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.

Pam O’Brien

About the Author

Pam O’Brien is an award-winning editor and writer who has covered personal finance, budgeting, small business, and money issues. She is also an expert in health and wellness whose work has appeared in O Quarterly, Shape, Health, and More magazines, among others.

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