Although interest will restart next month, borrowers enrolled in SAVE remain in a general forbearance -- for now. If you're in PSLF, pursuing forgiveness or unable to afford your monthly payment, you have some options.

Education Secretary Linda McMahon, in a statement, urged "all borrowers in the SAVE Plan to quickly transition" to a different loan program.

As the moratorium on federal student loans comes to an end, millions of borrowers must navigate a landscape of limited repayment options. With the expiration of the SAVE plan, borrowers face the challenge of managing their debt without the benefit of interest-free relief.