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Federal student loan interest resumes for millions, growing debts despite paused payments.
Federal student loan interest has resumed for millions of Americans, affecting nearly 8 million on the SAVE repayment plan.
Despite payments still being paused, loan balances will grow, adding about $300 monthly or $3,500 annually to the typical borrower's debt.
The Department of Education advises checking loan details on studentaid.gov and updating income or changing repayment plans.
Nonprofit and state programs can offer guidance.
Missing payments could damage credit.
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El interés de los préstamos estudiantiles federales se reanuda por millones, creciendo las deudas a pesar de los pagos suspendidos.