MarketWatch: Warren slams Trump policy restarting interest on millions of student-loan borrowers

A group of prominent senators is pushing the Trump administration to abandon its decision to start charging interest for nearly 8 million student-loan borrowers.

In a letter sent to Secretary of Education Linda McMahon on Monday, Sen. Elizabeth Warren, a Massachusetts Democrat, Sen. Chuck Schumer, a New York Democrat and the Senate minority leader, and Sen. Bernie Sanders, a Vermont independent who causes with the Democrats, criticized a decision announced by the Education Department last week to restart interest on student-loan borrowers enrolled in the SAVE repayment plan. For about a year, borrowers enrolled in SAVE have been in forbearance with payments and interest paused while federal courts litigate the legality of their payment plans.

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