5 smart moves for anyone with federal student loans in forbearance - Business Insider

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Federal student loan forbearance has been extended until December 31 — here are 5 smart moves financial planners suggest making with the extra cash

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

If you don't need the money, one financial planner advises saving the amount you would have spent on your loans then putting that lump sum towards your loans when forbearance is over. signed by President Trump. While federally-owned student loans won't have any payments due or interest accruing, private student loans don't have this protection. Borrowers with student loans will need to continue with payments as normal, or contact the lender.

"I think people feel a lot of guilt around the debt they have, and it's not the time to be guilty about that," says financial planner

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I paid off almost $40,000 worth of student loan debt in 10 months and I must say, all financial planners and advisors aren’t created equally. financial planner putting a emphasis on saving money. I’m assuming she’s not up to date with our situations of currency printing.

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