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Trump administration begins accruing interest for student loans under SAVE plan
Posted
August 3, 2025
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August 3, 2025
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0:48Now PlayingIt's August 1, which means the Department of Education has begun accruing interest again for student loan borrowers who signed up for the Biden-era SAVE plan.
The SAVE plan has been in legal limbo for months since the program was struck down by a federal appeals court. While it has been battling its way through the courts, interest has not been accruing on loans under the program, because there were still unanswered questions about what borrowers would have to pay.
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