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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.

Should I Pay Extra on My Income-Driven Repayment (IDR) Plan?

Paying extra on IDR plans like IBR, PAYE and REPAYE is a risky choice for many student loan borrowers, especially those chasing student loan forgiveness.

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NaviRefi Review: Student Loan Refinancing with Navient

NaviRefi advertises great interest rates, but their connection to Navient and some consumer complaints are cause for concern.

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timing student loan payment

Four Ways Extra Student Loan Payments are a Mistake

Extra payments are a great way to eliminate student debt. However, there are times when paying extra is a mistake.

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What is “Efficient” Student Loan Repayment?

The idea behind efficient student loan repayment is to spend as little money as possible when you pay off your student debt.

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REPAYE for Married Couples

REPAYE is the best repayment plan for some married couples. For others, it is an expensive option.

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Tips for Student Loan Refinancing

Refinancing student loans can be a smooth process. Follow these simple tips to avoid mistakes and maximize savings.

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What Student Loan Fixes are Next from Biden?

President Biden has already forgiven billions of dollars in student debt to correct many student loan issues. More help is on the way.

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FFELP Borrower Takes Steps for Public Service Eligiblity

Consolidation of FFEL Federal Loans for Public Service Student Loan Forgiveness

New rules mean borrowers with FFEL loans can qualify for Public Service Student Loan Forgiveness, but consolidation is a required first step.

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Scam Alert: Shady MyFedLoan Servicing Transfers

Many scams try to take advantage of the uncertainty caused by FedLoan Servicing ending their contract with the Department of Education.

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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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