help up young people

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 …

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 Blog, Strategy, Student Loans 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 …

clock countdown

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

Michael Lux Blog 0 Comments

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 — often utilizing student loan refinancing — was the most efficient way to pay off debt.  This path might make less sense now …

rolling the dice on student loan forgiveness

The Cost of Waiting for Elizabeth Warren to Forgive all Student Loans

Michael Lux Blog, News, Strategy 0 Comments

Editor’s Note: This article was originally published May 29, 2019.  It has been updated to include new information and analysis on Warren’s student loan forgiveness proposal currently in the Senate. Now that Elizabeth Warren has proposed forgiving most student loan balances below $50,000, some borrowers are considering put a halt …