What to know
Federal student loans will begin accumulating interest for the first time in more than three years on Friday, Sept. 1, 2023.
Student loan borrowers will be required to start making payments in October. The exact date varies by borrower.
The SAVE Plan replaced the Revised Pay As You Earn (REPAYE) Plan. Borrowers already on the REPAYE Plan will automatically get the benefits of the new SAVE Plan.