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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 Paying Off One Student Loan Changes Everything

Paying off a single student loan is huge. From both an accounting perspective and an emotional point of view it makes a huge difference.

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cosigner passed away consequences

My Cosigner Died… What Happens to My Student Loan?

A student loan cosigner dying can lead to some issues for the borrower. Fortunately, shady lender tactics can often be avoided.

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The Three Things Preventing Student Loan Forgiveness for All

Student loan forgiveness for all is getting serious discussion, but significant obstacles remain.

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Should I Buy Stocks or Pay Off Student Loans?

Even if you have student loan debt, it might make sense to do some investing.

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How to Pay Off $40,000 in Student Loans

Finding a way to pay off $40,000 in student loans presents some unique challenges because it is right on the border of many strategies.

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How Do Student Loan Refinance Companies Like SoFi Make Money?

Understanding how student loan refinance companies make money can help borrowers find the best deal and avoid scams.

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How to Pay Off Student Loans by Age 40

Eliminating all of your student loans by age 40 can be a challenge, but it is possible to pay off all of your student loans in 15 years or less.

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Why Should I Shop Around for Student Loan Refinancing?

Getting the lowest possible student loan refinance rate requires shopping around. With the right strategy, checking rates takes very little time.

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Tip for Married Couples: Don’t Cosign Loans

Cosigning loans with your spouse may seem harmless, but doing so can be a huge financial mistake with lasting consequences.

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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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