The Federal Government will Probably Extend the Interest Rate Freeze (Updated)

Michael Lux Blog, Opinion 0 Comments

Editor’s Note: This article was originally published on June 29th, 2020. It has been updated to reflect the latest positions advocated by Democratic and Republican leadership as well as President Trump’s August 8th, 2020, executive order.  As part of the financial relief during the Coronavirus epidemic, interest rates on most …

Opinion: It is Time for the Government to Automate Income-Driven Repayment Certification

Michael Lux Blog, Opinion 0 Comments

Each year, borrowers on income-driven student loan repayment plans are required to certify their income. In most cases, borrowers authorize the Department of Education to access their most recent tax return. This information is used to calculate monthly payments for the next year. While the income certification process is relatively …

What Happens to Undergraduate Student Loans during Grad School?

Michael Lux Basics, Blog 3 Comments

Dealing with undergraduate student loans can be tricky for graduate students. The transition from undergrad to grad school often includes attending a new school, a break between classes, and employment changes. These adjustments can make managing student loans complicated. The good news for most grad students is that many of …

Financial Planners: Student Loan Guidance for Your Clients During Covid-19

Michael Lux Blog, For Financial Planners 0 Comments

Guiding student loan borrowers through the financial crisis presents financial planners with several challenges. Borrowers may have the chance to take advantage of lower interest rates, but some of these strategies come with additional risks. Most planners should be able to direct their clients to options that take advantage of …