PSLF
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Trump Student Loan Repayment Could Cost You a Lot More Money
- May 25, 2017
- Posted by: Travis
- Category: Government, Income Driven Repayment, PSLF
1 Comment
What is the Trump student loan repayment plan? Let me start with some good news. Based on the original documents and proposals I’ve reviewed, most people who already have loans or who are currently in school will probably not be affected. However, for folks going to school in the fall of 2018 and beyond, a massive
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Trump Education Budget Seeks Repeal of PSLF, PAYE, REPAYE, and IBR
- May 18, 2017
- Posted by: Travis
- Category: Government, Income Driven Repayment, PSLF
The Washington Post reports that it has a yet to be released Dept of Education budget proposal showing radical changes to student loan policy. There are three major parts to the plan relevant to student loan borrowers. Trump wants to repeal PSLF, mostly eliminate Subsidized and Perkins student loans, and replace all income driven repayment programs
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FedLoan Servicing Cost Us $20,000
- April 27, 2017
- Posted by: Travis
- Category: PSLF, Student loan Servicers
Raise your hand if you’ve been personally victimized by FedLoan Servicing. If you’ve got student loans with them, you’re not going to be too surprised to hear how FedLoan Servicing totally screwed us over. The pic above with the hundred dollar bills stuffed in the toaster basically summarizes our experience with them. I’ll start with our story
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Here’s What the Latest PSLF Lawsuit Actually Means and How FedLoan Servicing Messed Up Big
- April 4, 2017
- Posted by: Travis
- Category: PSLF
A lot of my clients depend on the Public Service Loan Forgiveness program (PSLF). They’re making life and career decisions based on it existing. After all, receiving tax free loan forgiveness after 10 years of income driven payments is pretty awesome. There’s been a veritable frealak out online and on Twitter about the latest PSLF lawsuit
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Important: Check PSLF Before Refinancing Your Student Loans
- March 2, 2017
- Posted by: Travis
- Category: PSLF
Student loan refinancing can be a great decision. You cut your artificially high interest rate from the federal government by replacing your loans with new ones from private lenders. These lenders charge you for the risk you actually pose to creditors, and not the fixed price set for everyone by the government. What’s not to
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What to Do if You’re Worried About Trump Repealing PSLF
- January 20, 2017
- Posted by: Travis
- Category: Government, PSLF
Update June 6, 2017: Trump repealing PSLF is likely but only for future borrowers who take out loans past July 1, 2018. Trump’s budget would also eliminate REPAYE, PAYE, and IBR and replace them with a 30 year version of IBR. This new plan will probably not have an interest subsidy like with REPAYE. I wrote this
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Specialists with Student Loans Will Pay Back Less than Generalists AND Earn More Money
- January 11, 2017
- Posted by: Travis
- Category: Doctor, PSLF
Everyone knows that specialists make a lot of money in medicine. What they don’t know is that Public Service Loan Forgiveness (PSLF) will allow most specialists with student loans to pay a fraction of what they owe for their education. I help physicians craft a student loan strategy through flat fee student loan consultations, and I can
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Georgetown Law School PSLF Abuse Shows Why Program Will End
- December 19, 2016
- Posted by: Travis
- Category: Lawyer, PSLF
With political regime change coming to Washington, I wanted to highlight how one of America’s elite law schools uses federal student loan programs for its own benefit. Public Service Loan Forgiveness (PSLF) was intended by Congress to help low income borrowers work for non profits after college. The way the law ended up being written, PSLF became
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How to Hedge Against PSLF Repeal
- December 18, 2016
- Posted by: Travis
- Category: Government, PSLF
Maybe you’re a really savvy doctor who learned about the PSLF program in year three of medical school. You’ve since made three years of payments in residency under the PAYE program, and you’ve dutifully submitted your PSLF employment certification form annually. In fact, you’ve done virtually every possible thing to maximize your PSLF benefit. You
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Student Loan Mistakes Doctors Make in Residency
- October 6, 2016
- Posted by: Travis
- Category: Doctor, PSLF
Nowadays, the default advice for graduating students in medical school financial aid offices is to consolidate their outstanding student loans with the federal government when they become residents. There are a few major reasons for doing so, the biggest being the potential for Public Service Loan Forgiveness (PSLF). Doctors are perhaps the most prone of all