Get a custom student loan plan from a CSLP® Certified Student Loan Professional.
Student loan analysis for physicians is offered at no cost*. To request an analysis, please click the “loan analysis” button below.
As doctors/medical professionals, you have a very unique student loan situation.
Because of the nature of your career path and income growth, every decision you make during repayment can impact your total loan cost by tens, if not hundreds of thousands of dollars. This is especially true in the last decade, as tuition costs have tripled and borrowing patterns have grown accordingly.
You go to school and have all this debt and have no idea what to do when you get out.
It’s terrifying because it’s more than the average mortgage, and nobody seems to know how to tackle this.
There are many different variables that can affect your repayment strategy, including:
- The length of your residency and fellowship
- Your specialty
- Your income growth and potential
- Total amount of debt
- Loan types
- The age of your loans
- Marital status
Some of the most common questions:
- Should I refinance?
- If so, should I refinance during residency, or wait until I’m an attending?
- How should I pay my student loans in conjunction with my financial objectives, both long-term and short-term?
- Should I file Married Separately or Married Jointly?
- How does my spouse’s income and debt impact my options?
- Is Public Service Loan Forgiveness (PSLF) an option worth pursuing, given my specific circumstances? Can I even rely on this program?
- Does it make good financial sense to complete the entireincome-driven repayment option and receive forgiveness after 20 or 25 years
- If so, what type of tax consequences should I prepare for?
The answer to these questions are different for every borrower. Any one-size-fits-all solution can be assumed to be false, or incomplete.
I use my thorough knowledge and experience in both student loans and finances, along with my insider understanding of the regulatory nuances and back-office processing procedures for all student loan entities (including loan servicers, guarantors, lenders and federal student aid themselves) to help doctors achieve their most cost-effective – and custom – repayment experience possible.
If you are a medical professional with questions about your student debt, click here to set up a consultation at your convenience.
The financial aid office helped you sign up for debt, but now you’re on your own.
Soon after graduation, you get passed off to a loan servicer that has no idea what they’re doing.
You call them, and the person gives you an answer. Then you call back, and another person gives you an entirely different answer.
Your time is too valuable to be wasting like this.
Maybe you’re single and just starting out, or maybe you’re married (or soon will be) and kids are in the picture. You have the same bills as everyone else, but there are two problems:
- Not only are you starting later in life because of your education, but
- There’s massive amounts of debt getting in your way.
There are two ways to pay student loans:
- Pay them off as fast as possible like your hair’s on fire, or
- Pay as little as possible and use every trick in the book to maximize the amount of forgiveness you can receive.
Choosing the wrong approach could cost you tens or even hundreds of thousands of dollars.
People come to you because you’re an expert at what you do.
Your profession requires a lot of schooling so you could be the expert people turn to when they need the most help.
I will explain all your repayment options.
If you’re struggling with five or six figures of student loans, contact me.
Don’t keep your head in the sand and avoid looking at your loan statements. Feel confident in the approach you’re taking instead.
Compare student loans to something else that’s complicated: TAXES.
If your taxes are complex, you hire a CPA.
If you owe five or six figures in student loans, book a consultation.
I will show you how to maximize the right forgiveness programs.
I will show you how to minimize your Adjusted Gross Income (to help you when you file your taxes!).
I will look at your debt-to-income ratio along with your interest rate and see if it makes sense for you to refinance (or rule it out).
I will make sure you’re saving for the tax penalty under the most advantageous income driven repayment plan if that’s the right path.
STUDENT LOAN ANALYSIS (CTA)