Beginning August 1, federal student loan holders who are enrolled in the SAVE Plan will see interest accrue on their student loans, but payments are still suspended. Eligible borrowers can apply for and recertify under the Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), and Pay As You Earn (PAYE) Repayment Plans, as well as Direct Consolidation Loans. Many changes to student loans are expected to take effect July 1, 2026. We will update this page as information becomes available. To learn the latest, go to StudentAid.gov.

Emma Diehl

About the Author

Emma Diehl is a journalist with a decade of experience and expertise in finance, real estate, and technology. Her work has been featured across media sites such as The Huffington Post, NPR, and Hearst, and in partnerships with brands such as Rosetta Stone, HomeLight, and Tally.

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