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

Should Borrowers Worry about Republican Plans to End IDR Forgiveness and PSLF?

Some politicians want to end programs like Public Service Loan Forgiveness. The threat to borrowers is currently small, but increasing.

Joe Biden’s new Income-Driven Repayment plan would result in many borrowers indefinitely paying 0% interest on their federal loans.

Borrowers may qualify for up to $20,000 in student loan forgiveness, but some immediate action may be required.

Student loans between family members can be life-changing… for the better or for the worse.

Not everyone benefits from student loan forgiveness, and some borrowers are dealing with some guilt about their student loan relief.

Two weeks before the scheduled repayment restart and Biden still has not announced what is next for student loan borrowers.

Tuition and housing keep climbing but wages haven’t kept pace. It’s far more difficult to pay for college in 2022 compared to 1972 or even 1992.

If Joe Biden wants to forgive private student loans, an executive order won’t be enough. However, there are several strategies that could work.

Marco Rubio is proposing major changes to federal student loans, but the potential benefits seem limited.