Every Student Loan Question Answered
Whenever we’re asked a question on student loans, we put it here. If you’re looking for an answer, and don’t see it in this post, send us a message below and we’ll notify you when your question is posted with our answer! Have another question? Submit it: [contact form with name, email, message]…
Read MoreTypes of Student Loans
The Difference Between Federal and Private Student Loans There are two types of student loans: federal loans and private loans. Within each of these two categories, you have several different choices. But within all of these choices, there are distinct differences between them, and you need to be aware of the differences. Being armed with…
Read MorePublic Service Loan Forgiveness for Physicians
Public Service Loan Forgiveness offers full federal student loan forgiveness for physicians who work for a non-profit organization. This 10-year program can pay off all of your student loans if you meet the qualifications. Here’s What You Need To Do To Qualify: To use Public Service Loan Forgiveness, you’ll need to meet three main…
Read MoreMilitary Student Loan Forgiveness for Physicians
The College Loan Repayment Program (CLRP) is the primary student loan repayment program that gives guidance to all branches of the military for their individual programs. Each military branch is allowed to decide how much it offers. For all of the programs below, your loans will need to be federal and not in default. …
Read MoreStudent Loan Repayment Options for Physicians
There are two main groups of repayment plans for federal or private student loans; Income-Driven and Non-Income Driven. Within each of these two main groups, there are many repayment plans for you to choose from, each with their own benefits. Income Driven Repayment Plans This group includes the following repayment plans: REPAYE PAYE…
Read MoreStudent Loans and the National Health Service Corps
The National Health Service Corps brings health professionals to high-need areas of America by offering extra benefits, through student loan repayment, to otherwise low-paying and possibly undesirable positions. The National Health Service Corps (NHSC) serves two roles: 1) To award scholarships to students training to become health care workers. 2) To pay school…
Read MoreTypes of Investments for Physicians
How do you narrow down your investment choices and what types of investment choices do doctors have? In your employer-sponsored retirement plans, an investment manager oversees your portfolio and limits the options available to you. If you’re investing outside of an employer-sponsored retirement plan, the investment decisions might be left up to you. In order…
Read MoreLife After Residency: Get Your Financial Life In Order
One resident I met described these steps for the way to get through residency training: Never stand when you can sit; never sit when you can sleep; and see a doughnut, eat a doughnut. In other words, when you are a resident, life is tough and you eat what you can when you…
Read MoreStudent Loan Stats & News
Current Student Loan Borrower Data Why do we track data on student loans? Finding trends in the data helps us better understand the impacts of student loans on borrowers over time. This data is directly from the Department of Education and is available to the public through their data portal at studentaid.gov/data-center/student. We used the…
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