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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.

Is the Estimated Cost of Attendance an Accurate Number?

The Estimated Cost of Attendance (COA) is supposed to help students budget for school, but many argue that COA is set unreasonably low.

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The Co-Signer Release Myth Exposed by Consumer Financial Protection Bureau

Lenders love to advertise co-signer release programs. CFPB research shows getting approved for a release is really difficult. However, their are ways around this issue.

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Balancing Student Loans, Debt, and the College Experience

Going away to college to get the “college experience” is a reasonable goal, but making smart student loan decisions is critical.

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Republicans Make Deeply Flawed Argument Against Loan Forgiveness

It is ridiculous to argue that student loan forgiveness is a handout for the wealthy or a program that doesn’t benefit most Americans.

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Interest Charges on Deferments and Forbearances

Interest usually accrues during a forbearance or deferment. However, there are a couple of noteworthy exceptions to the rule.

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Forgiveness for Many: How to Solve the Student Loan Crisis

Minor tweaks to interest rates and student loan forgiveness could provide relief to millions of student loan borrowers.

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The College Survival Guide

For most people, college is full of lessons learned the hard way. This article will hopefully teach a few lessons the easy way.

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Student Loans and Your Credit Score: Everything You Need to Know

Student loans have a huge influence on credit scores. Savvy borrowers can take advantage of these rules and increase their credit scores.

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Can’t pay your student loans? Here is what you should tell your cosigner.

Telling your cosigner you can’t afford your student loan payments is scary. Not telling them and missing a payment is much worse.

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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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