Student Loan Articles

Student loan interest deduction

Student Loan Interest Deduction

By Joseph Reinke, CFA With the passage of the new tax bill, many Members of FitBUX have emailed me about the student loan tax deduction "controversy" and have asked for ...
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Public Service Loan Forgivess and IDR PROSPER Act

Proposed PSLF and IDR Changes

Proposed Changes to Federal Student Loan Repayment Programs The PROSPER Act The PROSPER Act (Promoting Real Opportunity, Success and Prosperity through Education Reform) was introduced on December 1, 2017 ...
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Student Loan repayment

Another Student Loan Servicer Horror Story

A Member of FitBUX had a terrible experience with her Federal student loan servicer which we've found happens way to often.  She was kind enough to put her story in ...
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Dave Ramsey Snowball Method

Student Loan Repayment: Dave Ramsey or High Interest Rate?

By Joseph Reinke, CFA, CEO of FitBUX Many have used FitBUX’s MyFit Student Loan Solution and have asked us about implementing Dave Ramsey’s Snowball Method for repaying student loans ...
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FitBUX Sign-up Competition

Many have asked how to best spread the (good) word about FitBUX. We’ve got some great news (and money!) to share: We’re launching a “sign-up contest” starting today to ...
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student Loan payment

How Student Loan Servicers Can Cost You Thousands

By Joseph Reinke, CFA, CEO of FitBUX Student loan servicers work for the Federal government not you!  The CFPB receives numerous complaints about them not applying payments correctly.  Well, ...
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Student Loans vs. Mortgage Crisis

Student Loans Vs. The Mortgage Crisis

Are we headed for a student loan bubble? With Joe Reinke, CEO of FitBUX Joseph Reinke, the CEO of FitBUX, discuss whether or not we are currently headed towards ...
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Direct Grad Plus Student loans Private Student Loans

Direct Grad Plus or Private Student Loans, a Must Read for Grad School Students

By Edmund Lau, CFA We’ve had the fortune of helping thousands of graduate students sort out their student loans and create a solid repayment strategy that works with their goals ...
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4 Things To Know About Student Loan Consolidation

4 Things To Know About Student Loan Consolidation

By Joseph Reinke, CFA, CEO of FitBUX Two of the top questions we get when doing student loan presentations and workshops for various programs across the country are: “What ...
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Money Reserve Account

FitBUX Case Study: IDR & A Reserve Account

By Joseph Reinke, CFA, CEO of FitBUX “It’s not just about student loans, it’s about your entire life!” This is often how we explain FitBUX’s innovative technology to new ...
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income driven repayment plan misuse

#1 Misuse Of Income Driven Student Loan Repayment Plans

By Joseph Reinke, CFA, CEO of FitBUX I often tell others, “Every financial product has its purpose and if used correctly can be an effective component of your personal ...
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Student loan debt concept. Woman with heavy box debt carrying it

#2 Misuse Of Income Driven Student Loan Repayment Plans

By Joseph Reinke, CFA, CEO of FitBUX Every financial product has its purpose and if used correctly can be an effective component of your personal finance arsenal.  However, many ...
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student loan income driven repayment plan

Government Taking Social Security For Student Loan Payments

By Joseph Reinke, CEO of FitBUX The Wall St. Journal recently published an article that highlights the need to plan for your future if you are using a Federal ...
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Psychology Biases Money

3 Psychological Biases and Your Money

By Joseph Reinke, CFA, CEO of FitBUX Many of you have heard me say during a presentation or a podcast that I have a bias towards paying off debt, ...
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Using An Income Driven Student Loan Repayment Plan? Avoid This Costly Mistake

By Joseph Reinke, CFA, CEO of FitBUX When it comes to Federal income driven repayment ("IDR") plans for student loans, it seems that everyone from ‘Financial experts’ to your peers ...
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Variable rate student loan refinance

4 Easy Steps In Deciding To Refinance With A Variable Rate Student Loan

By Joseph Reinke, CFA Often times when we refinance our student loans, we ask ourselves one simple question: Does refinancing save me money? The marketing geniuses at lending companies ...
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Income Driven Repayment

Prepaying Student Loans? Federal Income Driven Repayments Plans May Still Benefit You

By: Joseph Reinke, CFA, CEO of FitBUX Federal income driven repayment (“IDR”) student loan plans are often discussed by many students and recent graduates.  However, those who want to ...
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Public Service Loan Forgiveness

Public Service Loan Forgiveness – Getting the Most out of PSLF (Part 3 of 3)

By: Edmund Lau, CFA If you are new to Public Service Loan Forgiveness (“PSLF”), please be sure to read our first and second articles in this series. This is ...
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Student Loan Grace Period

Student Loan Grace Period: What You Need To Know

By Joseph Reinke, CFA When I speak to recent graduates about their student loan grace period,  I often hear two very different answers.  The first, "I want to start ...
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Public Service Loan Forgiveness

Public Service Loan Forgiveness – How Much Could I Save? (Part 2 of 3)

By: Edmund Lau, CFA If you are new to Public Service Loan Forgiveness (“PSLF”) and need a basic primer, please be sure to read our first article. This is ...
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