- The burden of student loan debt has been blamed for holding Americans back from buying homes, starting families and saving for their retirement.
- Now that the Biden administration announced it will forgive up to $10,000 in federal student loans and up to $20,000 for Pell Grant recipients who meet certain income requirements, borrowers have a chance to better their financial standing.
- "It's an opportunity to propel yourself to the next level," said Rose Niang, director of financial planning at Edelman Financial Engines. Here's how to make the best of it.