Student Loan Sherpa | Home of Student Loan Expert Michael Lux

Parent PLUS loans are in many ways the black sheep of the federal student loan system. Federal loans are usually considered to be far superior to private loans, in part because of the great repayment plans and forgiveness programs that are available...

For most student loan borrowers, SAVE is by far the best federal student loan repayment plan. It has the most generous definition of discretionary income, requires borrowers to pay the smallest percentage of their income, and has a generous subsidy that...

After the Supreme Court struck down Biden’s one-time plan to forgive up to $20,000 per federal student loan borrower, a recent lawsuit has many borrowers and student loan advocates concerned that the new SAVE repayment plan might face the same fate.
Although headlines make the lawsuits appear similar, key differences suggest that this particular lawsuit will be unsuccessful....

Sloan is the newest servicer of federal student loans. Unlike bigger servicers like Nelnet and MOHELA, Sloan will only handle one specific type of federal loans: commercial FFEL loans.
What does this mean for borrowers?
Dealing with a new servicer is always a headache, but by specializing in commercial PLUS loans, the hope is that servicer guidance will be more accurate....