the year 2020 in the sand

The Best Student Loan Refinance Rates for September 2020

Michael Lux Blog, Consolidation, Refinance 0 Comments

*Rate Tables Updated as of September 2nd, 2020 September 2020 may be the most competitive we have ever seen the student loan refinance marketplace. Prior to the Covid-19 pandemic, tech companies like SoFi and Earnest tended to offer the best refinance rates while the traditional banks and lenders lagged behind. …

The Impact of the Federal Interest and Payment Freeze on Loan Forgiveness (UPDATED)

Michael Lux Blog, News, Strategy 0 Comments

Editor’s Note: This article was originally published on August 10, 2020. It has been updated to include new guidance provided by the Department of Education. The Coronavirus pandemic has caused the federal government to take unprecedented steps to help borrowers manage their debt. In March, the CARES Act became law, …

Student Loan Refinancing for Government Employees

Michael Lux Blog, Strategy 0 Comments

Government workers considering a refinance of their student loans need to be especially careful. The allure of lower monthly payments and a better interest rate can be tempting. However, borrowers should understand that while there are circumstances where a refinance might make sense, a mistake refinancing can be financially catastrophic. …