Sherpa Tip: Ask for Lower Payments Even If You Don’t Need Them

Michael Lux Blog, Lower Payments, Strategy, Student Loans 0 Comments

For those attempting to aggressively eliminate their student loans, asking for lower payments may seem like a step in the wrong direction. However, getting lower payments has a huge advantage… flexibility.  That flexibility can be used to eliminate high interest debt and lead to student loan freedom sooner rather than …

Getting a Lower Interest Rate from FedLoan Servicing (MyFedLoan)

Michael Lux Blog, Lower Payments, Strategy, Student Loans 0 Comments

FedLoan Servicing, often called MyFedLoan, is one of the largest servicers of federal government student loans.  In addition to being one of the biggest federal loan servicers, they have a reputation for being one of the worst.  Unfortunately, this makes getting answers to some of the most basic questions difficult. …

Student Loan Plan: Refinance Just High-Interest Loans or All Loans?

Michael Lux Blog, Consolidation, Lower Payments, Student Loan Plan, Student Loans 0 Comments

In this edition of the Student Loan Plan, we discuss the refinancing and consolidation strategy for Amy, who has $42,000 in private student loans between two companies.  If you want tips for dealing with your student loans, contact us. Amy writes: I have two private loans; one from Discover with a …

How to Refinance Federal Student Loans at a Lower Interest Rate

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

Refinancing your federal student loans can be a savvy financial move.  The refinancing process allows borrowers to lock in lower interest rates and get debt free faster.  Though there are a few landmines that should be avoided, the refinancing process is relatively simple and painless. The Refinancing Process Because the …