8 million student loan borrowers will see their balances start growing again this month
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最新报道：Student loan borrowers enrolled in the SAVE repayment plan will resume accruing interest starting September 1, 2025, according to the U.S. Department of Education. The pause on interest accumulation, implemented during the pandemic, is ending as federal student loan payments restart. The SAVE plan, which caps monthly payments at 5% of discretionary income for undergraduate loans, will continue offering lower payments but no longer shields borrowers from growing interest. Over 8 million Americans are currently enrolled in SAVE, the Biden administration's newest income-driven repayment program. Officials emphasize that while interest will resume, the plan still provides more generous terms than previous options. Borrowers are encouraged to explore repayment options before the September deadline.
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