Is it a Mistake to Refinance Student Loans During the Coronavirus Pandemic?

Michael Lux News, Strategy, Student Loan Blog 2 Comments

Covid-19 has had a profound impact on many aspects of our lives. Managing student loans is no exception. The fast-changing economic conditions have had a significant influence on the student loan refinance process. Due to these changes, many borrowers may want to delay refinancing their student loans, as it could …

Trump Freezes Student Loan Interest: The Details We Know So Far

Michael Lux News, Strategy, Student Loan Blog 0 Comments

On Friday, March 13, President Trump announced that he was pausing student loan interest “until further notice” to help support a slumping economy. At this point, many of the details are still being worked out. The Department of Education is awaiting instructions from the White House while the nine federal …

plan B on student loan forgiveness for all

Eight Alternatives to Student Loan Forgiveness for All

Michael Lux Opinion, Student Loan Blog 0 Comments

Editors Note: This article was originally published June 25, 2019. It has since been updated to include details on candidate proposals. The hot political debate right now is whether or not student loan forgiveness for all borrowers is a good idea. Presidential candidates Elizabeth Warren and Bernie Sanders both have released …

rolling the dice on student loan forgiveness

The Cost of Waiting for Elizabeth Warren to Forgive all Student Loans

Michael Lux News, Strategy, Student Loan Blog 0 Comments

Editor’s Note: This article was originally published May 29, 2019.  It has been updated to include new information and analysis on Warren’s student loan forgiveness proposal currently in the Senate. Now that Elizabeth Warren has proposed forgiving most student loan balances below $50,000, some borrowers are considering put a halt …