Do I need a divorce for lower student loan payments?

Michael Lux Strategy, Student Loan Blog 1 Comment

For many borrowers, the best way to lower payments on federal student loans is to enroll in an income-driven repayment plan. These income-driven plans, such as Income-Based Repayment and Revised Pay As You Earn, require payments based upon a borrower’s income rather than the loan balance. This results in a …

Step-by-Step Guide to Lowering Sallie Mae Interest Rate and Payments

Michael Lux Interest Rates, Student Loan Blog 59 Comments

Sallie Mae has a Rate Reduction Program that can help you get a lower Sallie Mae interest rate and, as a result, lower your monthly payments. The following eight steps provide a framework for enrolling in this program. Before jumping into the steps, however, please take note of these essential …