sofi compared to lendkey for student loan refinancing

SoFi vs. LendKey: Picking the Better Refinance Company

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

Article Updated 11/6/17 to include the latest available interest rate information. SoFi and LendKey are both premium student loan refinancing and consolidation companies.  At present they are ranked first and second out of 18 lenders in our student loan refinance rankings.  How is a borrower to pick the best lender? …

Fedloan servicing refinance and consolidation options

Consolidation and Refinancing with Fedloan Servicing (myfedloan)

Michael Lux Blog, Consolidation, Refinance, Strategy, Student Loans 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 often fall short of minimal quality standards expected by many borrowers and taxpayers.  The challenges of …

PNC consolidation comparison

PNC Student Loan Refinance Review

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

Article Updated October 4, 2018 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 …

Splash Student Loan Consolidation Review

Splash Financial Student Loan Refinance Review

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

Article Updated October 9, 2018 to reflect the latest available interest rate information and a new customer promotion of up to $2,000. The latest company to enter the student loan refinance marketplace is Splash Financial.  Splash Financial first entered the student loan refinance business as a lender focusing exclusively on …

The five most common refinance mistakes made by doctors and lawyers

Student Loan Refinance Mistakes Made By Doctors and Lawyers

Michael Lux Blog, Refinance, Strategy, Student Loans 0 Comments

High income earners with large debts, such as doctors and lawyers, are well positioned to save a small fortune on their student loans by refinancing or consolidating.  Mistakes in the refinance or consolidation process can likewise cost a small fortune.  Navigating these high stakes requires a careful strategy free from …

student loan refinance average borrower data

Average Borrower Income, Credit Score & Loan Balance When Refinancing

Michael Lux Blog, News, Refinance, Student Loans 0 Comments

The financial records provided by student loan refinance companies to investors contain some very interesting information. Many student loan refinance lenders elect to make loans available to outside investors.  From the perspective of the borrower, the loan terms and servicing do not change, but the profits and the risk of …