LeverEdge Student Loans and Student Loan Refinancing Review

Michael Lux Blog, Student Loan Consolidation Reviews, Student Loan Reviews 0 Comments

LeverEdge is a student loan company with a unique strategy. LeverEdge doesn’t fund student loans. Instead, they pool borrowers together in order to negotiate a group discount on student loans and student loan refinancing. Hence the name, LeverEdge. As a company new to the student loan space, it is a …

the year 2020 in the sand

The Best Student Loan Refinance Rates for September 2020

Michael Lux Blog, Consolidation, Refinance 0 Comments

*Rate Tables Updated as of September 2nd, 2020 September 2020 may be the most competitive we have ever seen the student loan refinance marketplace. Prior to the Covid-19 pandemic, tech companies like SoFi and Earnest tended to offer the best refinance rates while the traditional banks and lenders lagged behind. …

Student Loan Refinancing for Government Employees

Michael Lux Blog, Strategy 0 Comments

Government workers considering a refinance of their student loans need to be especially careful. The allure of lower monthly payments and a better interest rate can be tempting. However, borrowers should understand that while there are circumstances where a refinance might make sense, a mistake refinancing can be financially catastrophic. …

Using a Refinance or Consolidation to Simplify Bill Payments is Dumb

Michael Lux Blog, Opinion 0 Comments

Both federal student loan consolidation and private student loan refinancing have significant advantages. These two processes can easily save borrowers thousands of dollars when done correctly. However, both federal consolidation and private refinance come with significant risks. The potential dangers are part of the reason that I hate to see …

Get a Lower Interest Rate on a Firstmark Services Student Loan

Michael Lux Blog, How to Guides, Strategy 0 Comments

Student loan borrowers who have to work with Firstmark Services usually don’t have a choice. Many lenders pay Firstmark to handle the day to day management of student loans, including answering borrower questions and collecting payments. For the over half a million consumers that are forced to work with Firstmark, …

Multiple Student Loan Refinance: the Costs, the Lenders and How to Avoid a Mistake

Michael Lux Blog, Strategy 0 Comments

Refinancing a refinance student loan might sound redundant, but it is an excellent way for borrowers to eliminate debt more efficiently. Not all borrowers should try to refinance their student loans a second time, but in many circumstances, the permitted extra refi can save a bundle and provide some financial …