Should you keep paying your student loans if they might be forgiven?

Should you keep paying your student loans if they might be forgiven?

There’s been a lot of talk lately about the government forgiving federal student loan debt. If you’re one of the 42 million people who has a federal student loan, that’s probably gotten your attention.

At the moment, no one has to make a payment at all on a federal student loan (which accounts for about 92% of all student loans)…

Some people, though, are still making their student loan payments. That’s partly because the loans aren’t accruing new interest, so all payments are going either toward old interest or the principal of the loan, making it easier to pay down the balance.

“Those who can afford to pay have been making massive strides in knocking down their debt,” said Laurel Taylor, founder and CEO of student loan repayment platform, FutureFuel.io.

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