Suspended Student Loan Interest Rates Our nation has 45 million borrowers with student loan debt. Luckily, due to the pandemic, many physicians dealing with student loan debt have found themselves in a comfortable limbo of sorts thanks to the CARES Act. “Too many Americans are struggling to pay for basic necessities and provide for their […]
Car Buying for New Attending Physicians If you’re a physician who recently graduated, chances are you’ve been told repeatedly to “live like a resident even as an attending for a few more years.” But that does not change the urge to spend some of your new hard-earned salary. While many young professionals struggle to achieve […]
How Moving Can Help Physicians Pay Off Student Loans In 2018, the average student loan debt for a medical school graduate was a whopping $190,694. For a physician with a loan balance of $190,694 on a standard 10-year repayment plan, monthly repayments would cost about $2,000. Looking at these figures, it’s understandable why most new […]
How to Manage Student Loans During Residency For doctors who are finishing their residencies and beginning their practices, there is often no greater stressor than looming loan repayments. The average physician finishes medical school with more than $190,000 in debt, and the prospect of beginning loan repayment while earning a resident’s salary is daunting for […]
Is there a better option than to pay your debt first? Ever since we started teaching at medical centers and universities we have received all kinds of questions pertaining to the dilemma of carrying so much medical student loan debt. With the average doctor coming out of medical school with a hundred or more […]
Do you pay off student loans first or is it better to come up with a plan? Should you pay off student loans first or should you start saving? What’s the right way to pay off student loans?Justin Nabity is back in The Doctor’s Life Podcast studio to answer these confusing questions, and you might be […]
Easy student loan options. It’s what you dream about…especially when you’re looking at that mountain of debt after med school.Justin Nabity is in The Doctor’s Life Podcast studios with some student loan options that will make it easier on you regardless of how long you’ve had the debt. All episodes of The Doctor’s Life Podcast are available here, iTunes, […]
Some debts are worth assuming, but others exert a drag on retirement saving. Learn what differentiates a good debt from a bad debt to stay on the right track.