Trump Student Loan Plan Would Be Devastating to Teachers and Social Workers

Michael Lux Blog, News, Student Loans 3 Comments

This week the Washington Post reported the Trump Administration’s plans for major changes to student loan repayment.  The changes include eliminating the Public Service Student Loan Forgiveness Program, and elimination of all the current Income-driven repayment plans.  Replacing the current income-driven repayment plans would be a plan that requires borrowers to pay 12.5% …

Federal Student Loans Review – The Pros and the Cons of Federal Loans

Michael Lux Blog, Student Loan Reviews, Student Loans 0 Comments

Editor’s Note: Today’s review of federal student loans will cover all federal loans including direct, subsidized, unsubsidized, and Graduate PLUS loans.  The one type of loan not covered in this review will be Parent PLUS loans as these loans are significantly different from the other federal loans. Federal student loans are …

Should I Aggresively Pay Off My Student Loans or Wait for Public Service Loan Forgivness (PSLF)?

Michael Lux Blog, Student Loans 0 Comments

It is hard to overstate the importance of making the decision between aggressively paying off your student loans or waiting for student loan forgiveness.  Doctors, lawyers, and many other professionals with graduate degrees often have well over $100,000 in federal student loans.  If you choose the right path, and it could …