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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 to Repay Student Loans if you Live Paycheck to Paycheck

If money is tight, there are several student loan strategies that can be used to make student debt more manageable.

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Credit Cards and College: An Easy Decision

Some experts say college freshmen should have credit cards. They are wrong. Responsible or not, the lessons are worth the pain.

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How Does SoFi Help with Student Loans?

SoFi offers some borrowers lower payments and lower interest rates. However, in certain circumstances, using SoFi is a mistake.

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Fighting Inflation: How to Stop Student Loan Interest Rate Increases

Inflation often means higher student loan payments for borrowers. However, interest rates increases are avoidable.

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Student Loan APRs vs. Interest Rates

The APR and Interest Rate for most student loans are usually identical. Federal student loans are one big exception.

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How to Consolidate or Refinance Aidvantage Student Loans

Consolidating and refinancing are both options to streamline repayment and quickly eliminate Aidvantage student loans, but it is critical to make the right selection.

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Republican Bill Would End Federal Student Loan Relief

Proposed legislation from Congressional Republicans would end the federal student loan interest and payment pause.

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How to Fix Federal Student Loan Servicing

Federal student loan servicing has been a disaster for borrowers and taxpayers. It doesn’t have to be.

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How Much Student Debt is Reasonable for Law School?

Borrowing decisions are especially tricky for potential lawyers. Student loan options need to be carefully considered before starting law school.

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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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