Scam or Legit: Student Loan Forgiveness, Consolidation and Special Programs

Michael Lux Scam Alerts, Student Loan Blog 0 Comments

Identifying and avoiding student loan scams is challenging. I routinely see advertisements for student loan forgiveness, consolidation, and other special programs. As a lawyer who has advocated for borrowers for nearly a decade, I sometimes struggle to determine what services are legitimate and what is a scam. It is easy …

Student Loan Relief Ignored in New Stimulus Bill: Don’t Panic Yet

Michael Lux Analysis, Student Loan Blog 0 Comments

Today Congress will be passing a new Covid-19 related stimulus bill. Unfortunately, the relief doesn’t include an extension of the 0% interest and payment freeze on federal student loans. Earlier versions of the bi-partisan legislation included an extension on the federal student loan payment and interest suspension currently set to …

Student Loan Forgiveness: Policy Concerns & Unintended Consequences

Michael Lux Analysis, Student Loan Blog 0 Comments

Student loan forgiveness programs like Income-Driven Repayment and Public Service Loan Forgiveness are very popular with borrowers. These programs provide an excellent lifeline to borrowers in need. However, the unintended consequences of student loan forgiveness present major concerns from a policy standpoint. This article will focus on the concerns of …