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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.
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Will Getting an Inheritance or Large Gift Increase My Student Loan Payments?

In most cases an inheritance or gift won’t impact your monthly student loan payments, but there is at least one exception that could cause payments to go up.

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ways to undo or reverse loan refinance

Is it Possible to “Undo” a Student Loan Consolidation or Refinance?

Fixing a mistake on a student loan refinance or consolidation is easy if you catch it early. If you are late, you have to get creative to undo the process.

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married couple red x on hands

Help! My Student Loan Payment Went Up Because I Got Married!

Getting married impacts student loan payments on several different federal repayment plans. Couples have several options to get payments lowered back to normal.

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changes in the future for student debt

The Future of Student Loans: Predictions on Forgiveness, Free Tuition and Repayment Plans

After nearly a decade of closely watching student loan news and developments, I think some changes are on the horizon.

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Taxes and Student Loans: Married Filing Jointly or Married Filing Seperately?

Married couples on IDR plans need to carefully consider the pros and cons of filing taxes separately. It could mean a huge savings on your monthly student loan bill.

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father parent child fight

How Children Can Help Parents Repay Parent PLUS Loans

Parent PLUS loans are legally the responsibility of the parents, but there are many different ways children can help with repayment.

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yale university entrance

Tuition is Nearly Free for Most Families at These No-Loan Colleges

Many top colleges have “no loan” policies, meaning scholarships and grants eliminate the need for student debt.

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options and directions to go

Should I Auto-Pay My Student Loans?

Automatic student loan payments help avoid late fees and offer an interest rate discount, but auto-debits also come with some major risks.

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numbers use in DTI calculations

Debt-to-Income Ratios Needed for Student Loan Refinancing

Other than credit score, Debt-to-Income ratio is probably the most important number in any student loan refinance application.

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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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