loan sign illuminates the consequences of refinancing or consolidation on credit scores

Student Loan Consolidation and Refinancing: Is it Good or Bad for my Credit Score?

Michael Lux Best Of, Blog, Consolidation, Lower Payments, Student Loans 82 Comments

Many student loan borrowers are able to improve their credit score by consolidating or refinancing their student loans.  Unfortunately, not all borrowers see an increase in their score.  Some borrowers may actually see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are …

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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 …

student loan sherpa examines discover and other bar study lenders

Discover Bar Study Loan Review

Michael Lux Blog 0 Comments

There is a lot to like about Discover’s Bar Study Loan. Discover is pretty transparent about their policies.  The US-based customer support is a huge plus, and Discover doesn’t charge any fees on the loan… not even a late fee for borrowers who miss a payment. Unfortunately, Discover falls short …

Taking a close look at the discover student loan refinance option.

Discover Private Student Loan Consolidation and Refinancing

Michael Lux Blog, Student Loan Consolidation Reviews 0 Comments

Discover joins a crowded marketplace of lenders offering student loan consolidation and refinancing services. Though the loans that Discover offers are not groundbreaking, they will appeal to a number of borrowers. Those most likely to be impressed will be consumers that like working with Discover and those that appreciate 100% …

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PNC Bar Study Loan Review

Michael Lux Blog 0 Comments

The good news is that compared to other bar study loan lenders, PNC is one of the best options available. The bad news is that most bar study loans are pretty terrible and the PNC loan certainly has its fair share of warts. Bar Study Loan Basics The purpose behind …