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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.

Consolidation and Refinance Options for Nelnet Federal Student Loans

Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.

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Should I pay off my car loan first or my student loans?

Several factors need to be considered when deciding whether a car loan or a student loan should get paid first.

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Understanding Income-Based Repayment (IBR)

Income-Based Repayment (IBR) is one of the most popular federal repayment plans. IBR can lower monthly bills and qualify for student loan forgiveness.

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Should I Refinance with a Fixed or Variable Rate Loan?

There are several different factors that borrowers should consider when trying to decide between a fixed-rate and variable-rate student loan.

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Should I pay off my credit cards or student loans first?

Paying off credit cards first normally saves the most money, but there are times it makes sense to prioritize student loans.

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comparing SoFi vs Laurel Road

SoFi vs. Laurel Road: The Student Loan Refinance Comparison

SoFi and Laurel Road are top lenders in student loan refinancing, but there are a few key differences between these to companies.

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Why Everyone Should Have a Right to Attend College

Providing access to a free college education for all Americans might be a necessity.

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IBR, PAYE, and REPAYE Calculations for Multiple Loans and Multiple Lenders

If you have multiple federal student loans or you are stuck with more than one federal servicer, the Income-Driven Repayment math might seem complicated. Fortunately, it is pretty easy.

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Help! I owe 500k in student loans (that’s half a million!!)

Repaying $500,000 in student loans is an epic challenge, but even on a salary of $72,000 per year, it can be done.

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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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