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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.

The Federal Government Should Make 0% Student Loan Interest Rates Permanent

Charging 0% interest on student loans isn’t a handout to borrowers. It is a brilliant investment by the government.

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The Best-Case Scenario for Student Loan Cosigners

I cosigned a student loan for my brother. Even though things went perfectly, there were still some hardships caused by cosigning.

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Scam Alert: Student Loan Stimulus Forgiveness & Relief Legislation Emails

The latest student loan scam is an email about student loan forgiveness coming in stimulus relief legislation.

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Has the Government Successfully Fixed Public Service Loan Forgiveness?

Recent changes to the PSLF program have helped many previously denied borrowers qualify for student loan forgiveness.

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The Government Desperately Needs to Simplify Student Loan Repayment

Simplifying federal student loan repayment would lower the default rate, help the economy, and prevent scammers from hurting vulnerable borrowers.

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How the End of LIBOR Impacts Student Loans

The end of LIBOR means changes are coming for many student loan borrowers with variable-rate student loans.

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Student Loan Cancellation Could Be a Disaster for Biden, Borrowers

Members of Congress are calling for President Biden to forgive up to $50,000 in federal student debt. For borrowers, the upside is obvious, but there is also a huge downside.

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How the Student Loan Crisis Benefits the Wealthy

The student loan benefits for the 1% go far beyond collecting interest and charging outlandish tuition prices at for-profit colleges.

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Giving Up on Student Loan Forgiveness? What is Next?

Even if you don’t think you will qualify for student loan forgiveness, there are still plenty of resources and strategies available to eliminate your student debt.

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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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