SAVE Borrowers, Your Student Loans Will Start Accruing Interest Again on Aug. 1: What to Know
Getty Images/Zooey Liao/CNET It looks like time has run out for the nearly 8 million student loan borrowers enrolled in SAVE. The US Department of Education announced that loans will resume accruing interest on Aug. 1. Borrowers enrolled in the Saving on a Valuable Education Plan, a product of the Biden administration, have been in limbo since June 2024, when Republican opponents challenged the plan and later struck down by a federal court. Since then, borrowers have had their loans placed in