In parts one and two we discussed your loans, deferment versus forbearance as well as how to find all your student loans and what is consolidation. In part three below we discuss the most common current loan repayment programs available to you and some information on each program. Current Loan Repayment Programs The Federal Government offers a number of repayment programs. Below are the most … [Read more...]
What is Public Service Loan Forgiveness and Should I Use It?
What is Public Service Loan Forgiveness? Public Service Loan Forgiveness (PSLF) is a new loan forgiveness program designed by the Federal Government which forgives loan balances after 120 qualifying payments. The program does have some requirements, of which the most important is the requirement to work at a private or public non profit employer. The other important requirements include: Work … [Read more...]
Medical School Debt: Part Two
Welcome to our article on medical school debt: part two! If you're reading this section you've already hopefully read part one and are ready to move forward and learn how to start paying these loans back. Below we'll talk about how to find your federal loans and what is consolidation! How to Find Your Medical School (and Other Federal) Loans? So you've gone through college and medical school and … [Read more...]
Medical School Debt: Part One
As a former medical student and current doctor, I can empathize with everyone who has school debt. Most of you reading this website right now probably have medical school debt and are wondering "what can I do about it during residency?" Medical school students who want to practice in the United States understand that residency, which can range from 3 to 5 years and beyond sometimes, is a time … [Read more...]