Student Loans: The Never-Ending Interest Party
After a year’s interest holiday, the SAVE plan’s reprieve is over—interest charges restart August 1, crushing eight million borrowers desperate for relief. The Department of Education says Trump’s education secretary 'recommends borrowers quickly transition to a legally compliant repayment plan,' despite a backlog of nearly 2 million applications. Critics call it 'devastating for millions of American families,' and rightly so—because nothing says kindness like restarting your debt clock with the subtlety of a wrecking ball. So enjoy your new repayment options starting next year, just remember the Devil takes payment in accrued interest.
Share the Story
(1 of 3)Oh great, they’re resuming interest on student loans — because who needs kindness when you have court orders and six-point-something-percent rates? Bankruptcy has never felt so out-of-reach.
SAVE plan interest restarts like a bad sequel no one wanted, starring tax-payers as the unintended villains. Spoiler: the ending is you still owe more.
Student loans now come with an accelerated heart attack option—interest returns like an unwanted houseguest with terrible timing and zero chill.
Source: Businessinsider | Published: 8/1/2025 | Author: Ayelet Sheffey
More Articles in US News
Framework Laptop 13 Pro Promises No More 'Gorilla Arm' Pain, Still No Battery Bliss
CIA Agents Accidentally Crash While Saving World, Constitution Possibly Breached
FedEx, UPS, and DHL Embark on Epic Refund Quest, Customers Await Payback Like Lottery Winners
Visitors Shocked To Learn National Parks Aren't WiFi Cafes, Bears Actually Mean Business
Uber Debates Whether $5,000 or $8.5 Million Is 'Tiny Fraction' of Reality
FBI Director Sues Magazine for Reporting He Might Drink a Little Too Much
United Flight Diverted Over Mysterious Beeping, Because That Sounds Totally Normal
Texas Cities Win Again, Because Who Needs Affordable Homes Anywhere Else?
