What To Know About Trump’s New Student Loan Forbearance Orders
- By
Julia Austin
Source: John Lamb / Getty
If you can pay, pay
Those who need to defer payments in order to have cash for essentials like rent or groceries should likely take the relief, but Lewis encourages those who can pay, to pay, for two reasons. The first being that, “Any time you pay your loan, you see that as a boost in credit the next month.” One exception Lewis brings up – and it’s certainly not for everyone – is that, those who have an opportunity to invest that money at a higher rate than they’re borrowing it, may consider that. Again that is only if they don’t need it for essentials.
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