Overall, the change will see borrowers being charged more than $27 billion in interest over the next 12 months.

Education Secretary Linda McMahon, in a statement, urged "all borrowers in the SAVE Plan to quickly transition" to a ...

Federal student loan borrowers who enrolled in President Biden's SAVE income-driven repayment plan have been in an ...

The Trump administration will resume charging interest next month on student loans under the Biden-era SAVE plan, which have ...

Some student loan borrowers who benefit from Public Service Loan Forgiveness may soon see changes to their repayment plans.

It will kick back in on Aug. 1 for people in the SAVE repayment program, whose payments have been on hold since last summer.

Millions of Americans with student loans will soon face resumed interest accrual and monthly payments as changes made under ...

The Education Department said on Wednesday it would resume applying interest on Aug. 1 to federal student loans of nearly ...

Thanks to yet another change to the student loan process, some borrowers may find that their current repayment plan is ...

Although interest will restart next month, borrowers enrolled in SAVE remain in a general forbearance -- for now. If you're ...

Analysis projects that a typical borrower will be forced to pay more than $3,500 per year, or $300 per month, as interest ...

The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release.