Education Department announces interest payments for SAVE student loans to resume in August

Published July 9, 2025 4:41pm ET



The Department of Education said Wednesday it would restart interest payments next month for about 8 million student loan borrowers on the Saving on Valuable Education plan.

The SAVE plan was created under the Biden administration and was later struck down in federal court. Since that ruling, millions of student borrowers have remained in forbearance with no interest accrual. 

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