mailbag inheritance student loan payment

Will Getting an Inheritance or Large Gift Increase My Student Loan Payments?

Michael Lux Blog, Student Loans 0 Comments

One of the major perks of having federal student loans is that there are repayment plans based upon what you can afford to pay rather than what you owe. These Income-Driven Repayment plans ensure that federal student loan payments stay reasonably affordable. Things get tricky for borrowers who come into …

Turn a No into a Yes

Mailbag: Turning Student Loan Consolidation Rejection into an Acceptance

Michael Lux Blog, Consolidation, Lower Payments, Mailbag, Student Loans 3 Comments

Earlier this week I received the following email from a reader: I’m writing because recently I have been trying to consolidate my private loans and have run into a snag: I have too much debt with regard to my income (surprise!).  I have excellent credit and make the huge payments …