Student Loans Archives - Page 2 of 2

Biden Forgives $10,000 In Student Loans: What Does This Mean For Doctors?

By Michael Jerkins, MD MEd / Dental, Medical, Student Loans, Veterinary

President Joe Biden announced his decision on student loan forgiveness and the forbearance period Wednesday afternoon. During Biden’s presidential campaign, he promised to forgive a large chunk of the country’s loan balance. Since his inauguration, many politicians and borrowers have been pressuring the White House to follow through on this pledge. Here is what you …

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A Doctor’s Guide To Refinancing Student Loans

By Michael Jerkins, MD MEd / Budgeting & Financial Planning, Dental, Medical, Student Loans, Veterinary

Student loan refinancing is when a private lender pays off your student loans and provides you with a new loan with different terms, often at a lower rate. Refinancing may be a good option when you want a lower interest rate, to change the repayment terms, or to reduce your number of monthly payments. Avoid …

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public student loan forgiveness for doctors

Pros and Cons of Public Service Loan Forgiveness for Doctors

By Michael Jerkins, MD MEd / Budgeting & Financial Planning, Dental, Medical, Student Loans, Veterinary

Pros and Cons of Public Service Loan Forgiveness for Doctors Key takeaways: PSLF offers significant financial benefits to those employed full time by non-profit and government entities. Many doctors can get a headstart on fulfilling the required 120 PSLF payments while in residency. Those who pursue PSLF may encounter limited qualified employment options. Some doctors …

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Will Biden Extend the Medical, Dental, and Veterinary Student Loan Payment Pause?

By Michael Jerkins, MD MEd / Dental, Medical, Student Loans, Veterinary

What is going on with student loans for medical, dental, and veterinary school? On March 27, 2020, the CARES Act was signed into law. The $2 trillion piece of legislation provided the first set of sweeping relief measures early in the COVID-19 pandemic. One of the hallmark pillars of the CARES Act was …

Will Biden Extend the Medical, Dental, and Veterinary Student Loan Payment Pause? Read More »

Follow This Three-Step Process to Obtain Your Loan Payoff Statement

By Ned Palmer, MD MPH / Budgeting & Financial Planning, Dental, Medical, Student Loans, Veterinary

Obtaining your loan payoff statement is a necessary step to refinance your student loans. It can be a hassle, so we’ve simplified the steps to make it as easy as possible. First, you will need to determine your current student loan servicers. Then you’ll need to understand what’s in a loan payoff statement to ensure …

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Biden Extends the Student Loan Payment Pause: What This Means for Your Medical and Dental School Loans

By Michael Jerkins, MD MEd / Budgeting & Financial Planning, Dental, Medical, Student Loans, Veterinary

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 …

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Changes in Federal Student Loan Servicers: Will Your Loans Be Impacted in 2022?

By Ned Palmer, MD MPH / Dental, Medical, Student Loans, Veterinary

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 »

Cares Act guide for healthcare professionals

CARES Act for Healthcare Professionals

By Ned Palmer, MD MPH / Dental, Medical, Student Loans, Veterinary

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 …

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Find Your Student Loan Payoff Statement to Refinance Medical School Debt

By Ned Palmer, MD MPH / Medical, Student Loans

To decide if refinancing your student loans is right for you, you’ll want to fully understand the public loan system and forgiveness options that may be available to you. See our guide on If Forgiveness is Right for You. To pursue refinancing, you’ll need to obtain a Loan Payoff Statement from each of your student …

Find Your Student Loan Payoff Statement to Refinance Medical School Debt Read More »

Student Loans

Biden Forgives $10,000 In Student Loans: What Does This Mean For Doctors?

A Doctor’s Guide To Refinancing Student Loans

Pros and Cons of Public Service Loan Forgiveness for Doctors

Will Biden Extend the Medical, Dental, and Veterinary Student Loan Payment Pause?

Follow This Three-Step Process to Obtain Your Loan Payoff Statement

Biden Extends the Student Loan Payment Pause: What This Means for Your Medical and Dental School Loans

Changes in Federal Student Loan Servicers: Will Your Loans Be Impacted in 2022?

CARES Act for Healthcare Professionals

Find Your Student Loan Payoff Statement to Refinance Medical School Debt

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