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You had $10,000 in student loan debt canceled. Should you pay off your credit-card bill — or take advantage of the bearish stock market?

You had $10,000 in student loan debt canceled. Should you pay off your credit-card bill — or take advantage of the bearish stock market?

The Biden administration’s much-debated student-loan cancellation plan is expected to launch soon, with online applications expected to roll out in early October. With borrowers receiving some financial breathing room, what should they do with the “extra” money that will be in their monthly budgets: Pay off other debts or invest in the stock market? The average monthly payment is $460, according to the Education Data Initiative.