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flag Starting August 1, 2025, the U.S. resumes charging interest on student loans for nearly 8 million borrowers.

flag The U.S. Department of Education will resume charging interest on student loans for nearly 8 million borrowers under the Biden administration's Saving on a Valuable Education (SAVE) plan starting August 1, 2025. flag This move follows legal challenges that halted interest accrual temporarily. flag Borrowers could face an average monthly payment increase of $300. flag The SAVE plan aimed to ease financial burdens by basing monthly payments on income and family size, but the legal issues have left borrowers navigating uncertain repayment options and potentially higher debt.

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