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? …

understanding student loans

Student Loan Basics

Michael Lux Basics, Blog, Student Loans 0 Comments

Student loans are often the subject of confusion.  To some, they are all pretty much the same.  To others, student loans are incredibly complicated and difficult to understand. Before jumping into repayment strategy and digging into tips and tricks for eliminating the debt, it is critical that a borrower understand …

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 …

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 …