Student loan payments are suspended. Here's how to make the most of it
CNN
Millions of student loan borrowers received a welcome reprieve last month when President Joe Biden extended the suspension of payments and interest on federal student loans through September 30.
The pause on payments, which has been in effect since March, was set to expire on January 31. That has given more than 20 million borrowers a break from making student loan payments, all while interest has remained at 0%. The suspension of payments, known as forbearance, has provided much-needed relief for those torn between staying current on their student loans or paying other bills. But for those who can afford to, it's also provided an opportunity to stash away savings or make student loan payments anyway -- without the interest adding up.More Related News