erase student debt

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 …

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 …

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Eight Alternatives to Student Loan Forgiveness for All

Michael Lux Blog, Opinion 0 Comments

Editors Note: This article was originally published June 25, 2019. It has since been updated to include details on candidate proposals. The hot political debate right now is whether or not student loan forgiveness for all borrowers is a good idea. Presidential candidates Elizabeth Warren and Bernie Sanders both have released …

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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 …