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 …

what happens if the federal government breaks the bank for student loan borrowers

Winners and Losers in Elizabeth Warren’s Student Loan Forgiveness Proposal

Michael Lux Blog 0 Comments

Elizabeth Warren is proposing massive student loan forgiveness. Student loan borrowers who have household incomes of less than $100,000 would have their debt forgiven up to $50,000.  Households in the $100,000 to $250,000 range would have the amount forgiven gradually reduced as income went up, and those making over $250,000 …

changes in the future for student debt

The Future of Student Loans: Predictions on Forgiveness, Free Tuition and Repayment Plans

Michael Lux Blog 0 Comments

Making exact predictions about the future of student loans is impossible.  There is no way to determine the precise changes that will be made or when they will happen.  However, it is certainly possible to make some educated predictions about what the future holds. The history of student loan legislation …