<ul data-eligibleForWebStory="false"><li>The Education Department will start charging interest on student debt for around 7.7 million borrowers who have been in limbo after a repayment plan by President Biden was blocked in court.</li><li>Interest charges for those in the Saving on a Valuable Education (SAVE) program will begin on Aug. 1, although loan payments do not need to resume yet.</li><li>Affected borrowers will be encouraged to switch to other repayment plans offered by the Trump administration to address the situation.</li><li>The SAVE program, allowing low-income borrowers to make zero-dollar monthly payments, faced opposition and was blocked in court, leading to the interest payment resumption for borrowers.</li></ul>

Nearly 8m US student-loan borrowers to see interest charges again

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