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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 Four Reasons to Consolidate Federal Student Loans

Consolidation is essential for some borrowers and extremely risky for others. There are exactly four situations where it makes sense to consolidate federal student loans.

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How a Pregnancy and Kids Impact Student Loan Payments

Student loans make it a challenge to add to your family, but there are many resources for parents trying to manage student debt and have children.

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PSLF Application Denials: How to Fix Problems and Move Forward

Some PSLF issues can be corrected with ease. In other cases, a PSLF application rejection means starting from scratch.

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MyFedLoan Exits Student Loan Servicing: Next Steps for Borrowers

MyFedLoan exiting student loan servicing means headaches for borrowers. However, some issues are avoidable.

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What is a good student loan interest rate?

For most student loan borrowers, a good interest rate is one that is between 2% and 4%. However, many other circumstances need to be considered.

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Three Things Dave Ramsey Gets Wrong About Student Loans

Dave Ramsey has earned his reputation as a trusted personal finance expert, but his one size fits all approach to student loans has flaws.

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What Does Inflation Mean for Student Loans?

If you have a fixed-rate student loan, inflation could be a good thing. If your student loan is variable-rate, inflation is bad news.

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Which is Worse: Credit Card Debt or Student Loan Debt?

Repayment of student loans is brutal, but credit card interest rates usually make credit card debt a bigger financial emergency.

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Laurel Road Student Loan Cashback Credit Card Review

Laurel Road’s cashback credit card for student loan borrowers isn’t anything special, but it is a decent option to use rewards to knock out 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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