The College Survival Guide

Michael Lux Best Of, Blog 8 Comments

During my first week of college I went to an all you can eat wing night.  Because I was there with about a dozen other freshman guys, our dinner escalated into a test of manhood.  I ate 68 buffalo wings that night.  The following day I suffered from a strange …

Federal Government: Your Student Loans are Being Transferred

Michael Lux Blog, Money Saving Tips, News, Student Loans 4 Comments

Last month the federal government announced that it was terminating the contract of one loan servicer (ACS) and transferring the loans to a number of different companies.  A couple weeks later, they announced that a number of other servicers will be transferred.  (A loan servicer is a company that collects …

Student Loan Consolidation Guide: Is it Good or Bad for my Credit Score?

Michael Lux Best Of, Blog, Consolidation, Lower Payments, Student Loans 58 Comments

Student loan consolidation is a great way to improve your credit score and lower your monthly payments. However, it is very important to look at the terms of your new consolidated loan to make sure that you are really getting a good deal.  There are many companies looking to take …

Government Statistics Analyzed: Most People are on the Wrong Repayment Plan

Michael Lux Blog, Lower Payments, News, Student Loans 10 Comments

This week the Consumer Finance Protection Bureau, released statistics on student loan borrower habits.  The good news here is that it is nice to see the federal government showing some interest in those of us who currently owe them over a trillion dollars.  The bad news is that their figures …