Michael P. Lux, Esq., Author at The Student Loan Sherpa

sherpa explains when federal student loan consolidation is a good idea and when it is a mistake

The Complete Guide to Federal Direct Student Loan Consolidation

Federal direct consolidation is an essential move for some student loan borrowers and a huge mistake for others.

borrowers speeds up student loan forgiveness on a rocket

Accelerated Forgiveness: Making Extra Payments for Quicker Forgiveness

Options to speed up student loan forgiveness by paying extra are limited.

angry borrowers on strike refuse to make student loan payments

Expert Thoughts on a Student Loan Payment Strike

Before borrowers embark on student loan payment strikes, they should consider their strategy’s potential effectiveness and other available options.

borrowers will have to stretch to fit student loan payments in their budget

Middle-Income Families Hit Hardest by Federal Student Loan Restart

Borrowers on the extreme ends of the income spectrum won’t struggle when federal student loan repayment resumes. The borrowers in the middle are a different story.

borrowers weigh options on how to utilize the SAVE subsidy

SAVE Repayment Strategy: Balancing Extra Payments, $0 Payments and the Subsidy

Qualifying for a SAVE subsidy gives borrowers an opportunity to get creative with their debt elimination strategy.

The Best Student Loan Refinance Rates for September 2023

Inflation is an issue for refinance rates, but borrowers looking for a fixed-rate loan still have plenty of choices.

borrowers decide between SAVE and PAYE repayment plans

Lower Payments on SAVE vs Faster Forgiveness on PAYE or IBR

For graduate borrowers, SAVE isn’t always the best student loan repayment plan. Some people might be better off with quicker forgiveness on PAYE or IBR.