Millions of borrowers will begin seeing interest accrued on their student loans and here’s what you need to know.

Interest will resume accruing on student loans for borrowers enrolled in the SAVE repayment plan. One student loan advisor said it may be better for some borrowers to move to another repayment plan.

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.