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Latest Posts in Michael P. Lux, Esq.

Student loan expert Michael Lux is a licensed attorney and the founder of The Student Loan Sherpa. He has helped borrowers navigate life with student debt since 2013. Insight from Michael has been featured in US News & World Report, Forbes, The Wall Street Journal, and numerous other online and print publications. Michael is available for strategy sessions and to respond to press inquiries.

The Latest Threat to Loan Forgiveness Shouldn’t Worry Borrowers

Congressional Replublicans’ plans to prevent student loan cancellation are almost certain to fail.

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How the Biden Administration is Updating IDR Payment Counts

40,000 borrowers are about to get their remaining student loan balance forgiven, and millions more will move closer to IDR loan forgiveness.

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Student Loan Repayment Restart Checklist

With the federal student loan payment and interest pause coming to a close, borrowers have several items to check off before the restart.

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What Happens to My Student Loan if my Bank or Lender Collapses?

A bank failure can have significant impacts for student loan borrowers.

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When Will Student Loan Repayment Actually Start?

Nailing down the exact date of the repayment restart isn’t easy, but we know enough to have a pretty good idea of when that first bill will be due.

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SoFi’s Lawsuit to End Payment Pause is Great News for Joe Biden

SoFi’s decision to file a lawsuit to end the student loan pause seems like a questionable business decision, but it puts Joe Biden in a win-win situation.

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Tips for Borrowers Stuck with Large Student Loans and a Worthless Degree

College doesn’t work out for every student. Dealing with student debt in this situation can be especially frustrating, but there is usually a path forward.

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How to Lower Interest Rates on Variable-Rate Private Student Loans

Rapidly increasing interest rates make student loan repayment especially difficult. These strategies will help keep things manageable.

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The Dangers of Misleading Student Loan Calculators

Student loan calculators can simplify things, but they don’t always give borrowers the results they need.

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  • Tools
    • Old Income-Based Repayment (IBR) Calculator
    • New Income-Based Repayment (IBR) Calculator
    • Repayment Assistance Plan (RAP) Calculator
  • RepaymentPLANS & FORGIVENESS
    • Lower Payments
    • Student Loan Forgiveness
    • Cosigner Issues
    • Repayment Plans
    • Loan Servicers
    • Consolidation
    • Debt Elimination
    • Parent PLUS Loans
  • RefinanceRATES, TIPS & REVIEWS
    • Refinance Reviews
    • Best Interest Rates
    • Lender Comparisons
    • Refinance Strategy
  • Life with LoansMARRIAGE, TAXES & MORE
    • Retirement
    • Home Ownership
    • Marriage
    • Taxes
    • Scam Alerts
  • PlanningSTUDENTS & PARENTS
    • Paying for School
    • Student Loan Reviews
    • Income Share Agreements
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