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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.

How Inflation, Rising Interest Rates Make it Harder for Student Loan Borrowers to Buy a House

Student loans have always been a hurdle to buying a home. Inflation makes it even more difficult for borrowers to get a mortgage.

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What Every High School Student Should Know About Student Loans and College

There are many misconceptions about student loans and paying for school. A small misunderstanding could lead to a lifetime of regret.

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Help! My Federal Loan Servicer Won’t Do Its Job

Getting assistance from your federal student loan servicer isn’t always easy, but borrowers can force the issue in several different ways.

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The Risks and Dangers of a Small Student Loan

A small student loan might seem harmless, but there are risks that every borrower should understand and avoid where possible.

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Every* Student Loan Borrower Should Sign Up for Income-Driven Repayment

Income-Driven Repayment plans like IBR, PAYE and REPAYE are the best choice for just about every student loan borrower.

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Let’s Ban Colleges From Withholding Transcripts Over Late Fees and Bills

If borrowers can’t afford payments on student loans issued by their college, many schools withhold the students’ transcripts making it harder to get a job.

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Parent PLUS Loans vs. Cosigning Private Loans vs. HELOC Loans

Parents have many different options to help their kids pay for college. The best choice for your family will depend on several different factors.

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Biden’s Impossible Student Loan Dilemma

Getting things right on federal student loan forgiveness could be nearly impossible for Joe Biden. He will anger millions no matter what he does.

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7 Reasons IDR Payment Calculations Are Unfair

Income-driven repayment is supposed to keep monthly payments affordable for all borrowers, but IDR plans help some borrowers more than others.

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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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