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Scripps Local

Reminder: Student loans to see interest accruing again

Scripps Local · New
Scripps Local
Scripps Local
New

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
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