For more than a year, nearly eight million borrowers who had enrolled in the #SAVEplan have remained in a forced administrative forbearance due to a lawsuit brought by a coalition of Republican-led states. The involuntary forbearance, which has suspended monthly payments and set interest rates to zero since last summer, was put into effect after a federal appeals court issued an injunction blocking SAVE while the legal challenge proceeded. But following the #Trump administration’s announcement earlier this month that interest accrual will resume during the SAVE plan #forbearance, millions of borrowers will see their rates jump from zero percent to the interest rates established by their #loan promissory note, which could be anywhere from around five percent to more than eight percent. The Department of Education characterized the move as necessary “to bring fiscal responsibility to the federal student loan portfolio" in a statement issued earlier this month. The student loan intere...