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#MoneyMonday – Kicking the Student Debt Can

President Biden got right to work after his inauguration, signing 17 executive orders on his first day in office. One of those puts a further hold on federal student debt payments until September. It is heartening to read the words from the order, “borrowers of all ages are often faced with a tough tradeoff between making their student loan payments, investing in their long-term financial future, or paying their bills.”

Considering more than 40 million Americans carry education debt and that the average monthly payment for student borrowers is between $200-$399, this order could bring some relief for many households.

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