How to Get Out of Med School Debt-Free
This first-year medical student has a plan to graduate from medical school debt-free and thinks you can do it, too.
While it’s entirely possible to finish an undergraduate education debt-free, it’s become less likely that physicians and other high-income professionals can do the same. That’s why it’s so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them.
This first-year medical student has a plan to graduate from medical school debt-free and thinks you can do it, too.
You no longer have to guess at the outcome of your interest subsidy if you prepay your loan under RePAYE. A persistent doc found the answer for you.
This young periodontist is financially on the right track but with lots of expenses competing for his money. Many lessons to be learned for everyone in this episode.
With an ever-increasing divide in their debt-to-income ratio, a veterinarian will need a highly focused strategy to be financially successful. Here's some advice from a vet to help make that happen.
The National Institutes of Health (NIH) Loan Repayment Program is a way for academic physicians to pay off significant amounts of student loan debt. Learn about the program and how you might qualify.
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Are you freaking out and overwhelmed with student debt? You've poured over the website and podcasts but there is so much info you don't know where to start. You're not alone! You CAN do this. Sit down, make a budget and cut, cut, cut.
Managing your student loans properly can save tens or even hundreds of thousands of dollars. The higher your debt to income ratio, the more benefit to getting this right.
It's a pretty good life. And it's yours for the taking. The only cost is living like a resident for a few short years after training when you really don't even know what you're missing yet.
Laurel Road, the student loan refinancing division of DRB, is a sponsor of The White Coat Investor scholarship and a great option for refinancing your student loans at a lower rate.
Bo Liu writes about his reasoning behind switching from IBR to REPAYE. If you are mulling the same move (and you should be if you are in IBR), be sure to read his experience.
The National Health Service Corps offers both a loan repayment program and a scholarship program, but the scholarship program is way better, especially for dentists.
The first goal for most doctors is to get back to a net worth of zero. It will be far easier to do that if you don't have any credit card debt and if you "go nuts" on your student loans for your first year or two out of residency.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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