What to Do With a Windfall.

If your debt is mostly tied up in student loans, consider using some or all of the money to pay down your loan balance. The moratorium on federal loan repayments is expected to be extended through the end of the year, but it doesn't include private student loans. Although the Biden administration is considering forgiving a portion of federal student loans, that's not a sure thing, and depending on the size of your loan you could still need to make repayments when the latest moratorium ends. [Extracted from the article]