NASHVILLE, Tenn. (WTVF) — Raise your hand if you've got student loans.

Almost 8 million Americans are enrolled in the SAVE repayment plan. Interest on those loans has started again, ending a yearlong pause.

Monthly payments, though, are still on hold, for now.

“What this means is that a lot of people are going to see their loan balances grow again," said Consumer Reports' Chuck Bell. "And if you’re already struggling with repaying your student loans, that's just going to make things harder in the future.”

The Student Borrower Protection Center estimates the new interest charges will cost a typical borrower $300 per month or $3,500 a year.

The Department of Education says that once the pause on payments ends borrowers will be responsible for monthly payments that include both the princ

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