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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.
refinance or PSLF

How to Calculate When it is Time to Give Up on Public Service Loan Forgiveness

When is chasing PSLF more expensive than refinancing and paying off your loan aggressively? Where is the break-even point?

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First Republic Reviews student loan refinance

First Republic Student Loan Refinance Review

First Republic has ended its student loan refinance option.

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dealing with cancer and student loans

Dealing with Cancer and Student Loans

Student loan borrowers fighting cancer have help to manage their debt while they get treatment.

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Scam Alert: Lender Refunds for Extra Interest Charges

Sometimes the most simple student loan scams are the ones that hurt the most borrowers.

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Finding scholarships after college

Finding Scholarships for College Graduates

Scholarships are a great way to pay for school but they are mostly non-existent to help pay student loans after school. However, help is available for persistent borrowers.

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Blue and Orange Light up Question marks in dark pile

Will Signing Up For IBR, PAYE or REPAYE Help My Credit Score?

The credit score impact of enrollment in IDR plans like PAYE, IBR and REPAYE is usually minimal, but it can be a huge help in certain circumstances.

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text message scam

Scam Alert: Text Messages About Your Student Loans

If you are getting unexpected text messages about student loan forgiveness, chances are pretty good that it is a scam.

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student loan repayment strategy government lawyers

Student Loan Repayment Strategy for Government Lawyers

Law school is expensive, but there are a ton of resources to help government lawyers manage their student loan debt.

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fixing a lender calcuation error

Help! My Loan Servicer Messed Up My Payment Calculation

Loan servicers make all sorts of mistakes, including calculating payments wrong. Sometimes this issue is an easy fix. Sometimes it is a challenge to correct.

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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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