President Joe Biden’s long-awaited announcement on student loan forgiveness and deferment will have a positive financial impact on millions of borrowers. But the credit implications may be harder to understand. Roughly 60% of U.S. adults have had a student loan on pause due to the CARES Act and other relief policies. Whether you qualify for loan forgiveness or not, the loan pause has likely improved your credit history, and you may see even more benefits in the future. How D

Education can be one of the best investments you can make in your future. Those with a bachelor’s degree earn, on average, almost $1...