Tag Archives: medical school

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Specialists with Student Loans Will Pay Back Less than Generalists AND Earn More Money

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specialists with student loansEveryone 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 probably help you too at travis@studentloanplanner.com. Current student loan rules make specializing a far more lucrative decision for today’s physicians. Here’s why.

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The Major Student Loan Mistakes Doctors Make in Residency

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student loan mistakes doctors make in residency

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 occupations to making student loan mistakes. Especially if you’re planning to work for a not for profit hospital after training, you MUST understand student loans rules. If you or someone you know is a medical student, he or she could lose out on tens or even hundreds of thousands of dollars from the student loan mistakes doctors make in residency.

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