Scam Alert - Trump Ending PSLF

Scam Alert: Robo Calls About Trump Ending Public Service Loan Forgiveness (PSLF)

Michael Lux Blog, News, Scam Alert, Student Loans 0 Comments

We have heard from a number of people who received pre-recorded automated calls, better known as robo calls, about their student loans.  In these calls the recording says that President Trump will be ending the Public Service Student Loan Forgiveness program and the borrowers need to act right away to …

Student Loan Expert Michael Lux

Meet the Sherpa

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Michael Lux is the founder of the Student Loan Sherpa.  An attorney based out of Indianapolis, Indiana, he focuses his efforts on student loan strategy and advocacy. Becoming A Student Loan Expert Lux started his legal career working at the Indiana Attorney General’s Office.  He then spent approximately four years …

DeVos eliminates Obama borrower protections

DeVos Puts Navient, FedLoan Servicing Ahead of Borrowers

Michael Lux Blog, News, Student Loans 0 Comments

This week Education Secretary Betsy DeVos withdrew a series of Obama-era protections designed to increase federal servicer accountability and to ensure borrowers get accurate information.  In her criticism of the previous administration’s handling of the student loan servicer contracts, DeVos said, “This process has been subjected to a myriad of …

income driven repayment without IRS Data Retrieval

How I Recertified My Income-Driven Repayment Without the IRS Data Retrieval

Michael Lux Blog, News, Strategy, Student Loans 0 Comments

A large percentage of federal student loan borrowers are currently enrolled in an income-driven repayment plan.  Unfortunately for these borrowers, the annual re-certification process just got more complicated.  In the past borrowers just went to the Federal Student Aid’s Website for Income Driven Repayment Requests.  The form was fairly simple, …

Consumer Financial Protection Bureau Annual Report on Student Loans

Consumer Financial Protection Bureau Issues Report on Student Loan Complaints

Michael Lux Blog, News, Student Loans 0 Comments

The Consumer Financial Protection Bureau is tasked with leveling the playing field between everyday Americans and the large companies with whom they do business.  Approximately five years ago, the CFPB created a system where people could file complaints and force companies to respond to their individual issues.  Earlier today, the …