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Interest will restart for 8 million student loan borrowers

Student Loan Update: Here's What SAVE Borrowers Should Do by August 1

The Department of Education announced on July 9 that student loans for borrowers in the SAVE plan would start accruing interest on August 1. Their loans, however, will remain in a general forbearance. To avoid interest charges, the Department of Education is encouraging borrowers to switch to another payment plan.

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8 Million Federal Student Loan Borrowers Will Soon See Interest Restart

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Student loan interest to kick in again for 8 million borrowers, Trump administration announces

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Trump ends student loan subsidy for 7.7 million people who will soon see bills increase

The organization said as a result, “the Trump administration will pass on more than $27 billion in unnecessary costs to working families with student debt in the next 12 months alone.”

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Trump's Education Dept. to resume interest on SAVE plan loans starting in August

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When provisions from Trump's ‘big beautiful' bill go into effect

Parents and Graduate Students Have New Loan Limits. Who Will Fill the Gap?

The federal cap on the amounts people can borrow means some of them will fall short. That’s especially true for students in professional schools.

Bankrate on MSN21d

What to state as income on a student credit card application

To be eligible for a student credit card, you need to show that your income is high enough to make timely payments. The list of what can count as income will depend on whether you are under 21 years old. If you’re over 21, any money that comes into your account monthly should qualify, as long as it’s verifiable.

NerdWallet3d

Best Private Student Loans in 2025 - NerdWallet

If you’ve already hit your limit on federal loans, you may be able to get a private student loan if you apply with a co-signer who has solid credit — typically scores in the high 600s or better.