You have student loans that you could have deferred them over the last year. But, you have been making payments to pay them down. You hear that the government may forgive student loan debt up to $50,000. Should you pay – or should you not? That is the million-dollar question.

A startling directive came out this week from Education Secretary Miguel Cardona. Any consumer who has defaulted on a federally-backed, privately serviced student loan will have their interest rates on their student loans dropped to 0%, and no monthly payments will need to be made to lenders for the time being.