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Why Lowering Federal Payments to Pay Off Private Loans Can be the Smart Approach

Michael Lux Blog, Strategy 0 Comments

One of the most common student loan repayment strategies is to pay off the highest interest student loan first. But this one size fits all approach isn’t always the best idea. In many cases, student loan borrowers should focus on paying off their private loans before attacking their federal loans. …

laurel road student loan refinance

Laurel Road Review: Student Loan Refinancing and Consolidation

Michael Lux Blog, Consolidation, Student Loan Consolidation Reviews, Student Loans 1 Comment

Article updated November 7, 2019, to include the latest interest rate information. For the past five years, Laurel Road has been one of the top student loan refinance lenders. Laurel Road has built its reputation on being a top choice for healthcare professions, especially doctors, optometrists, and dentists. However, we …

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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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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 …