How to Prepare Student Loans for a Possible Bernie Sanders Presidency

Michael Lux 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 …

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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 …

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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 …