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Michael Lux
203 followers -
Founder of The Student Loan Sherpa and battler of student debt
Founder of The Student Loan Sherpa and battler of student debt

203 followers
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Navient's conduct is estimated to have added $4 billion to the national student loan debt - Attorney General of Mississippi https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html
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CFPB Director worried about moral consequences and the long term impact of "teach[ing] an entire generation of people that the first major loan they take out, they don't have to pay back" https://www.cnbc.com/2018/09/12/cfpb-acting-director-mick-mulvaney-worries-about-student-loan-debt.html
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Really dumb headline here, but there is a lesson... think twice before co-signing on someone else's debt. https://www.cnbc.com/2018/09/11/heres-how-to-protect-yourself-fromsexually-transmitted-debt.html
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Tax Reform 2.0 might have a little nugget for student loan borrowers: https://studentloansherpa.com/529-changes-tax-reform/
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Student loans are often the subject of confusion.  To some, they are all pretty much the same.  To others, student loans are incredibly complicated and difficult to understand. Before jumping into repayment strategy and digging into tips and tricks for…
Student Loan Basics
Student Loan Basics
studentloansherpa.com
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Refinancing debt can be a powerful financial move.  The investment of time is relatively minimal and the process can save hundreds of dollars a month, and many thousands of dollars in interest over the life of the loan.  For this reason, many people…
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In January of 2017, the Consumer Financial Protection Bureau aggressively went after federal student loan servicer Navient.  “At every stage of repayment, Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid…
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As the class of 2018 collects their diplomas, not all of these graduates will be jumping right into the job of their dreams.  Some may have an entry-level job that barely pays the bills.  Others may not have found a job in their desired field.  Worst of…
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