Student Loan Interest Resumes, Repayment Plans Changed
Student Loan Interest Resumes, Repayment Plans Changed

Student Loan Interest Resumes, Repayment Plans Changed

News summary

Nearly 8 million U.S. student loan borrowers enrolled in the Biden-era SAVE repayment plan will see interest charges resume on their loans starting August 1, following actions by the Trump administration and a federal court injunction that blocked key provisions of the program. Although payments remain paused, interest will accrue, and borrowers may see their loan balances increase by an average of $3,500 per year. The Trump administration has also enacted the One Big Beautiful Bill Act, which eliminated existing income-driven repayment and forgiveness options, replacing them with plans that generally require higher payments. These changes are expected to have the greatest impact on low- and middle-income borrowers, Black borrowers, Pell Grant recipients, and those without degrees. Many borrowers are facing delays and uncertainty as millions of applications to switch repayment plans are pending. The Education Department cites fiscal responsibility for these changes, while borrower advocates warn of further financial harm amid rising delinquency rates and economic pressures.

Story Coverage
Bias Distribution
71% Left
Information Sources
72da0b09-12c1-4a6a-ac99-710108fff81b0319a078-c5a7-4188-95f2-60cb4be32cc60de89078-8bc1-4dae-b16e-c0e6d67fee7471639883-fbbd-48af-8cc3-393f63e7b2ef
+3
Left 71%
Center 29%
Coverage Details
Total News Sources
7
Left
5
Center
2
Right
0
Unrated
0
Last Updated
58 min ago
Bias Distribution
71% Left
Related News
Daily Index

Negative

25Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News