Seth Frotman, executive director of the Student Borrower Protection Center, says all student borrowers should be taking steps to protect themselves at this time.
Comprehensive policy is crucial in solving the student debt crisis, experts say, but $10,000 of debt forgiveness could actually do a lot to help the people who need it most right now.
The president over the weekend signed a memorandum extending the current payment pause and interest waiver for most federal student loans through the end of the year.