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.

Diana Kelly Levey

About the Author

Diana Kelly Levey has a magazine journalism background and covers personal finance, health, health care, and pet health topics for nationally-recognized media and brands. She was nominated for a Freelance Excellence Award by the Women in Content Marketing Awards in 2023. She also helps freelancers learn the business and improve their skills through her courses, digital products, and coaching. When Diana isn't working on her business, she loves spending time with her family, her Lab-Shepherd mix dog, working out, and baking.

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