Getting a Lower Interest Rate from FedLoan Servicing (MyFedLoan)

Michael Lux Blog, Lower Payments, Strategy, Student Loans 0 Comments

FedLoan Servicing, often called MyFedLoan, is one of the largest servicers of federal government student loans.  In addition to being one of the biggest federal loan servicers, they have a reputation for being one of the worst.  Unfortunately, this makes getting answers to some of the most basic questions difficult. …

Student Loan Plan: Refinance Just High-Interest Loans or All Loans?

Michael Lux Blog, Consolidation, Lower Payments, Student Loan Plan, Student Loans 0 Comments

In this edition of the Student Loan Plan, we discuss the refinancing and consolidation strategy for Amy, who has $42,000 in private student loans between two companies.  If you want tips for dealing with your student loans, contact us. Amy writes: I have two private loans; one from Discover with a …

How to Refinance Federal Student Loans at a Lower Interest Rate

Michael Lux Blog, Consolidation, Lower Payments, Student Loans 0 Comments

Refinancing your federal student loans can be a savvy financial move.  The refinancing process allows borrowers to lock in lower interest rates and get debt free faster.  Though there are a few landmines that should be avoided, the refinancing process is relatively simple and painless. The Refinancing Process Because the …

The Student Loan Plan: Dave and his Refinancing Options

Michael Lux Blog, Consolidation, Lower Payments, Student Loan Plan, Student Loans 0 Comments

In this edition of the Student Loan Plan, we will take a look at Dave who is trying to figure out ways to lower his high interest federal student loans.  If you want tips for dealing with your student loans, contact us. Dave writes: Hi- I am completely stumped on whether I …