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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.
new tips to pay off loans

Under the Radar Tricks to Knock Out Student Debt

Everyone knows the benefits of a “side-hustle” or rich parents. These tips are far less common but still very useful.

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down payment on a home or student loan

Student Loans, PMI and Mortgage Down Payments

Student loans are a major challenge to saving for a down payment on a home. A smaller down payment often means living with a Private Mortgage Insurance (PMI).

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4 federal loan payoff plans

The Four Main Strategies to Pay Off Federal Student Loans

There are a ton of options for repayment of federal student loans, but they all boil down to one of four basic strategies.

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mortgage or refinancing first

Buy a House then Refinance or Refinance Student Loans First?

Student loan refinancing can make getting a mortgage much easier — or much harder. Getting the order right is essential.

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benefits of tax refund towards student debt

The Benefits of Using Tax Refunds to Pay Down Student Loans

Using a tax refund to knock out student debt isn’t sexy, but it has some major advantages.

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steps to take to get it under control

Steps to Take When Federal Student Loan Interest Grows Out of Control

Interest on federal student loans can be a major issue, but there are resources available to keep this expense in check.

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refinance navient good idea

Should I Refinance My Navient Loans?

Refinancing Navient loans hopefully means lower interest rates and better service, but it isn’t always the best decision.

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public service loan forgiveness employer eligibility

How do I know if my Employer is Eligible for Public Service Loan Forgiveness?

The Department of Education has several great resources for verifying if your employer is eligible for the PSLF program.

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avoiding too much student debt

Picking the “Cheap” College Over More Expensive Options

Skipping an expensive school to attend a more affordable college might be the smartest decision for many students.

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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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