sherpa explains when federal student loan consolidation is a good idea and when it is a mistake

The Complete Guide to Federal Student Loan Consolidation

Michael Lux Blog 0 Comments

Federal student loan consolidation isn’t easy for many borrowers to navigate. For some borrowers, federal student loan consolidation is an essential step to getting their student debt eliminated. For others, federal student loan consolidation would be a major mistake. Determining whether or not consolidation should be done is an essential …

Taking a close look at the discover student loan refinance option.

Discover Private Student Loan Consolidation and Refinancing

Michael Lux Blog, Student Loan Consolidation Reviews 0 Comments

Article Last Updated July 3, 2019 to reflect the latest interest rate information. Discover joins a crowded marketplace of lenders offering student loan consolidation and refinancing services. Though the loans that Discover offers are not groundbreaking, they will appeal to a number of borrowers. Those most likely to be impressed …

tips for lender calls

10 Tips for Dealing with Your Lender Over the Phone

Michael Lux Best Of, Blog, Consolidation, Lower Payments, Student Loans 0 Comments

Phone calls with lenders can be especially stressful.  For many borrowers, student loans are by far their biggest debt.  Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service.  This combination of financial pain and terrible customer service can be …

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 …

Connext student loan refinance review

Connext Student Loan Refinance Review

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

Article Update July 2nd, 2019: The Connext website has been down for several months now and it appears that they are no longer offering student loan refinancing.  If things change, this article will be updated accordingly.  For now, borrowers looking for student loan refinancing will have to investigate one of …

EDvestinU reviews student loan refinance

EDvestinU Student Loan Refinance and Consolidaiton Review

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

Article Updated 7/3/19 to reflect the latest interest rate information. EDvestinU is a funny sounding student loan refinance company that offers an excellent deal to certain student loan borrowers.  EDvestinU scores points for being a non-profit and for consumer transparency.  The short-term interest rates are not the most competitive, but …