by Michael: Financial Advice for Early-Career Physicians | Feb 19, 2024 | Student Loan Planning
Overview For most early-career physicians, the Saving on a Valuable Education (SAVE) Income-Driven Repayment plan offers the lowest monthly student loan payments and is the go-to plan during training. An often overlooked aspect of Income-Driven Repayment plans is...
by Michael: Financial Advice for Early-Career Physicians | Feb 18, 2024 | Student Loan Planning
Overview Income-Based Repayment (IBR) is one of the many Income-Driven Repayment (IDR) plans, often confused with the broader IDR category. While IBR hasn’t been the most popular option in recent years, it’s expected to become the go-to plan for...
by Michael: Financial Advice for Early-Career Physicians | Feb 17, 2024 | Student Loan Planning
Overview The Pay As You Earn (PAYE) Income-Driven Repayment (IDR) plan was once the best option for higher-earning physicians. However, the last day to enroll in PAYE was June 30, 2024. For many new doctors with higher incomes, PAYE provided the lowest monthly...
by Michael: Financial Advice for Early-Career Physicians | Feb 16, 2024 | Student Loan Planning
Overview The Saving on a Valuable Education (SAVE) plan is one of the most generous Income-Driven Repayment (IDR) options available. For many new doctors, SAVE often results in the lowest monthly student loan payment. One standout feature of SAVE is its 100%...
by Michael: Financial Advice for Early-Career Physicians | Feb 15, 2024 | Student Loan Planning
Overview Many student loan borrowers experience sticker shock when their first payment comes due after graduation. Why is that? By default, upon graduating from college or medical school, you’re enrolled in the 10-Year Standard Repayment Plan....
by Michael: Financial Advice for Early-Career Physicians | Feb 6, 2024 | Student Loan Planning
Overview Attention 4th-Year Medical Students! Imagine paying $0 per month for your student loans throughout your first three years of residency. What if the money you save could go towards other financial goals, like securing own-occupation disability...
