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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.

Five Dangerous Student Loan Myths to Unlearn

Many borrowers cling to common misconceptions about student loans. Not having the facts right isn’t a mere inconvenience — its potentially very expensive.

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Important Deadlines for Temporary Federal Student Loan Programs

Several temporary programs are ending in the coming months. Most of these deadlines are unlikely to get extended.

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Tips for Borrowers While Biden Forgiveness is in Legal Limbo

Once again, federal student loan borrowers face an uncertain future. President Biden’s recently announced forgiveness program may not happen.

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Extra Payments to Quickly Eliminate Student Loan Debt Could be a Mistake

Many borrowers prioritize paying off their student loan balances. This strategy isn’t the worst idea, but better options are often available.

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Biden’s Student Loan Forgiveness Faces Serious Legal Issues in Texas

A Texas Judge has ruled the one-time student loan forgiveness program as unlawful. The decision seems shaky and is destined for an appeal.

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Is More Student Loan Forgiveness or Cancellation on the Way?

Could another round of student loan forgiveness for all borrowers be coming? How long might it take?

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Student Loan Forgiveness and Refunds: What Gets Taxed

After the initial excitement of student loan forgiveness or a refund, borrowers often worry about tax consequences.

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Making Sense of Self-Certification of Income for Student Loan Forgiveness

Will borrowers provide honest information about their income? What happens if somebody lies to get forgiveness?

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How Biden’s Last-Second Decision-Making Hurt Student Loan Borrowers

By focusing on political issues up until the last minute, the Biden administration overlooked and issue and hurt FFELP Borrowers.

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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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