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Why Lowering Federal Payments to Pay Off Private Loans Can be the Smart Approach

Michael Lux Blog, Strategy 0 Comments

One of the most common student loan repayment strategies is to pay off the highest interest student loan first. But this one size fits all approach isn’t always the best idea. In many cases, student loan borrowers should focus on paying off their private loans before attacking their federal loans. …

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Student Loan Forgiveness for Private Sector Employees

Michael Lux Blog, Strategy 0 Comments

Public Service Loan Forgiveness gets all of the headlines, but most Americans are employed by a private sector, for-profit employer. Do these employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including private sector and for-profit …

exit REPAYE PAYE IBR

When is it time to give up on Income-Driven Repayment Plans like IBR, PAYE, and REPAYE?

Michael Lux Blog, Strategy 0 Comments

Income-Driven Repayment plans like IBR, PAYE, and REPAYE are the gold standard for repayment flexibility. Borrowers make payments based upon what they can afford, rather than what they owe. Unfortunately, these highly regarded plans are not always the best option for student loan borrowers. Even though IBR, PAYE, and REPAYE …