Multiple Student Loan Refinance: the Costs, the Lenders and How to Avoid a Mistake

Michael Lux Blog, Strategy 0 Comments

Refinancing a refinance student loan might sound redundant, but it is an excellent way for borrowers to eliminate debt more efficiently. Not all borrowers should try to refinance their student loans a second time, but in many circumstances, the permitted extra refi can save a bundle and provide some financial …

College Parents: Five Financial Tips to Get Your Student Ready for the 2020-2021 School Year

Michael Lux Blog, Strategy 0 Comments

Funding a college education has always been a source of stress inside college families. Navigating the FAFSA and tracking down the right mix of scholarships, grants, and loans can be a time-consuming endeavor. For many, the growing cost of higher education has represented a significant hardship. Adding COVID-19 and the …

How to Live with Federal Student Loans you Can’t Afford to Pay Back

Michael Lux Blog, Strategy 4 Comments

Repayment of student loans can be brutal. Interest accrues daily, servicers offer little help, and large segments of the population blame borrowers for their debt even though college has never been more important or more expensive. A growing percentage of student loan borrowers have reached the point where they realize …

The Consequences of Student Loan Refinancing and Consolidation on Credit Reports

Michael Lux Blog, Strategy 0 Comments

Student loan consolidation and refinancing are excellent tools for borrowers hoping to get their finances in order. Refinancing enables borrowers to get lower interest rates and/or lower monthly student loan payments. Federal consolidation can help borrowers qualify for favorable repayment plans and forgiveness programs. In both a refinance and a …