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Starting Friday, the U.S. Department of Education will start charging interest for student loans in the SAVE plan.

Interest on federal student loans is beginning to accrue again this month, creating additional financial strain for millions of borrowers still navigating repayment challenges.

Millions of borrowers will begin seeing interest accrued on their student loans and here’s what you need to know.

The change comes after the Department of Education stopped the cancellation of student loans in income-based repayment plans.

Starting Aug. 1, interest resumes on student loans under the SAVE plan, potentially adding $300 a month for borrowers.

Earlier this month, the Department of Education announced it would resume applying interest to loans held by borrowers ...

Millions of student loan borrowers who signed up for the SAVE plan will start seeing interest accrue to their accounts on ...

Around the country, student loan borrowers are struggling with what to do as repayment options are set to dwindle and ...

The SAVE plan has been in legal limbo for months since the program was struck down by a federal appeals court.