Trump Administration Ends SAVE Plan, Student Loan Interest Resumes August 1, Raising Payments for Millions Including Law School Borrowers

Starting August 1, 2025, millions of student-loan borrowers will see their monthly payments increase sharply as interest begins to accrue again on federal student loans. This change follows the Trump administration's decision to phase out one of the federal government's most affordable repayment plans, the SAVE plan, which previously helped borrowers manage compound interest on their loans. Borrowers are advised to prepare for higher balances and payments as interest restarts, impacting those with various types of student loans, including law school debt.