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 …

exit REPAYE PAYE IBR

When is it time to give up on Income-Driven Repayment Plans like IBR, PAYE, and REPAYE?

Michael Lux Blog, Strategy 0 Comments

Income-Driven Repayment plans like IBR, PAYE, and REPAYE are the gold standard for repayment flexibility. Borrowers make payments based upon what they can afford, rather than what they owe. Unfortunately, these highly regarded plans are not always the best option for student loan borrowers. Even though IBR, PAYE, and REPAYE …

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 …