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flag Nearly 8 million student loan borrowers face resumed interest charges starting Aug 1, adding up to $3,500 annually.

flag Starting August 1, nearly 8 million student loan borrowers in the SAVE plan will see interest charges resume on their loans, following a court injunction that blocked the plan's implementation. flag The Education Department advises transitioning to other income-driven repayment plans, but a backlog may delay this process. flag The change could add $3,500 annually to borrowers' costs.

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