Just the facts The automatic deferment of federal student loan payments with 0% interest is now set to end May 1, 2022. This pause on payments applies only to federal student loans, including most medical and dental school loans. It is unclear if this pause will be extended again past the May 1, 2022. Even …
Just the facts A number of federal student loan servicers have announced their withdrawal from this role by the end of 2021. This shift could affect around 16 million federal student loans. Only federal student loans are affected by this and the servicers are required to transfer loans to a different servicer. Income-based repayment plans …
Changes in Federal Student Loan Servicers: Will Your Loans Be Impacted in 2022? Read More »
Just the facts The automatic deferment of federal student loan payments with no interest accrual is set to end January 31, 2022. If you have made payments on federal student loans during the deferment period (since March of 2020) you can ask for a refund of those payments. There are other benefits of the CARES …
Infographic incorporates the following articles: AAMC – Imposter Syndrome WSJ – Why So Many Millenials Fall Prey to Imposter Syndrome Int J Med Educ – Impostor Syndrome and Burnout Among American Medical Students: a Pilot Study J PA Educ – The Imposter Phenomenon in Physician
Prior to the COVID-19 pandemic, 34% of Americans say they used telehealth services, and two thirds (66%) of Americans say they never used telehealth services, according to a consumer survey conducted by LocumTenens.com. Unsurprisingly, older Americans were the least likely to use telehealth services (83%). However, when asked about the use during the COVID-19 pandemic, …
A high-yield savings account is a simple concept: You save money faster due to a higher rate. There are a few key considerations when choosing a high-yield savings account — such as the Annual Percentage Yield and fee structure. If you’re a doctor, you know how hard it is to build savings early in your …
Minimizing Technology’s Impact on Your Off-time: a Guide to Unplugging Read More »
Your credit score plays a big role in your life. Also known as a “FICO score” or “risk score,” your credit score is a tool that potential creditors and lenders use to help them decide whether to loan you money. But not only that: your credit score can also affect whether you get the apartment …
Like many young doctors, Dr. Ned Palmer and Dr. Michael Jerkins dealt with financial struggles early in their careers: Student loans, credit card debt, meager income, and hardly any time to address these problems. When they looked for help from traditional banks and lenders, Ned and Michael were instead met with high interest …
Origin Story: Why We Built A Better Way For Doctors To Bank Read More »
A PRN loan is a personal loan tailored to medical, dental and veterinary professionals. Fourth-year students, residents and fellows, and practicing doctors are eligible. Use the money to pay for interviews, exam fees, relocation or anything else – it’s your money, as needed. A PRN personal loan gives you access to money when you need …
Thanks for checking out Panacea Financial and reading about our story. My name is Dr. Ned Palmer and together with Dr. Michael Jerkins founded Panacea Financial due to frustrations from engaging with traditional banks during our medical training. After residency, we had a combined $700,000+ in medical school debt, and along the way experienced life …
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