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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.
man writes down bar study loan options on napkin

Bar Study Loan Options and Alternatives

Bar study loans are often an extremely expensive form of debt and should usually be reserved as a last resort.

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Switching to Plan B may be necessary if student loan forgiveness doesn't work out

How to Plan for Student Loan Forgiveness and Eliminate Risks

If you are planning on student loan forgiveness, it is a good idea to have a backup plan ready to go if things don’t work out.

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loan sign illuminates the consequences of refinancing or consolidation on credit scores

Student Loan Consolidation and Refinancing: Is it Good or Bad for my Credit Score?

Consolidating or refinancing student loans usually impacts borrower credit scores. However, the impact is typically small and short-lived.

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student loan sherpa examines discover and other bar study lenders

Discover Bar Study Loan Review

Discover might be the best bar student loan for many law students, but that doesn’t mean it is a good idea to incur this debt.

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student loan borrowers have the power to fight back against lenders

How to Fight Back Against a Predatory Lender

Getting back at a student loan lender is all about going after the one thing they care about most: their bottom line.

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two puzzle pieces combine to help pay off student loans

Two Basic but Effective Ways to Eliminate Student Debt

Earning more money and spending less money are the obvious ways to get extra cash to pay off student debt.

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expert describes how to use credit cards to pay student loans

Can I pay my Student Loans with my Credit Card?

Paying student loan bills with a credit card has advantages, but it is tricky to get a student loan lender to accept a credit card payment.

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CNRAs have a lot to worry about many things more important than student loans

CRNA Student Loan Repayment Strategy

There isn’t a one size fits all approach for CRNA student loan repayment. Instead, borrowers need to select the programs that best fit their individual needs.

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cosigner release makes for a bad loan

PNC Bar Study Loan Review

The PNC Bar Study Loan is pretty good for a bar study loan. Unfortunately, bar study loans are usually pretty awful.

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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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