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 …

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 …

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 …