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.

Rebecca Safier

About the Author

Rebecca Safier has been writing about personal finance and higher education for nearly a decade. Her work has been featured in U.S. News & World Report, Forbes Advisor, and other leading publications, and she has contributed expert commentary to MarketWatch, NBC, Fortune, and more. Rebecca is an NACCC-certified student loan counselor and has her Master of Education from Harvard University.

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