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

How to Exclude a High-Income Year from Income Driven Repayment Calculations

A jump in income can make monthly payments unaffordable. However, it is possible to skip a high earning year from IDR calculations.

Two recent programs announced by the Department of Education make the path to student loan forgiveness significantly less complicated.

Retirement plan contributions, transfers, and withdrawals can raise or lower your monthly student loan payments on IBR, PAYE, and SAVE.

Locking in a fixed-rate student loan means no more interest rate increases or monthly payment changes.

Now is the time to tweak your federal loans to make sure you maximize any upcoming student loan forgiveness.

Leaving school to avoid student loans may prevent more debt accumulation, but sometimes it makes things worse.

Student loan surprises on your credit report may seem scary, but they usually don’t have a negative impact on the borrower.

Independent students can get larger student loans and more financial aid from the FAFSA.

Lenders often charge borrowers far more than what they originally borrowed because of interest and fees, but sometimes extra costs are avoidable.