Beginning August 1, federal student loan holders who are enrolled in the SAVE Plan will see interest accrue on their student loans, but payments are still suspended. Eligible borrowers can apply for and recertify under the Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), and Pay As You Earn (PAYE) Repayment Plans, as well as Direct Consolidation Loans. Many changes to student loans are expected to take effect July 1, 2026. We will update this page as information becomes available. To learn the latest, go to StudentAid.gov.

Brandi Lucey

About the Author

Brandi Lucey is a content writer for various online businesses. Her main focus is on social media and email marketing. She’s written content for an ad agency, website developer, and holistic wellness company. Brandi has written for SoFi on topics related to college and private student loans.

TLS 1.2 Encrypted
Equal Housing Lender