We, the undersigned, urgently call upon Congress to implement an immediate halt on any attempts to resume interest accrual for borrowers enrolled in the Saving on A Valuable Education (SAVE) plan set to begin on August 1, 2025.

We call on Congress to:

- Immediately halt all plans to resume interest accrual on August 1, 2025 until the ongoing SAVE litigation gets processed.

Borrowers enrolled in SAVE received less than a month’s notice that their loans would begin to accrue interest on August 1st while in the SAVE forbearance. This does not give borrowers enough time to prepare, and actively harms Americans with student loan debt by increasing their overall owed balance.

In addition to this, the SAVE interest accrual puts borrowers in a vulnerable position as applications for other repayment plans are heavily backlogged due to existing processing delays. These actions leave borrowers in financial limbo and facing growing uncertainty about whether they will be able to afford their payments.

Amidst a turbulent economy, Congress must enact protections for the more than 43 million borrowers with student loan debt and protect the most vulnerable borrowers ahead of the incoming changes passed through the budget reconciliation bill. Suspending interest accrual will give nearly 8 million hard-working Americans the relief they desperately need.