Starting August 1, interest will resume on federal student loans for millions of borrowers enrolled in the now-blocked SAVE repayment plan.

A federal appeals court has blocked the implementation of the Biden administration’s student debt relief plan, which would have lowered monthly payments for millions of borrowers.

The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.

Another group of Republican-led states is suing to block the Biden administration’s new student loan repayment plan, which offers a faster path to cancellation and has been used to forgive loans for more than 150,000 borrowers.

A group of Republican-led states is suing the Biden administration to block a new student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers.

President Joe Biden has outlined a new round of federal student loan forgiveness.