Thomas C. Martin says that is you have student loans and can afford it continuing to pay them off, right now might be a good idea because interest is on hold and that means you will eat away at the principal.
The soaring cost of higher education in Colorado and across the nation has led to Americans owing $1.7 trillion in student loans, according to wealth manager Thomas C. Martin.
He says wages are not rising while the cost of everything else is, and many students are missing out on the American Dream just trying to pay back what they owe.That’s why during the pandemic the Federal Government put a moratorium on Federal student loan payments. Interest isn’t building and borrowers have one less monthly bill to pay.
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