help up young people

The College Affordability Act is a Game Changer, Especially for Parents

Michael Lux Blog, News 0 Comments

This week the House Democrats introduced the College Affordability Act of 2019. The news may have gotten buried beneath the many other headlines out of Washington, but the significance of the College Affordability Act should not be overlooked. Even if the bill does not get through Congress, it is a …

old newspaper clippings

Student Loan News Archive 2013

Michael Lux Blog, News 0 Comments

The fundamental goal of the Student Loan Sherpa is to be a resource for student loan borrowers. That means providing up to date insight and guidance as the rules change and evolve. It also means reporting the latest news and developments in the world of student loans. Things get tricky …

rolling the dice on student loan forgiveness

The Cost of Waiting for Elizabeth Warren to Forgive all Student Loans

Michael Lux Blog, News, Strategy 0 Comments

Editor’s Note: This article was originally published May 29, 2019.  It has been updated to include new information and analysis on Warren’s student loan forgiveness proposal currently in the Senate. Now that Elizabeth Warren has proposed forgiving most student loan balances below $50,000, some borrowers are considering put a halt …

Settlement for Navient?

CFPB Organization Shuffle Could Mean Sweetheart Deal For Navient

Michael Lux Blog, News, Student Loans 0 Comments

In January of 2017, the Consumer Financial Protection Bureau aggressively went after federal student loan servicer Navient.  “At every stage of repayment, Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid more for their loans because Navient illegally cheated them and today’s action seeks …