Reminder: Student loans to see interest accruing again, and what that means for locals.
Breakdown
- Interest will begin accruing again for nearly 8 million borrowers under the SAVE plan. 4s
- The pause on payments and interest was due to a court injunction, which is now ending. 21s
- Borrowers can make voluntary interest payments or switch to income-driven repayment plans. 40s
- Those seeking loan forgiveness should move to an income-driven repayment plan to continue qualifying payments. 1m 17s
- The SAVE plan is scheduled to end in 2028, and borrowers are advised to consult their loan servicer. 1m 29s