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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.
wiping out all student debt

Could the Government Forgive All Student Loans?

Canceling all federal student loans might be surprisingly affordable for Uncle Sam.

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Sallie Mae Bar Loan Reviews

Sallie Mae Bar Study Loan Review

The Sallie Mae bar study loan offers a wide range of interest rates. On the low end, it is a solid choice, but on the high end, the rates are awful.

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employer student loan contributions

How to Maximize Employer Student Loan Repayment Assistance

Employers have a variety of student loan repayment assistance programs, so there isn’t a one-size-fits-all strategy that works for all employees.

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Parent PLUS Loan Repayment for Borrowers on Social Security

Repayment of student debt is difficult if you are living on social security. However, low payments and student loan forgiveness are both possibilities.

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are income share agreements a mistake or a bad idea

Income Share Agreements Scare This Student Loan Expert

Income share agreements have the potential to help many students. However, there is also potential for abuse.

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does time on Extended repayment count towards REPAYE

Loan Payoff Date When Switching Repayment Plans

Loan payoff date calculations get complicated for borrowers switching to Income-Driven Repayment plans like REPAYE.

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is a private loan ever better?

Federal vs. Private Student Loans: What You Need to Know

There are several important differences between private student loans and federal loans that all borrowers should understand.

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student loans dont have to end entrepreneurship

Can You Start a Small Business If You Have Student Loans?

Student debt makes starting a business more difficult, but it is possible for borrowers to pursue their entrepreneurial dreams.

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Avoiding marriage for public service loan forgiveness

Waiting on Getting Married to Chase Public Service Loan Forgiveness

Student loan concerns about Public Service Loan Forgiveness and Income-Driven Repayment have one couple considering delaying their marriage.

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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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