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Home The Blog Money Saving Tips

Tag Archive

Below you'll find a list of all posts that have been tagged as “Money Saving Tips”

father parent child fight

How Children Can Help Parents Repay Parent PLUS Loans

Michael Lux December 4, 2019 Blog, Strategy 0 Comments

There is a debate about who should be expected to pay for Parent PLUS loans. Those looking at things from a moral standpoint might reach a different conclusion than those looking at it from a legal point of view. What isn’t up for debate is the fact that paying off Parent …

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Money Saving Tipsparentsrepayment
options and directions to go

Should I Auto-Pay My Student Loans?

Michael Lux November 18, 2019 Blog, Strategy 0 Comments

Setting up an automatic monthly debit for student loans is usually a relatively simple process with most lenders. Many even offer a slightly reduced interest rate as an incentive for auto-debits. Is giving a student loan servicer the authority to auto-pay student loans a good idea? In many cases, automatic …

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interest rateslower paymentsMoney Saving Tipsstudent loans
credit card

Yes, Paying for College with a Credit Card can be a Smart Decision

Michael Lux October 10, 2019 Blog, Strategy 0 Comments

There may be some debate about the severity of the student loan crisis, but what isn’t up for debate is the fact that student loans are becoming a serious issue for many Americans. As people learn the dangers of student debt, it is logical to ask: could paying for college …

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Money Saving Tipsstrategystudents
fork in the road a college

Going to a Top School vs. Saving Money

Michael Lux September 23, 2019 Blog, Money Saving Tips, Student Loans 3 Comments

For some, the question is do I take out student loans to pay for the top-ranked school or do I accept a full-ride at a state school. For others, the question is do I pay full tuition at the local university or save money by going to a community college. …

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blogMoney Saving Tipsstrategystudent loans
college student reads a book

Student Loan Tips and Suggestions for Borrowers Still in School

Michael Lux May 12, 2019 Blog 0 Comments

I’ve been helping people with their student loans since 2013.  Of the thousands of borrowers I’ve come across, only a handful have been worried about their loans while they still are in school. To put it bluntly, many people spend their time in school creating student loan problems, and then …

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Money Saving TipsstrategyStudentstudent loans
two puzzle pieces combine to help pay off student loans

The Two Most Effective Ways to Eliminate Student Debt

Michael Lux April 9, 2019 Blog 0 Comments

Confession Time: For over five years this site has largely ignored two steps that can be taken that would help people dramatically reduce their student debt. To be fair, the things that we focus on, such as careful tax planning, finding ways to lower interest rates, and pursuing student loan …

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Money Saving Tipsstrategystudent loans
use library to attack student debt

Feeling Student Debt Pressure? Go to the Library

Michael Lux January 30, 2018 Blog, Money Saving Tips, Student Loans 0 Comments

Spending time at the local library won’t make your student loans disappear overnight.  However, it will help borrowers struggling with student debt in a number of different ways.  Not only is the local library free, but it is an excellent resource in eliminating student loans. The many wonderful services of …

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blogMoney Saving Tipsstudent loans
Financial Lessons to Learn Before College

Personal Finance Lessons to Learn BEFORE College

Michael Lux July 16, 2017 Blog, Money Saving Tips, Student Loans 0 Comments

In many ways college is the perfect environment for learning.  Most students are on their own for the first time, and the lessons they learn, both in and out of the classroom will last a lifetime. Unfortunately, many recent college graduates learn some very expensive lessons too late.  While millions …

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blogMoney Saving Tipsstudent loans

Student Loans, Rent, and Retirement: How to Build Wealth and Fight Debt

Michael Lux June 13, 2019 Blog, Money Saving Tips, Student Loans 0 Comments

Paying off student loans is an uphill battle.  Interest rates work against you and loan servicers frustrate the process.  Making things even more complicated is the fact that we do not pay off student loans in a vacuum, life goes on during repayment.  There are other expenses, and far off …

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blogMoney Saving Tipsstudent loans

Retirement Planning for IBR and PAYE borrowers

Michael Lux July 23, 2017 Blog, Lower Payments, Money Saving Tips, Student Loans 6 Comments

Planning for retirement always seems to take a backseat when it comes to dealing with student loans.  In many ways the debts of the past make planning for the future difficult. The many variables of IBR and PAYE make planning even more difficult.  At present, loans can be forgiven after …

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blogMoney Saving Tipsstudent loans
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  • About the Sherpa:

    Photo of Student Loan Expert Michael LuxStudent loan expert Michael Lux is a licensed attorney and the founder of The Student Loan Sherpa.

    The Student Loan Sherpa was created in 2013 to help borrowers manage the financial and mental strain of student debt.  It also serves as a platform for borrower advocacy and education.

    Insight from Michael Lux has been featured in US News & World Report, Forbes, The Wall Street Journal and numerous other online and print publications.

    Michael is available for speaking engagements and to respond to press inquiries.

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    The goal of this site is to draw from many years of personal experience with student loans in order to guide borrowers who are navigating their own mountain of debt.

    Dealing with student loans can be scary and overwhelming. By offering insight that can only come from experience, we hope to make it a little more manageable.

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