If you have federal student loans, you’ve probably heard the buzz: SAVE plans started drawing attention again beginning August 1, 2025. That’s because interest accrual on federal student loans finally resumed after a long pause during the pandemic.

Interest on SAVE loans resumed Aug. 1. If you're one of the 7.7 million Americans who need to change plans, here are three options.

Key Points ・The SAVE repayment plan remains in legal limbo, and borrowers are simply waiting for a date on when the administrative forbearance will end. ・The One Big Beautiful Bill officially eliminates SAVE and move borrowers into a version of IBR,