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Millions Face a Costly Student Loan Shake-up in August

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If you’re one of the 7.7 million borrowers on the SAVE student loan plan, brace yourself: your monthly bill may soon rise sharply. Starting August 1, the federal government will resume charging interest on loans in the SAVE forbearance program, according to CNBC. This change could leave many borrowers with payments far higher than they’ve budgeted for, especially those who earned relief under…

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