difficulty of qualifying for PSLF

How Hard Is It To Qualify For Public Service Loan Forgiveness (PSLF)?

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

Reports about how hard it is to qualify for Public Service Loan Forgiveness (PSLF) are all over the place. Some think that after ten years of government or non-profit work, loans will easily disappear. Others indicate that 99% of the people who apply for Public Service Loan Forgiveness are denied …

The Pros and Cons of Chasing After Student Loan Forgiveness

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

Chasing after student loan forgiveness seems like an obvious decision. Student debt disappearing is far preferable to the painful process of repayment in full. However, if we look beyond the obvious, there are significant pros and cons to going after student loan forgiveness. Student loan forgiveness comes in many forms. …

Student Loan Forgiveness: Policy Concerns & Unintended Consequences

Michael Lux Analysis, Student Loan Blog 0 Comments

Student loan forgiveness programs like Income-Driven Repayment and Public Service Loan Forgiveness are very popular with borrowers. These programs provide an excellent lifeline to borrowers in need. However, the unintended consequences of student loan forgiveness present major concerns from a policy standpoint. This article will focus on the concerns of …

The Impact of the Federal Interest and Payment Freeze on Loan Forgiveness (UPDATED)

Michael Lux Analysis, Student Loan Blog 0 Comments

Editor’s Note: This article was originally published on August 10, 2020. It has been updated to include new guidance on student loan forgiveness and the interest freeze provided by the Department of Education. The Coronavirus pandemic has caused the federal government to take unprecedented steps to help borrowers manage their …

review details

Expert Review of the Pete Buttigieg Student Loan Plan

Michael Lux Opinion, Student Loan Blog 0 Comments

Throughout the 2020 Democratic primary process, Mayor Pete Buttigieg has positioned himself as the moderate of the field. The Buttigieg plan for student loans is no exception. Unlike candidates Elizabeth Warren and Bernie Sanders, who are promising massive student loan forgiveness, Buttigieg’s approach is to make life with student debt …

balancing options between paying off student loans aggressively or going after forgiveness

Should I Refinance or Wait for Public Service Loan Forgiveness (PSLF)?

Michael Lux Refinance, Student Loan Blog 0 Comments

It is hard to overstate the importance of deciding between aggressively paying off your student loans through refinancing or waiting for student loan forgiveness. Doctors, lawyers, and many other professionals with graduate degrees often have well over $100,000 in federal student loans, and the wrong decision could cost thousands of …

Avoiding marriage for public service loan forgiveness

Waiting on Getting Married to Chase Public Service Loan Forgiveness

Michael Lux Student Loan Blog 0 Comments

The dirty little secret of student loan debt is that there can be a very real penalty to getting married. Student loan forgiveness programs, such as Public Service Loan Forgiveness, require a borrower to enroll in an Income-Driven Repayment (IDR) Plan.  The benefit of an IDR plan, is that borrowers …

public service loan forgiveness and IDR issues

Mega-Mailbag: PSLF Issues and Income-Driven Repayment Considerations

Michael Lux Mailbag, Student Loan Blog 0 Comments

In this giant mailbag we will be covering a range of student loan questions: everything from Cost of Attendance issues to the timing of an Income-Driven Repayment Plan request.  We also have a few Public Service Loan Forgiveness questions to cover as well. If you have a question for the …

is too much income a problem

Is It Possible to Earn Too Much To Qualify for PSLF?

Michael Lux Student Loan Blog, Student Loan Forgiveness 0 Comments

In this edition of the Student Loan Sherpa Mailbag, we take a look at Steve’s Public Service Loan Forgiveness dilemma. Steve is just a few years away from qualifying for Public Service Loan Forgiveness (PSLF). A big jump in salary, however, has him questioning whether PSLF has an income limit …