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 …

Is it a Mistake to Refinance Student Loans During the Coronavirus Pandemic?

Michael Lux Blog, News, Strategy 2 Comments

Covid-19 has had a profound impact on many aspects of our lives. Managing student loans is no exception. The fast-changing economic conditions have had a significant influence on the student loan refinance process. Due to these changes, many borrowers may want to delay refinancing their student loans, as it could …

Trump Freezes Student Loan Interest: The Details We Know So Far

Michael Lux Blog, News, Strategy 0 Comments

On Friday, March 13, President Trump announced that he was pausing student loan interest “until further notice” to help support a slumping economy. At this point, many of the details are still being worked out. The Department of Education is awaiting instructions from the White House while the nine federal …

How to Prepare Student Loans for a Possible Bernie Sanders Presidency

Michael Lux Blog, Student Loans 0 Comments

Though we are early in the Democratic primary process, at this point, Bernie Sanders  the frontrunner to secure the Democratic nomination. For many student loan borrowers, this comes as an exciting development. Bernie Sanders has promised to eliminate all existing student loans — both federal and private. Sanders may have …