I told you so last year.

President Biden has simply blown it with cancelling student loan debt. This is just flat out wrong and its repercussions will last for generations. I see the problems with this every day and the financial devastation it has caused. This is a real mess and it all starts with the change in the law with the Affordable Care Act. How does the law with insurance coverage impact student loans and now Biden's proposal to cancel its debt? Let me explain.

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.