charges. The Department of Education "urges all borrowers in the SAVE plan to quickly transition

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Student Loan Update: Here's What SAVE Borrowers Should Do by August 1

cnet.com See Full Bio 2026-01-23 09:21:48

Interest will restart for SAVE borrowers whose loans remain in a general forbearance on August 1. Viva Tung / CNET Federal student loans for those who are enrolled in the Saving on a Valuable Education plan have been in an interest-free forbearance for a year while the income-driven repayment plan was challenged in court. Although SAVE has been officially blocked in the courts, borrowers' loans are still in limbo. Now, borrowers are being encouraged to choose a new payment plan or face interest

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