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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.

Pay Your Student Loans Like an Ivy Leaguer

Ivy Leaguers are paying off student loans faster than the rest of us. Is it because they make more money or are they just being smarter?

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What to do When Navient Applies a Payment Incorrectly

When Navient makes a mistake processing a student loan payment, borrowers have several options to get things fixed.

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The Dangers of Switching to REPAYE

REPAYE offers lower payments to many student loan borrowers, but there are some dangers associated with making the switch to REPAYE.

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Raise.me Micro-Scholarship Review

Micro-scholarships from Raise.me can add up to real money for some students.

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Turn Your Student Loan Refinance Denial Into An Approval

Getting rejected on a student loan refinance application is brutal, but there are many strategies that will lead to a different outcome.

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How much Student Debt is too much?

There is a simple formula for how much student debt is too much, but there are several other factors that should also be considered.

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Do I need a divorce for lower student loan payments?

There is a marriage penalty with student loans. Careful repayment plan selection and tax preparation often means that resorting to a divorce isn’t necessary.

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house convert to cash HELOC

Is it a good idea to pay off student loans with a HELOC?

Using a Home Equity Line of Credit (HELOC) to pay off student loans has a couple big advantages, but it comes with major risks.

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Credit Card Debt and Student Loan Refinance Applications

Small tweaks to your credit card habits can make a huge difference when you apply to refinance your student loans.

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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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