By next summer, new borrowers will have just two repayment options, streamlining the previous menu to pay off higher-education debt. Here’s what to know.

The Trump administration will resume charging interest next month on student loans under the Biden-era SAVE plan, which have been on hold while the plan’s tied up in court—potentially costing nearly 8 million borrowers an extra $3,500 per year in interest.

Nearly 7.7 million student loan borrowers within a Biden-era repayment plan will begin to see interest accrue once again on their student loans, the U.S. Department of Education announced Wednesday. Borrowers within the Saving on a Valuable Education (SAVE) Plan will see interest accruement begin on Aug.

Senate Parliamentarian blocks GOP plan to eliminate student loan repayment programs, potentially saving millions of borrowers from payment increases.

The Department of Education is encouraging SAVE borrowers to move to the IBR plan, but you should review all your options first.

Student loan borrowers’ options are dwindling and time is not on their side as the Trump administration turns up the heat to get all borrowers back in repayment. The recently passed “big, beautiful bill” will take the bevy of choices away from borrowers by 2028,

Nearly 8 million borrowers in the student loan repayment plan, SAVE, will soon start to see interest accrue on their federal student loans. The U.S. Education Department announced last week that it would resume applying interest starting Aug.

The U.S. Department of Education announced last week it will resume charging interest on federal student loans enrolled in the Saving on a Valuable Education (SAVE) Plan

President Trump’s new law ends $0 student loan payments and extends terms to 30 years, reshaping repayment for millions.