SoFi vs CommonBond: The Showdown

Michael Lux Consolidation, Lower Payments, Student Loan Blog, Student Loans 2 Comments

Article updated 7/11/20 to include the latest interest rate and new customer bonus information. Two of the top names in student loan refinancing are SoFi and CommonBond. Both lenders fall firmly into the fin-tech category of lenders. Borrowers should expect a quick and easy process compared to working with a …

Splash Student Loan Consolidation Review

Splash Financial Student Loan Refinance Review

Michael Lux Consolidation, Refinance, Student Loan Blog, Student Loan Consolidation Reviews, Student Loans 2 Comments

Article Updated February 5, 2020, to reflect the latest available interest rate information and a new customer promotion of up to $500. One of the newer names to enter the student loan refinance marketplace is Splash Financial. Splash Financial first entered the student loan refinance business as a lender focusing …

laurel road student loan refinance

Laurel Road Review: Student Loan Refinancing and Consolidation

Michael Lux Consolidation, Student Loan Blog, Student Loan Consolidation Reviews, Student Loans 1 Comment

Article updated August 27th, 2020, to include the latest interest rate information. For the past five years, Laurel Road has been one of the top student loan refinance lenders. Laurel Road has built its reputation on being a top choice for healthcare professions, especially doctors, optometrists, and dentists. However, we …

loan sign illuminates the consequences of refinancing or consolidation on credit scores

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

Michael Lux Best Of, Consolidation, Lower Payments, Student Loan Blog, Student Loans 49 Comments

Many student loan borrowers can improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase. Some borrowers may see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are very different processes, the impact on …

tips for lender calls

10 Tips for Dealing with Your Lender Over the Phone

Michael Lux Best Of, Consolidation, Lower Payments, Student Loan Blog, Student Loans 0 Comments

Phone calls with lenders can be especially stressful.  For many borrowers, student loans are by far their biggest debt.  Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service.  This combination of financial pain and terrible customer service can be …

Fedloan servicing refinance and consolidation options

Consolidation and Refinancing with Fedloan Servicing (myfedloan)

Michael Lux Consolidation, Strategy, Student Loan Blog 0 Comments

Fedloan Servicing, also known as myfedloan, is one of the largest servicers of federal student loans. Though Fedloan Servicing has been entrusted by the government to manage billions of dollars in student loans, they, at times, fall short of minimal quality standards expected by many borrowers and taxpayers. The challenges …

PNC consolidation comparison

PNC Student Loan Refinance Review

Michael Lux Consolidation, Refinance, Student Loan Blog, Student Loan Reviews, Student Loans 0 Comments

Article Updated July 3, 2019 to reflect the latest interest rate information. PNC’s decision to enter the student loan refinance world is an interesting one.  The Student Loan Refinance marketplace is currently dominated by two types of lenders.  The first group is startups specializing in student loans like SoFi or …

Connext student loan refinance review

Connext Student Loan Refinance Review

Michael Lux Consolidation, Refinance, Student Loan Blog, Student Loan Consolidation Reviews, Student Loans 0 Comments

Article Update July 2nd, 2019: The Connext website has been down for several months now and it appears that they are no longer offering student loan refinancing.  If things change, this article will be updated accordingly.  For now, borrowers looking for student loan refinancing will have to investigate one of …