option responsible borrowers overlook

The $1000 Mistake Made by Responsible Borrowers

Michael Lux Blog 0 Comments

Repaying student loans is a long difficult marathon.  Smart borrowers know that the interest on the loan is the real enemy.  Payments towards interest do not lower the balance owed; interest payments are simply lender profits.  For this reason, many responsible borrowers pay a little extra each month towards their …

Fedloan servicing refinance and consolidation options

Consolidation and Refinancing with Fedloan Servicing (myfedloan)

Michael Lux Blog, Consolidation, Refinance, Strategy, Student Loans 0 Comments

Fedloan Servicing, also known as myfedloan, is one of the largest servicers of federal student loans.  Though Fedloan Servicing has been entrusted by the government to manage billions of dollars in student loans, they often fall short of minimal quality standards expected by many borrowers and taxpayers.  The challenges of …