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Will Getting an Inheritance or Large Gift Increase My Student Loan Payments?

Michael Lux Blog, Student Loans 0 Comments

One of the major perks of having federal student loans is that there are repayment plans based upon what you can afford to pay rather than what you owe. These Income-Driven Repayment plans ensure that federal student loan payments stay reasonably affordable. Things get tricky for borrowers who come into …

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Do I Pay Off My Loans or Wait for Forgiveness from Sanders or Warren?

Michael Lux Blog, Strategy 1 Comment

Editor’s Note: This article has been updated on January 16, 2020, to reflect Senator Warren’s plan to forgive student debt without Congressional approval. Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively …

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Student Loan Forgiveness for Private Sector Employees

Michael Lux Blog, Strategy 0 Comments

Public Service Loan Forgiveness gets all of the headlines, but most Americans are employed by a private sector, for-profit employer. Do these employees have access to student loan forgiveness programs? How do they qualify? All federal student loan borrowers are eligible for student loan forgiveness, including private sector and for-profit …

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The College Affordability Act is a Game Changer, Especially for Parents

Michael Lux Blog, News 0 Comments

This week the House Democrats introduced the College Affordability Act of 2019. The news may have gotten buried beneath the many other headlines out of Washington, but the significance of the College Affordability Act should not be overlooked. Even if the bill does not get through Congress, it is a …