Starting on Friday, student loan interest is resuming for those on the Biden-era SAVE plan. Here's how you can prepare, from a student loan expert.

You don't have to switch by Aug. 1, but interest will start accruing on your loans on the SAVE plan. Here are your options.

The federal tax and spending bill recently signed into law radically alters how borrowers will pay back their student loans, lowers the amount of money graduate students and parents can borrow, and officially sunsets President Biden’s SAVE program, which is known for low monthly payments, and expedited loan forgiveness.