Social media users adored the boyfriend’s response in the viral clip, with one saying: “your friend needs to marry him immediately.”
Day: August 1, 2025
“That candle burned hot and short,” Dean Cain said.
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- After a year’s pause, interest charges for SAVE student-loan borrowers restart in August.
- Trump’s administration recommended that borrowers on SAVE switch to a new repayment plan.
- Beginning next year, borrowers will have two repayment options due to Trump’s spending law.
President Donald Trump isn’t saving the SAVE plan.
The Department of Education announced earlier in July that interest charges for student-loan borrowers on the SAVE plan are restarting on August 1 after being paused for a year while the plan was facing legal challenges.
SAVE, created by former President Joe Biden, intended to give borrowers more affordable monthly payments with a shorter timeline to debt relief. The plan was blocked in July 2024, and 8 million enrolled borrowers have been in a forbearance without interest accumulating.
That relief is officially over. The department said that it is restarting interest charges on SAVE accounts to comply with the court order that blocked the plan, although the order did not explicitly provide instructions on handling the interest charges. Interest rates vary depending on when the loan originated. Today’s undergraduate direct rate is 6.39%.
Linda McMahon, Trump’s education secretary, said in a statement that she recommends borrowers “quickly transition to a legally compliant repayment plan,” like income-based repayment, to avoid balance growth.
Some Democratic lawmakers previously criticized the interest charge restart and urged the administration to reverse course. On July 14, Sens. Elizabeth Warren, Bernie Sanders, and Chuck Schumer sent a letter to McMahon saying that the restart is “devastating for millions of American families.”
“It defies logic and the law that a months-old preliminary injunction against SAVE, which makes no mention of the interest-free forbearance, requires you to start charging interest to millions of borrowers in forbearance now,” they wrote.
The lawmakers also cited a backlog in income-driven repayment plan processing that would make it difficult for borrowers on SAVE to switch to a new plan. While the department said in its press release announcing the interest charges that borrowers who switch to a new plan “can expect quick and timely processing,” the department in May reported a backlog of nearly 2 million income-driven repayment applications.
The income-based repayment plan, which the department specifically mentioned as a viable option for SAVE borrowers, is also facing a debt relief processing delay. The department posted on Federal Student Aid that loan forgiveness through IBR plans is paused to update payment counts without providing a timeline for when relief will resume.
For now, borrowers can choose to remain on SAVE while interest accumulates, or they can switch to a new plan and make payments. Due to Trump’s spending law, student-loan borrowers will have two repayment options beginning July 2026: a standard repayment plan or a new Repayment Assistance Plan that forgives borrowers’ balances after 30 years.
The new plans are less generous than existing ones, including the SAVE plan, which Trump’s spending law eliminates.
These changes come amid Trump’s broader plans to dismantle the Department of Education. The Supreme Court ruled that the department can proceed with firing nearly 1,400 workers, and limited staff means likely hurdles in carrying out the student-loan repayment overhaul.
Are you enrolled in the SAVE plan? Share your thoughts with this reporter at asheffey@businessinsider.com.
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Over 150 injured making Thursday one of the deadliest days for the Ukraine capital since start of war
The death toll from Thursday’s Russian attack on Kyiv has risen to 26 with over 150 injured, making it one of the deadliest attacks on the capital since the start of the full-scale war in 2022.
Responding to the attack, Ukraine called for an emergency meeting of the UN security council this afternoon as it seeks to unite its allies and ramp up pressure on Russia to end the war.
Average price of property rises 0.6% in July to £272,664, says Nationwide
House prices in the UK returned to growth last month, as the market recovered from a dip in June after the end of a tax break on stamp duty.
The average price of a home rose 0.6% in July to £272,664, bouncing back from the biggest month-on-month fall in more than two years in June, according to Nationwide.
“I’ve found in the darkest of moments, the Lord is so much closer than ever before,” the country crooner said.
The lawsuits, filed on Tuesday in Seattle’s King County Superior Court, accused Boeing of product liability for delivering a plane that was unsafe to operate and for negligence in manufacturing practices, the paper said.
Italy has hosted a number of star-studded weddings in the past decade, most recently Jeff Bezos and Lauren Sánchez ’s extravaganza in Venice.
U.S. Tariff Adjustments Announced by President Trump
In a significant move, President Donald Trump has announced a tariff adjustment that will see levies exceeding 30% imposed on several nations with which the United States has failed to reach trade agreements, including Switzerland, Serbia, and Myanmar. This announcement was made on Thursday, with the changes set to take effect on August 7, reports 24brussels.
The adjustments will notably impact Syria (41%), Laos (40%), and Myanmar (40%), although the latter two countries have obtained a reduction from the initial figures presented by Trump on April 2. Conversely, various European nations such as Switzerland, Serbia, and Bosnia-Herzegovina will face new tariffs of 39%, 35%, and 30%, respectively, due to the absence of a trade deal.
Federal Reserve Chair Jerome Powell highlighted the ongoing effects of these tariffs, stating, “American businesses have been absorbing Trump’s tariffs so far, but eventually the burden will be shifted on to American consumers,” signaling the broader economic impact of these policies.
Particularly noteworthy is the increase imposed on Switzerland, which now faces the highest tariff rate among all listed countries, up from the previously set 31%. India also remains affected, with its tariffs now at 25%, reflecting minimal negotiation outcomes prior to the deadline for agreement.
The latest adjustments underscore the complexities of the current international trade landscape as the U.S. government seeks to re-evaluate its economic relationships globally. These developments could have cascading effects not only on American businesses but also on consumers who may encounter rising costs as a result of the tariff increases.
As the situation evolves, further assessments of the long-term implications for both U.S. and global economies are essential, with attention focused on how these policy changes will influence trade dynamics and diplomatic relations moving forward.
Indonesia set to release hundreds of prisoners under president’s clemency plan