As you may have heard … All federal student loan payments are being deferred at a 0% interest rate. So that basically means you are not accruing any interest on your loans until further notice. The government is halting payments for the next 6 mos.
What does that mean exactly? Well Interest accumulated won’t get tacked onto your principal balance as in past deferment. So if you don’t have any other debt besides student loans and you are able to make your payments during this time, do so as it will go towards your principal. This will help you pay down the loan quicker.
Now if you have student debt along with credit cards and other outstanding debts. It would make financial sense to try to pay more on your debt that is actually accruing interest. Yes your student loans will be extended an extra six months but you not having interest associated with it makes it worth it.
Your credit card is charging around 12-29% if you take what you normally pay towards your federal loans and add to your normally CC payments you can significantly reduce your CC balance and likely payoff sooner. This will require a little discipline as we all preparing ourselves for when Rona departs and we can go outside. Don’t spend the money on new outfits you wont be able to wear in the foreseeable future. Let’s be smart, Lets make funds of it!!!
MAKING FUNDS OF IT 
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