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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.
balancing options between paying off student loans aggressively or going after forgiveness

Should I Refinance or Wait for Public Service Loan Forgiveness (PSLF)?

Tax-free student loan forgiveness sounds like a great deal, but there are times quickly paying off your student debt is the best approach.

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law decision scales and gaval

Should I go to Law School?

Law school is a great choice for some future attorneys, but others come to regret the decision and the debt.

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steps to 10

How to Pay Off Student Loans in Ten Years or Less

Even if you have a larger student loan balance, knocking out student debt in under ten years is a reasonable goal.

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poker chips all in

Do I have to go “All In” on student loan refinancing?

Borrowers don’t have to combine all of their student loans when they refinance. In some cases, keeping a couple loans separate is a really smart idea.

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parent helping a child up a hill

Parents: Helping with Student Loan Repayment May Be Better than Paying Tuition

Helping pay for college after college might be the best option for many different families.

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math strategy numbers

This Student Loan “Hack” is a Terrible Way to Improve Your Credit Score

Delaying student loan repayment in order to build up your credit score is really expensive and not very helpful.

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Man studies options

Biden Student Loan Plan Offers More Hope for Borrowers

Biden isn’t calling for student loan forgiveness for all, but he does want to make some major changes to life with student loan in the United States.

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dad money

Do Parents Have a Responsibility to Help Their Child Pay for College?

Parents don’t have a legal responsibility to pay for college, but there are financial and non-financial ways in which they should help their children.

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Referee dealing with complaints

Resolving Complaints with Navient or Sallie Mae

If you have a complaint with Sallie Mae or Navient, the key to a positive outcome is to contact the right customer advocate.

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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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