Paying Off Medical School Debt: 5 Strategies for Doctors
Paying off medical school debt can be a bitter pill. As a resident, you’re probably not earning enough to make full monthly student loan payments. As an attending physician, you’re…
Teddy is a former student loans writer with NerdWallet, where she covered topics around managing money before, during and after college. Her work has been featured by The Associated Press, USA Today, the Chicago Tribune and Reuters.
Paying off medical school debt can be a bitter pill. As a resident, you’re probably not earning enough to make full monthly student loan payments. As an attending physician, you’re…
Six-figure student debt isn’t the norm. So when you’re facing a student loan balance of $100,000 or more, the standard, 10-year federal repayment plan may not be right for you.…
Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE) are both federal income-driven repayment plans that extend your student loan term, set payments at 10% of your…
Some refinance lenders make it easier than others to pay off student loans fast. You can pay off your refinanced student loan early regardless of which lender you choose, because…
You did what you thought was best and took on debt to help fund your child’s college education. But now you can’t pay the parent PLUS loans. It’s a frustrating…
Refinancing medical school loans is a no-brainer for physicians who won’t use federal loan benefits and have good enough credit to qualify for a lower interest rate. Reducing your interest…
With colossal student debt balances and high earning potential, dentists are prime candidates for student loan refinancing. Refinancing dental school loans can save you tens of thousands of dollars, get…
Generally, the more you owe on student loans, the more money you can save by refinancing. Student loan refinancing will save you money if you qualify for a lower interest…
Learning how to calculate student loan interest will help you understand what you’re really paying for college debt. Interest on federal student loans and many private student loans is calculated…
Scheduling biweekly student loan payments makes it easier to pay off debt faster and save on interest — without even realizing it. This strategy is perfect for people who want to pay extra…