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I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab. Remember during COVID when we were talking about student loans every other week because of the payment moratorium?

I mean, what a throwback. It's not even Thursday but you remember it right

debt interest was paused and then it was going to resume and then it was paused again

and then it was going to be cancelled and then a little bitty of it was canceled

and wow it was a roller coaster and it gave me serious

whiplash and it looks like we might be back on the roller coaster because Biden just

announced a new effort to help people pay off their federal student loans.

This plan specifically takes aim at the powerful, powerful force of interest.

Interest is amazing when it works in your favor, like with a savings account or in the stock market.

But it is awful when it works against you like when it's applied to debt.

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