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A federal court issued an injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.
The U.S. Department of Education is notifying borrowers with loans in the SAVE forbearance that interest will begin accruing again starting August 1, 2025.
Visit studentaid.gov/SAVE for details, including how to stay on track for Public Service Loan Forgiveness and Income Driven Repayment Forgiveness.
Your issue has been submitted to Edfinancial’s security team.
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