The possibility of student loan forgiveness is no longer in question.

This was the seventh and said to be final such extension since the pandemic began in 2020.

So what does this mean if youre still carrying student debt?

A man stresses out with balled up paper next to him and books stacked all around him.

Editor’s note: The Supreme Courtstruck down student loan forgivenesson June 30, 2023. After a three-year pause, federal student loan interest will resume Sept. 1 with payments starting in October.

Probably not as good as youd like.

It always seems like an uphill battle to build (and keep) a decent amount in savings.

But what if your car breaks down, or you have a sudden medical bill?

Article image

Ask one of these companies to help… Dont worry, well explain.

Dont Miss:

Get Paid $225/Month While Watching Movie Previews

1.

Should You Make Payments If You Have Both Federal and Private Student Loans?

Article image

Not all student loans are eligible for forbearance and its highly unlikely they will all be eligible for forgiveness.

How Could Your Balance Be Affected by Student Loan Forgiveness?

But that doesnt necessarily mean you should be writing checks every month, for now.

If you have less than $10,000 in student loans and make less than $125,000 per year?

No more student debt for you!

What Should You Do if Your Loans Were in Default Before the Pandemic?

This is a big reprieve but dont wait it out.

Reach out to your loan servicers now, particularly if your income has changed during the pandemic.

Should You Wait for Student Loan Forgiveness if Youre on the PSLF Track?

How Does Your Degree Affect Your Chances for Forgiveness?

Besides the income-driven repayment plans and forgiveness programs already out there, youd lose out on this interest-free period.

Theyre begging for a way to take it back, and you cant.

How Close Are You to Retirement?

Retirement should always come first as far as deciding where your money goes, Mayotte said.

What Does the Rest of Your Financial Situation Look Like?

Robert Bruce is a senior staff writer.

No Interest Til Almost 2027?

Balance Transfer = Credit Card Cheat Code