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 …

aggressive repayment or retirement investment

Should I Pay Off My Student Loan with a Low Interest Rate?

Michael Lux Strategy, Student Loan Blog, Student Loans 0 Comments

Americans owe nearly two trillion dollars in student debt. Many borrowers end up spending hundreds or even thousands of dollars per month in student loan interest alone. It is for this reason that many wisely choose to pay off their student loans aggressively. This aggressive approach is the recommended strategy …

How to Prepare Student Loans for a Possible Bernie Sanders Presidency

Michael Lux Student Loan Blog, Student Loans 0 Comments

Though we are early in the Democratic primary process, at this point, Bernie Sanders  the frontrunner to secure the Democratic nomination. For many student loan borrowers, this comes as an exciting development. Bernie Sanders has promised to eliminate all existing student loans — both federal and private. Sanders may have …

calculations

IBR and PAYE Strategy in Community Property States

Michael Lux Student Loan Blog 0 Comments

On their own, income-driven repayment plans like Income-Based Repayment (IBR) and Pay As You Earn (PAYE) can be complicated. When borrowers get married, the repayment strategy and calculations get even more complicated. The married borrowers who live in community property states face the most complication. Couples who live in community …