Student loan interest is suspended — here's how to use the cash - Business Insider

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If you're stable financially, use this extra money to give your future self a financial boost

. Extra cash can help you weather a temporary drop in income, potential out-of-pocket healthcare expenses, and give you a bit more peace of mind and flexibility."While you're not paying interest on your student loans, why not pay off any high-interest debt that's weighing you down? That's credit cards and any personal loans you're working to get out from under. "Prioritize debt with the highest interest rate first," Taylor says.

Whatever you do with your extra cash, make sure it's a smart choice that helps you stay afloat now or prosper in the future.

 

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