by Michael: Financial Advice for Early-Career Physicians | Feb 20, 2024 | Student Loan Planning
Introduction Ever feel like your student loans are a confusing mess? Maybe you’ve got multiple servicers, a mix of undergrad and med school debt, or you’re not even sure which loans qualify for forgiveness. That’s where Direct Loan Consolidation comes in. ...
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) repayment plan has been a top choice for physicians looking to keep their monthly student loan payments as low as possible. It offers income-based payments, a cap on monthly payments, and eligibility for loan forgiveness, making...
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. For the...
