Student loan bills could double for some borrowers as Biden-era relief expires

Source: NBC News/CNBC

July 19, 2025, 10:28 AM EDT / Source: CNBC


As a Biden-era relief measure for federal student loan borrowers comes to an end, some people could see their bills more than double.

Earlier this month, the Trump administration announced that the so-called SAVE interest-free payment pause will expire on Aug. 1, and that enrollees’ education debts will begin to grow again if they don’t make payments large enough to cover the accruing interest.

The Biden administration had moved people who enrolled in its SAVE plan into forbearance — a period during which federal student loan borrowers are excused from making payments — while the legal challenges against its program played out. The SAVE, or Saving on a Valuable Education, plan, is now essentially defunct.

While borrowers can remain in the SAVE forbearance for the time being, they’ll face interest charges again starting next month if they do. But those who look to move into another repayment plan will likely face a much larger monthly bill.

Read more: https://www.nbcnews.com/news/us-news/student-loan-bills-double-rcna219755