Opinion: It is Time for the Government to Automate Income-Driven Repayment Certification

Michael Lux Blog, Opinion 0 Comments

Each year, borrowers on income-driven student loan repayment plans are required to certify their income. In most cases, borrowers authorize the Department of Education to access their most recent tax return. This information is used to calculate monthly payments for the next year. While the income certification process is relatively …

Using a Refinance or Consolidation to Simplify Bill Payments is Dumb

Michael Lux Blog, Opinion 0 Comments

Both federal student loan consolidation and private student loan refinancing have significant advantages. These two processes can easily save borrowers thousands of dollars when done correctly. However, both federal consolidation and private refinance come with significant risks. The potential dangers are part of the reason that I hate to see …

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Expert Review of the Pete Buttigieg Student Loan Plan

Michael Lux Blog, Opinion 0 Comments

Throughout the 2020 Democratic primary process, Mayor Pete Buttigieg has positioned himself as the moderate of the field. The Buttigieg plan for student loans is no exception. Unlike candidates Elizabeth Warren and Bernie Sanders, who are promising massive student loan forgiveness, Buttigieg’s approach is to make life with student debt …

plan B on student loan forgiveness for all

Eight Alternatives to Student Loan Forgiveness for All

Michael Lux Blog, Opinion 0 Comments

Editors Note: This article was originally published June 25, 2019. It has since been updated to include details on candidate proposals. The hot political debate right now is whether or not student loan forgiveness for all borrowers is a good idea. Presidential candidates Elizabeth Warren and Bernie Sanders both have released …