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Starting August 1, interest resumes for 8 million SAVE plan borrowers, ending the relief period and raising financial stress ...
The Department of Education announced Wednesday it will restart interest for nearly 8 million student loan borrowers on the ...
With 62% of student loan borrowers struggling with payments, discover strategies including income-driven plans, consolidation, and loan forgiveness options.
Borrowers enrolled in SAVE haven’t had interest accrue on their loans in the last year, since federal judges put the ...
The collection of payments will impact more than 5 million borrowers who are currently in default.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Federal student loans have not been sent to collections since March 2020, when President Donald Trump paused loan payments and interest accrual.