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2 episodes with public service loan forgiveness pslf
Public Service Loan Forgiveness is a hot topic for many medical professionals still trying to work their way out of school debt. In this episode of Financial Clarity for Doctors, Rachelle Vanderzanden and Corey Janoff walk through the current state of the program and whether or not it's still worth pursuing. This episode discusses: The basic parameters of Public Service Loan Forgiveness (PSLF). Historical context of proposed changes to the program. The current payment plan drama, including where we are at with the SAVE plan. Possible next steps for folks with federal student loans. As with everything, whether a particular path is appropriate for you depends on your individual circumstances. If you believed PSLF was a good fit for you previously, chances are that program is still a good “Plan A”. But just like other parts of your financial plan, it is always helpful to have a Plan B. For more financial planning tips from Corey and Rachelle, you can reach out to them at podcast@thefinitygroup.com. They would love to hear your questions and ideas for upcoming episodes. Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.
Connect with Lauryn: https://www.lauryn-williams.com/ Student Loan Planner: https://www.studentloanplanner.com/ In this episode, T.J. van Gerven and Lauryn Williams discuss the complexities of managing student loan debt, including public service loan forgiveness, income-driven repayment plans, and the implications of recent policy changes. Lauryn shares her personal journey from being an Olympian to becoming a financial planner, emphasizing the importance of understanding one's unique financial situation. The conversation covers various strategies for managing student loans, the risks of refinancing, and the impact of marital status on repayment plans. Listeners are encouraged to take proactive steps in their financial planning to optimize their student loan situations. Takeaways Lauryn's journey from athlete to financial planner highlights the importance of financial literacy. Public Service Loan Forgiveness (PSLF) requires specific employment and payment criteria. Income-driven repayment plans can significantly reduce monthly payments based on income. Refinancing student loans can eliminate federal protections and benefits. Married couples should consider filing separately to optimize student loan payments. Tax implications of student loan forgiveness can be substantial and should be planned for. Understanding the different types of student loans is crucial for effective management. Proactive financial planning can lead to significant long-term benefits. Consulting with a financial advisor can provide personalized strategies for student loan management. Staying informed about policy changes is essential for effective financial planning. Chapters 00:00 Introduction to Student Loan Management 02:45 The Journey to Financial Planning 05:46 Understanding Public Service Loan Forgiveness (PSLF) 08:25 Income-Driven Repayment Plans Explained 11:31 Navigating Changes in Student Loan Policies 14:05 Refinancing vs. Consolidation of Student Loans 16:56 The Impact of Student Debt on Young Professionals 19:53 Choosing the Right Repayment Plan 20:37 Understanding Student Loan Payments and Interest 23:15 Marital Status and Student Loan Repayment Strategies 26:12 Tax Implications of Student Loan Forgiveness 28:23 Personalized Financial Planning for Student Loans 31:39 Navigating Income-Driven Repayment Plans 33:55 Retirement Contributions and Student Loan Payments 36:55 Taking Action on Student Loan Management
This week on "Off The Cuff," Maria is joined by Jill, Megan, and Nalia to discuss several issues impacting the world of higher education. First, Megan debriefs listeners on this week's news that the Department of Education (ED) will resume the collections process for defaulted federal student loans. Then, Jill discusses the upcoming negotiated rulemaking (NegReg) public hearing on Public Service Loan Forgiveness (PSLF) and other topics. Megan also provides a brief update on two lawsuits against ED, including one on the Saving on a Valuable Education (SAVE) repayment plan, and another from the American Federation of Teachers. From there, Megan highlights two new NASFAA FAQs for members to help navigate the resulting questions and concerns from President Donald Trump's executive order to dissolve ED. Lastly, Nalia runs through the budget appropriations process and what members can expect to see in the next few weeks.
The Department of Education just dropped a negotiated rulemaking announcement, and while it might sound like dry policy talk, this one's worth your attention — especially if you're pursuing Public Service Loan Forgiveness (PSLF), on Pay As You Earn (PAYE), or using Income-Contingent Repayment (ICR). Learn what negotiated rulemaking actually means, why it matters, and what kinds of changes could be on the horizon for federal student loan repayment. We'll also walk through the strategy behind these proposed updates, what the timeline might look like, and the political and legal dynamics that could affect how this all plays out. Key moments: (03:20) My initial take: borrowers don't need to panic just yet — and here's why (05:35) What these changes could actually mean for PSLF borrowers (06:59) PAYE and ICR might be affected, but IBR is protected by statute (10:49) The GOP proposal targets nonprofit hospitals, but I don't think it'll go anywhere (12:34) With 2026 elections in sight, student loan overhauls will probably stay pretty modest Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
This week on "Off the Cuff," Beth is joined by Jill and Hugh to discuss some of the latest headlines impacting student financial aid. Kicking things off on an exciting note, Beth provides some background on NASFAA's new President & CEO, Melanie Storey, who will be joining the team on May 1. Jill then shares some breaking news concerning ED's planned negotiated rulemaking session focusing on regulations that would streamline current federal student financial assistance programs with a focus on Public Service Loan Forgiveness (PSLF), Pay As You Earn (PAYE), and Income Contingent Repayment (ICR). Hugh then debriefs listeners on President Trump's executive order seeking to dismantle ED. Jill wraps things up with more updates on the application status of IDR plans that ongoing legal challenges have impacted.
Questions? Thoughts? Send a Text to The Optometry Money Podcast!The student loan landscape is shifting again! In this episode, Evon breaks down the latest updates on the SAVE Plan, the recent court rulings, and what these changes mean for optometrists navigating their student loan repayment.With major legal challenges in play, borrowers on SAVE are currently in interest-free forbearance, but the future of the program remains uncertain. Evon unpacks the key takeaways from the recent 8th Circuit Court of Appeals decision, discusses potential next steps, and shares what optometrists should consider when making student loan repayment decisions.What You'll Learn:✅ Background on the SAVE Plan & Legal Challenges – Why the courts put SAVE on hold and what's next✅ What This Means for Optometrists – How the latest rulings impact those on SAVE, PAYE, and IBR plans✅ Should You Switch Plans? – Factors to consider before making a move✅ Tax Strategies for Student Loan Borrowers – Filing tips to optimize student loan repayment✅ Preparing for Uncertainty – Practical steps to protect your financial futureKey Takeaways:
The student loan landscape is a mess — uncertainty, delays, conflicting headlines, and a whole lot of anxiety. Should you switch repayment plans? Are you eligible for PAYE? And how could political changes impact Grad PLUS loans and Public Service Loan Forgiveness (PSLF)? We're answering real borrower questions and sharing practical steps you can take right now so you don't get caught off guard by sudden changes. If you're feeling stuck, overwhelmed, or just unsure of your next step, this episode is for you. Key moments: (06:08) Should you switch to a new IDR plan or stick with SAVE? (13:19) Could an executive order eliminate Grad PLUS loans? (19:32) Can DOGE change access to PSLF or IDR forgiveness? (25:23) Taking time off for kids? Here's how to manage student loan repayment during career breaks (32:43) What to expect with student loans and income recertification Link mentioned: Income-Driven Repayment (IDR) plan request Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
A lot of borrowers are concerned about what would happen if the Department of Education gets eliminated. We'll walk through exactly what can and can't change based on the law, from Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans to the impact on your student loans. Plus, I'll give you clear guidance and action steps to prepare your finances. If you're worried about recertifying your income or wondering if you should refinance, this episode will help calm your nerves and give you practical steps to protect yourself. Key moments: (03:20) Your IDR payments could spike if you don't plan for how you'll file your tax return (04:54) Potential PSLF and IDR program changes that could affect your forgiveness (10:24) What a Department of Ed shakeup could mean for your student loans (14:33) The debt-to-income formula that determines your best loan strategy (19:41) The reconciliation bill could reshape IDR programs Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
I sit down with Sim Terwilliger, a Certified Financial Planner and student loan expert from Student Loan Planner. She breaks down the latest changes to student loan forgiveness programs, including the recent administration change and the ongoing legal battles surrounding the SAVE plan. Whether you're pursuing Public Service Loan Forgiveness (PSLF) or exploring other forgiveness options, this episode is packed with valuable insights and actionable advice. Sim shares her expertise on how to lower your monthly payments, maximize forgiveness, and prepare for potential tax consequences. Don't miss this opportunity to get clarity on your student loan situation and take control of your financial future. Get full show notes, transcript, and more information here: https://wealthymommd.com/230
Send us a textMastering Public Service Loan Forgiveness for DoctorsIn this episode of 'Retire Early, Retire Now,' host and certified financial planner Hunter Kelly dives deep into the specifics of Public Service Loan Forgiveness (PSLF) for high-income professionals such as doctors, attorneys, and other eligible professions. He discusses eligibility criteria, the types of loans that qualify, necessary repayment plans, and the importance of certification and documentation. Hunter also highlights the benefits of PSLF, including tax-free loan forgiveness and flexible payments during residency, while cautioning against common pitfalls such as neglecting certification and switching to non-qualifying repayment plans. The episode underscores the enormous financial impact PSLF can have, potentially forgiving hundreds of thousands of dollars in student debt, and provides actionable steps for professionals to enroll and stay on track. For personalized advice, listeners are encouraged to reach out to Hunter Kelly via his website.00:00 Introduction to Public Service Loan Forgiveness (PSLF)01:18 Understanding PSLF Eligibility03:26 Qualifying Employers for PSLF05:00 Making Qualified Payments08:53 Benefits of PSLF for Doctors10:52 How to Enroll in PSLF13:11 Common Pitfalls to Avoid15:18 Closing Thoughts and Final AdviceCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify
The clock is ticking on the double consolidation loophole for Parent PLUS Loans, which closes in July 2025. Learn what this change means, why borrowers must act quickly, and how to make the most of the remaining time. We'll tackle the big questions: Should you file taxes jointly or separately? How do Medicare penalties and student loan repayments overlap? And what strategies can help you maximize income-driven repayment (IDR) plans before the loophole disappears? Jared Costigan, CFP®, CSLP®, a financial planner with the SLP Wealth team, shares expert advice on preserving retirement savings, aligning Social Security with loan repayment, and leveraging Public Service Loan Forgiveness (PSLF). Key moments: (05:16) Parent PLUS debt surged 63% from 2015 to 2022 as the cost of college climbs (9:19) The double consolidation loophole could save you from paying 20% of your retirement income (19:38) Who benefits most from a double consolidation? Borrowers with balances nearing or exceeding their income (27:56) Income planning ties Social Security and loans to retirement timing — don't overlook it (37:32) Filing taxes separately can lower loan payments but may raise Medicare costs Links mentioned: Financially Free Physicians podcast Department of Education Parent PLUS Loans Parent PLUS Double Consolidation Loophole Guide for 2025 Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
On this episode, we discuss the Biden administration's decision to withdraw two major student loan forgiveness plans and the impact on borrowers. These plans could have reduced or eliminated debt for millions of Americans, particularly those in repayment for decades or facing financial hardship. With the Supreme Court striking down Biden's earlier forgiveness efforts and operational challenges cited for the withdrawal, borrowers are left searching for alternatives. We also explore how many Americans are struggling to make necessary financial decisions to repay their student loans and what forgiveness options still exist under Public Service Loan Forgiveness (PSLF) and other programs.
In this episode of the Money Meets Medicine podcast, host Dr. Jimmy Turner is joined by student loan expert Travis Hornsby to discuss the intricate and evolving landscape of student loans. The episode is timely, releasing on Christmas Day 2024, just weeks before the anticipated Trump administration takes office. This transition has significant implications for student loans, particularly in light of the complex and often conflicting policies introduced by the Biden administration. Turner and Hornsby delve into topics such as Public Service Loan Forgiveness (PSLF), the impact of recent executive actions, and the potential changes under the incoming administration. They emphasize the importance of understanding the technical details of student loans, cautioning listeners to consult experts and carefully consider tax implications. The episode also highlights the importance of becoming a 'mini expert' in managing student loans due to the increased complexity of the system over the past 12-18 months. Looking to get started on your financial literacy journey? Download a free copy of The Physician Philosopher's Guide to Personal Finance https://moneymeetsmedicine.com/freebook
In this comprehensive episode of Finding Financial Freedom with The Frugal Physician, Dr. Disha Spath hosts Travis Hornsby, founder and CEO of Student Loan Planner, to explore the current landscape of student loans and repayment strategies for high-debt professionals. With over $800 million in student loans consulted on, Travis is an authority on loan repayment and shares crucial insights on navigating Public Service Loan Forgiveness (PSLF), recent policy changes, and strategies for repayment that every physician, professional, and student loan borrower needs to know. Discover how changes in student loan policies under the Trump, Obama, and Biden administrations have reshaped the repayment landscape and what potential policy shifts could mean for borrowers in the coming years. Travis also discusses methods to optimize PSLF eligibility, the pros and cons of refinancing, and the best strategies for long-term financial freedom despite student loan debt. Key Topics Covered: Travis Hornsby's Journey & Student Loan Planner's Mission Travis's background in finance and bond trading at Vanguard, his journey to starting Student Loan Planner, and why he's dedicated his career to helping borrowers navigate complex student loan systems. Public Service Loan Forgiveness (PSLF): From Inception to Transformation How PSLF has evolved since its inception in 2007, including challenges under the Trump administration and impactful changes introduced by President Biden. Changes in Income-Driven Repayment (IDR) Plans Overview of the original income-driven repayment options (PAYE, REPAYE, IBR, ICR) and how Biden's new SAVE plan replaced REPAYE with enhanced interest subsidies. Potential Pitfalls & Common Mistakes in Repayment Plans How to avoid costly missteps when selecting a repayment plan, including considerations around PSLF qualification, income certification, and timing of tax filings. Navigating Political and Legal Challenges in Student Loan Policies Insights into current legal challenges to the SAVE plan and potential impacts of future policy changes on IDR options for physicians and other borrowers. Refinancing vs. Forgiveness Travis outlines when it's beneficial to refinance your loans versus staying on a PSLF track, with practical advice for borrowers based on debt-to-income ratio and financial goals. Resources Mentioned: Student Loan Planner for calculators, tools, and professional consultations. Travis's Books: Managing Your Money in Your Twenties and Thirties and 25 is the New 65: How to Retire Outrageously Early. Listener Takeaways: Gain a better understanding of student loan repayment plans and forgiveness options. Learn the strategies for managing student loans amidst political upheaval and legal challenges. Understand when refinancing makes sense versus sticking with PSLF or other forgiveness options. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Travis Hornsby, CFA, CFP, Student Loan Planner Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz– Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth– Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.
With Trump's unexpected victory in the popular vote and key swing states, and a likely Republican majority in Congress, significant changes to student loan policies may be on the horizon. We'll look at possible shifts in Public Service Loan Forgiveness (PSLF) that could make it harder to qualify, and the potential elimination of the Saving on a Valuable Education (SAVE) plan. We'll discuss recent court rulings that could reshape repayment strategies, like the 8th Circuit Court decision on the Income-Contingent Repayment (ICR) statute. We'll also touch on political dynamics influencing these changes, including Republican and Democratic strategies, the implications of past proposals like the Prosper Act, and what borrowers need to consider moving forward. Key moments: 04:18 Likely elimination of the SAVE plan — when should you consider switching to a different repayment option? 08:27 Republicans are making their own IDR plan and how past proposals threatened borrowers 18:42 Loan forgiveness potential might be more generous than we think 24:22 Potential for major policy changes under Trump's second term Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
The recent election has brought major changes to Washington, and with Trump back in office, the future of student loans is once again in the spotlight. What will these shifts mean for borrowers in 2025? In this podcast, we'll cover: The potential impact on Public Service Loan Forgiveness (PSLF) and the SAVE plan. Key updates around income-driven repayment plans like PAYE and ICR Whether borrowers who recently had loans forgiven could be impacted. What Trump's past proposals may mean for future repayment plans Actionable steps you can take today to prepare for possible changes. If you're a borrower, you won't want to miss these insights. Understanding what's on the horizon can help you make informed decisions about your financial future.
Welcome to another insightful clip of Market Mondays!
Imagine a world where the SAVE plan is struck down by the courts, taking various income-driven repayment (IDR) plans with it and leaving millions of borrowers scrambling. This worst-case scenario could block hundreds of thousands from accessing Public Service Loan Forgiveness (PSLF) and introduce massive complications for those on IDR plans. But don't worry, I'll break down this doomsday scenario, discuss its implications, and offer strategies for how you can best prepare. Highlights from this episode: 02:37 Tougher eligibility for PSLF and income-driven repayment 06:33 Key tax strategies (reducing AGI, filing separately, and community property considerations) 09:36 Why I'm not overly concerned just yet 16:51 How to make sure you can still get a spot on the IBR plan Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
Financing Ambition - A Personal Finance Podcast from Laurel Road
Collectively, Drs. Tiffany Tavernier and David Thomas had an astonishing $1.2 million in student loan debt forgiven through the Public Service Loan Forgiveness (PSLF) program. While the two physicians have different medical backgrounds – Dr. Tavernier in radiology and Dr. Thomas in immunology – their individual student loan debt journeys share an common ground: Neither one had to make a single payment on their student loans prior to forgiveness. Learn about the unique set of circumstances and timing that made it possible in this episode, hosted by Eric Sutton, Laurel Road's Head of Design & Content.
After months of waiting, the Income-Driven Repayment (IDR) application is live again! But with all the changes, options, and deadlines, where do you start? Learn the steps you should take if you're considering switching repayment plans, the implications for Public Service Loan Forgiveness (PSLF), and how to navigate the updated requirements for loan consolidations and recertifications. In today's episode: 4:37 Application processing, clarifying recertification, and the PSLF buyback 16:16 Double Consolidation advice for Parent PLUS borrowers 20:54 PSLF recertification and confusing payment count updates 34:17 When to consolidate and reasons why you shouldn't Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
Tackling the real issues you're facing and answering a lot of listener questions that have come in about student loans. We'll chat about the impact of possible political changes on loan forgiveness programs, share tips on managing your loans during servicer transitions, and give advice on everything from autopay issues to whether you should buy property in Hawaii. In today's episode: 00:38 Parent PLUS loan consolidation, Public Service Loan Forgiveness (PSLF), marriage and student loans 17:40 Advice for new graduates, administrative forbearance, early income recertification, PSLF buyback 30:19 Interest accruing during forbearance, PSLF credit for past payments, timing PSLF 41:32 Forgiveness timelines when there's a gap between undergrad and grad loans, interest capitalization Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter provides a comprehensive checklist for pursuing Public Service Loan Forgiveness (PSLF) for physicians. He breaks down the steps to understanding the requirements, confirming if PSLF is right for you, getting organized and doing it consistently, building a contingency plan, and what to expect when you reach 120 payments. With insights from a client who had over $200,000 in loans forgiven, James offers valuable tips and resources to help physicians navigate the PSLF process successfully. Timestamp Summary 1:06 Essential PSLF Tips for Physicians Seeking Loan Forgiveness 6:30 Determining Employer Eligibility for Public Service Loan Forgiveness 11:23 Evaluating Public Service Loan Forgiveness Suitability and Strategies 16:48 Strategic Income Reporting for Lower Loan Repayments 19:40 Strategies for Timely Student Loan IDR Recertification 25:53 Mastering PSLF Through Organized Documentation and Regular Submissions 28:51 Identifying an Authorized Official for Employment Verification Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
In this episode of the Money Mastery Unleashed Podcast, host Adam Olson welcomes special guest David Gourley, a former high school math teacher who has transitioned into financial services. David brings a wealth of experience in student loan planning, having helped over 500 clients navigate the complex landscape of student loans, saving them more than $15 million in loan forgiveness. As a Certified Student Loan Professional (CSLP), David has become a trusted advisor, specializing in helping individuals and families reduce their financial burden through student loan and financial planning strategies. Throughout the conversation, David shares his journey from teaching to financial planning, explaining how his passion for helping fellow educators manage their finances led him to specialize in student loans. He discusses the changing rules around student loans and offers insight into key programs like Public Service Loan Forgiveness (PSLF) and Parent PLUS loans. Listeners will learn about the critical distinctions between various loan repayment plans, as well as strategies for navigating these systems to maximize savings. Whether you're a parent considering loans for your child's education, a student facing debt, or someone already navigating repayment, this episode provides essential advice. David also highlights the importance of consulting with a certified professional to ensure you're not leaving money on the table. If you have student loans, this episode is packed with practical tips and insights that could make a significant difference in your financial future. “Student loans are a quick-changing landscape, and what worked a few years ago might not work today.” Key Takeaways: Student loan planning Public Service Loan Forgiveness (PSLF) Double consolidation strategy Advice to young borrowers Learn more about David Gourley by visiting the following links: k12 Planning Linktr.ee LinkedIn David Linktr.ee Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
In this episode of "Life Well Lived, A Physician's Guide to Wealth," host James Nutter dives deeply into the strategies for building a sustainable financial plan and maintaining consistency. This episode is part of the Financial Wellness 101 series, and James emphasizes the crucial steps one needs to take to ensure their financial health and stability. He also announces an upcoming Public Service Loan Forgiveness (PSLF) masterclass webinar, set for September 26. James outlines a clear plan focusing on five key steps essential for building and sticking to a financial strategy. He emphasizes understanding your financial goals and cash flows, relevant family board meetings, the box and shelf method for organizing financial documents, and the importance of automating your finances. His insights are aimed at alleviating financial stress and ensuring the listeners can achieve a well-structured financial strategy, drawing on his extensive experience in financial planning. Key Takeaways: Box and Shelf Method: Organize your finances using a digital system, keeping all financial documents in a designated 'box' on a virtual 'shelf' to maintain focus and organization. Regular Family Board Meetings: Schedule and maintain monthly touchpoints with your loved ones or yourself to discuss and review financial plans, ensuring consistent communication and alignment. BAMFAM (Book a Meeting from a Meeting): Always schedule the next financial discussion or task meeting before ending the current one to avoid leaving tasks incomplete and plans unexecuted. Automate Finances: Simplify your financial management by automating savings and other regular financial actions to reduce the effort needed for manual tasks. Adapt and Adjust: Be prepared to navigate financial changes and adjust goals as necessary, staying flexible and proactive in your planning. Notable Quotes: "Put your finances on a hypothetical box on a shelf. It creates space where you know you're going to be working on priorities at a certain place and a certain time." "NASA did a study that said when you are multitasking, your IQ level drops lower than when you're stoned." "If you don't know what to talk about, use every single one of these episodes from the financial wellness 101 series as a meeting topic for a year." "You can read in a textbook all you want, but until you're in there with the family giving birth, you don't really know how to do it. The same goes for financial planning." "Be patient, be persistent. Build the structure. Follow the structure just how you would build a treatment plan for a patient." Register for our upcoming PSLF Hacks masterclass here Resources PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth Gain FREE immediate access to all of IM Wealth's exclusive physician financial wellness resources here www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
Jesse explores the intricacies of student loan forgiveness, highlighting the fallacy that loans can simply vanish without consequence. He argues that the financial burden ultimately falls on taxpayers and critiques the notion that the U.S. government can "magically" eliminate student debt. Jesse explains the Public Service Loan Forgiveness (PSLF) program and how student debt exacerbates mental health problems. He proposes a balanced approach of partial interest forgiveness to alleviate borrower burdens, shorten repayment periods, and benefit both individuals and the government, all while maintaining personal accountability. Today's guest, Katie Gatti Tassin, is the founder of Money with Katie, a platform she created in 2020, which was later acquired by Morning Brew. During the interview, Jesse and Katie discuss frustrations with the American healthcare system, underscoring how flawed incentives impede rational decision-making. Most of the conversation revolves around financial literacy and misconceptions among the FIRE community and broader society. As Jesse and Katie reach the end of the discussion, they share their thoughts on how social media and social isolation affect us financially and mentally. This is a wide-ranging conversation with a few insightful tangents. If you're looking for a personal, real, and thoughtful finance podcast, then this is the episode for you. Key Takeaways: • Loan forgiveness doesn't make the loan disappear… Someone is eating that cost. • Jesse explains how the Public Service Loan Forgiveness (PSLF) program works. • The broken incentives of the American healthcare industry discourages rational decisions. • How “tough love” online finance personalities like Dave Ramsey or Caleb Hammer work (or don't). • How our individualism and social media lead to social isolation and affect our mental health. • If you're listening to this podcast, you're probably more financially secure than you think. Key Timestamps: (01:38) Jesse's Monologue: Student Loan Forgiveness & Moral Hazards (20:37) A Proposed Solution to Student Loan Debt (27:06) Introducing Katie Gatti Tassin (28:46) The Healthcare Marketplace Dilemma (38:23) Hospital Fines and Perverse Incentives (40:13) Balancing Savings and Enjoying Life (47:42) Tough Love in Personal Finance (51:26) Building Community and Financial Implications (58:18) Social Media's Impact on Mental Health (01:11:01) Conclusion and Resources Key Topics Discussed: The Best Interest, Jesse Cramer, Rochester New York, financial planner, financial advisor, wealth management, retirement planning, tax planning, personal finance, Money with Katie, Morning Brew, Katie Gatti Tassin, American health care, student loan forgiveness, student debt, Public Service Loan Forgiveness, PSLF Mentions: Website: https://moneywithkatie.com/ LinkedIn: https://www.linkedin.com/in/katiegatti/ More of The Best Interest: Check out the Best Interest Blog at bestinterest.blog Contact me at jesse@bestinterest.blog The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.
In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter provides a comprehensive checklist for pursuing Public Service Loan Forgiveness (PSLF) for physicians. He breaks down the steps to understanding the requirements, confirming if PSLF is right for you, getting organized and doing it consistently, building a contingency plan, and what to expect when you reach 120 payments. With insights from a client who had over $200,000 in loans forgiven, James offers valuable tips and resources to help physicians navigate the PSLF process successfully. Timestamp Summary 1:06 Essential PSLF Tips for Physicians Seeking Loan Forgiveness 6:30 Determining Employer Eligibility for Public Service Loan Forgiveness 11:23 Evaluating Public Service Loan Forgiveness Suitability and Strategies 16:48 Strategic Income Reporting for Lower Loan Repayments 19:40 Strategies for Timely Student Loan IDR Recertification 25:53 Mastering PSLF Through Organized Documentation and Regular Submissions 28:51 Identifying an Authorized Official for Employment Verification Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
The labyrinth of pre-COVID student loan rules are making a dramatic return. I'll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle. In today's episode: 01:50 Revival of Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans 04:45 PSLF borrowers have less to worry about, plus the “buyback provision” 08:03 Borrowers going for 20 and 25 year forgiveness could switch plans 12:46 The silver lining of choosing to do nothing Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
Wednesday, July 17th 2024Today, Senator Bob Menendez has been convicted on all 18 felony counts thanks to Joe Biden's weaponized DoJ; the wife of the dead Trump rally goer has not heard from the former president but refused to speak to Biden when he called; Elon Musk is committing $45M per month to a Trump PAC because i guess it would be too weird to pay the witnesses against him directly; the Trump Campaign has secret data on gun owners including the rally shooter; the Morning Joe hosts are seething mad that they were lied to when their show was pulled off the air Monday; RFK Jr's son leaked a video of him speaking to Trump who said “we're going to win”; Trump's diagnosis and treatment after being shot appear to be a mystery; Jack Black breaks up Tenacious D after Kyle Gass jokes about political violence; plus Allison and Dana deliver your Good News.Tickets and LIVE show dates https://allisongill.comSubscribe for free to MuellerSheWrote on Substackhttps://muellershewrote.substack.comHerlights EP 275: The World Cup You Never Heard Of with Comedian Dana Goldberg StoriesREVEALED: Trump campaign secret data on gunman's family (Siobhan Kennedy | Channel 4 News)Mystery Over Trump's Diagnosis and Treatment After Assassination Attempt (Daily Beast)Elon Musk Has Said He Is Committing Around $45 Million a Month to a New Pro-Trump Super PAC (The Wall Street Journal)Jack Black cancels tour after bandmate jokes about Trump rally shooting (The Washington Post) Check out other MSW Media podcastshttps://mswmedia.com/shows/Subscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://muellershewrote.substack.comhttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction to share?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/From The Good NewsAbout GI Bill benefits (va.gov)Public Service Loan Forgiveness (PSLF) (studentaid.gov) Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Friday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts
Public Service Loan Forgiveness (PSLF) has been on pause since May while servicing transitions away from MOHELA, causing waves. Student Loan Advisors Sim Terwilliger and Sam Silberstein dissect what these shifts mean for borrowers. Learn the new processes for submitting and tracking PSLF forms through StudentAid.gov, the impacts of administrative forbearance, and the long-term outlook for PSLF. In today's episode: 06:23 How the pause in submissions during May and June affect processing 08:43 When forbearance counts for PSLF forgiveness, and when it doesn't 14:50 Avoid complications by submitting employment certification annually 20:15 Borrowers can audit student loan payment counts Links mentioned: PSLF Help Tool StudentAid.gov Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
Student loan interest rates are on the rise as we head into the 2024-2025 academic year. What does this mean for you? David Aizuss, CSLP®, explores the effect on students, graduates, and parents. Discover how student loan interest rates work and why higher interest rates could change your approach to repayment and forgiveness. In today's episode: 01:46 New higher interest rates for undergrad, grad school, and Parent PLUS borrowers 08:24 You shouldn't be afraid of student loan interest 16:33 Interest rates don't really matter if you're pursuing Public Service Loan Forgiveness (PSLF) 26:36 Parent PLUS borrowers face significant challenges with the loophole closing Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
Wednesday, June 12th, 2024Today, a Florida law banning transgender care for children has been thrown out as unconstitutional; Merrick Garland pens an op ed for the Washington Post; Hunter Biden is found guilty on 31 fewer counts than Donald Trump; the main passageway into the Baltimore port has been fully restored after the March 26 collapse of the Francis Scott Key Bridge; Smartmatic scores a big win in their defamation lawsuit against Fox News; the DoJ actually looked for documents connecting them to the Manhattan DA and found none; Trump's felony conviction has the New Jersey Attorney General looking into his liquor licenses; an Alzheimer's drug that can slow the progress of the disease gets backing from FDA advisers; plus Allison and Dana deliver your Good News.Tickets and LIVE show dates https://allisongill.comSubscribe for free to MuellerSheWrote on Substackhttps://muellershewrote.substack.com A Florida law blocking treatment for transgender children is thrown out by a federal judge (AP News)Voting tech company scores win in lawsuit against Fox News: report (Raw Story)In the rough: Felony convictions could cost Trump liquor licenses at 3 New Jersey golf courses (AP News)Alzheimer's drug that can slow disease gets backing from FDA advisers (AP News)Opinion | Merrick Garland: Unfounded attacks on the Justice Department must end (WaPo)2024.06.10-OUT-Jordan-Colangelo (DocumentCloud.org) Subscribe to Lawyers, Guns, And MoneyAd-free premium feed: https://lawyersgunsandmoney.supercast.comSubscribe for free everywhere else:https://lawyersgunsandmoney.simplecast.com/episodes/1-miami-1985Check out other MSW Media podcastshttps://mswmedia.com/shows/Follow AG and Dana on Social MediaDr. Allison Gill Follow Mueller, She Wrote on Posthttps://post.news/@/MuellerSheWrote?utm_source=TwitterAG&utm_medium=creator_organic&utm_campaign=muellershewrote&utm_content=FollowMehttps://muellershewrote.substack.comhttps://twitter.com/MuellerSheWrotehttps://www.threads.net/@muellershewrotehttps://www.tiktok.com/@muellershewrotehttps://instagram.com/muellershewroteDana Goldberghttps://twitter.com/DGComedyhttps://www.instagram.com/dgcomedyhttps://www.facebook.com/dgcomedyhttps://danagoldberg.comHave some good news; a confession; or a correction?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/From The Good Newshttps://www.netrootsnation.org - Promo Code NN24Partner (Baltimore MD)Are Direct PLUS Loans eligible for Public Service Loan Forgiveness (PSLF)? (studentaid.gov)Pilot Project Brewing - brewery incubator, tasting room & restaurant located in Chicago, IL and Milwaukee, WI. Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Sunday, June 2nd – Chicago IL – Schubas TavernFriday June 14th – Philadelphia PA – City WinerySaturday June 15th – New York NY – City WinerySunday June 16th – Boston MA – City WineryMonday June 17th Boston, MA https://tinyurl.com/Beans-Bos2Wednesday July 10th – Portland OR – Polaris Hall(with Dana!)Thursday July 11th – Seattle WA – The Triple Door(with Dana!)Thursday July 25th Milwaukee, WI https://tinyurl.com/Beans-MKESunday July 28th Nashville, TN - with Phil Williams https://tinyurl.com/Beans-TennWednesday July 31st St. Louis, MO https://tinyurl.com/Beans-STLFriday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts
In this episode, Joseph Reinke, CFA demystifies the Public Service Loan Forgiveness (PSLF) program and guides you through the essential steps to qualify. Despite many believing they don't meet the criteria, most borrowers with Direct Loans are inherently eligible. If your loans are not Direct Loans, we discuss the nuances of loan consolidation and how it impacts your eligibility. We delve into the intricacies of Income-Driven Repayment (IDR) plans, crucial for PSLF qualification, explaining why PSLF is not a standalone plan but a feature within these programs. Learn the importance of annually recertifying your income to avoid default solutions like forbearance—especially vital if your income changes. Furthermore, we clarify the employment requirements: working full-time (now defined as 32 hours per week by the government) at a qualifying non-profit or government organization is a must. We'll explain why certain positions, like contractors or those employed by for-profit entities, do not qualify. Finally, we emphasize the importance of submitting your Employment Certification Form correctly to ensure your progress toward loan forgiveness is tracked accurately. Don't miss this episode if you're aiming to navigate the complexities of PSLF or know someone who might benefit. Tune in to empower yourself with the knowledge to take control of your student loans effectively. Make money easy by becoming a Member of FitBUX today.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter provides a comprehensive checklist for pursuing Public Service Loan Forgiveness (PSLF) for physicians. He breaks down the steps to understanding the requirements, confirming if PSLF is right for you, getting organized and doing it consistently, building a contingency plan, and what to expect when you reach 120 payments. With insights from a client who had over $200,000 in loans forgiven, James offers valuable tips and resources to help physicians navigate the PSLF process successfully. Timestamp Summary 1:06 Essential PSLF Tips for Physicians Seeking Loan Forgiveness 6:30 Determining Employer Eligibility for Public Service Loan Forgiveness 11:23 Evaluating Public Service Loan Forgiveness Suitability and Strategies 16:48 Strategic Income Reporting for Lower Loan Repayments 19:40 Strategies for Timely Student Loan IDR Recertification 25:53 Mastering PSLF Through Organized Documentation and Regular Submissions 28:51 Identifying an Authorized Official for Employment Verification Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
The Public Service Loan Forgiveness (PSLF) program is undergoing major changes. The government is taking over processing from MOHELA, and a temporary pause is expected in May and June. How will this affect you? First, don't panic — PSLF isn't shutting down. The government is simply pausing processing while they transition everything over. But you'll want to take a few proactive steps to safeguard your payment count before the transition happens. Listen in as I dissect the real reasons behind these changes. Could it be a strategic move in the future student loan management? Find out how it can impact your forgiveness: Why the Department of Education is hitting the pause button on PSLF When to expect service disruption for your student loan management How the transition from MOHELA to the government impact PSLF processing The motivation behind the government's decision to take PSLF from MOHELA How the temporary shutdown will affect you, especially if you're expecting forgiveness in May or June Implications of the Department of Education's plan to centralize PSLF tracking What you need to do now to safeguard your payment count Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
The Biden-Harris administration just announced a significant step forward in student debt relief, approving an additional $5.8 billion for nearly 78,000 public service workers. The move is part of the ongoing improvements to the Public Service Loan Forgiveness (PSLF) program for those who serve in our communities (more info on requirements). With this latest announcement, the total loan forgiveness under the administration has reached $143.6 billion and benefited almost 4 million Americans. The relief includes beneficiaries of the limited PSLF waiver and other regulatory enhancements to the program, marking $62.5 billion in forgiveness for 871,000 borrowers since October 2021. In prior initiatives, that number has only reached 7,000 borrowers. The administration will be reaching out to nearly 380,000 borrowers who are close to qualifying for PSLF, expressing gratitude for their service and encouraging their continued dedication to public service roles. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, the risks surrounding the Public Service Loan Forgiveness (PSLF) program are reviewed. PSLF was established to incentivize individuals to pursue careers in public service by offering loan forgiveness after 10 years of qualifying payments. However, scrutiny has highlighted the various challenges and uncertainties that borrowers often face along the way. From eligibility criteria to bureaucratic hurdles, the road to PSLF can be fraught with obstacles, leaving many borrowers disillusioned and disheartened. This episode explores the drawbacks and challenges inherent in relying on PSLF as a pathway to debt relief. While PSLF may offer benefits for some, its limitations and uncertainties should not be ignored. Questions or thoughts about the show? Email pathefiway@gmail.com Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner's Workbook here! Website / Blog: pathefiway.com Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway Follow along on Instagram: @pathefiway https://www.instagram.com/pathefiway/ Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/ Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway Keywords: physician associate , physician assistant , physician associate PSLF , physician assistant PSLF , physician assistant financial independence , physician associate financial independence , physician assistant finances , physician associate finances , physician assistant finance , physician associate finance , physician assistant money , physician associate money , physician assistant school , physician associate school , PA school , PA-S , PA-C , pre-PA , physician assistant student , physician associate student , physician , medical student , medical resident , medical residency , nurse practitioner
YFP's Tim Baker addresses key questions from the community, covering retirement savings, cost of living, and the importance of the nest egg calculation. Summary On this week's episode of the YFP Podcast, host Tim Ulbrich is joined by YFP Co-Founder and Certified Financial Planner, Tim Baker, to dive into some of the most common questions from the YFP community. He covers topics ranging from debt repayment to investing and retirement planning in three key questions: How much do I need to save in order to retire? How do I determine what is enough? The intricacies of cost of living and understanding the income you'll have in retirement. Why the nest egg calculation is crucial in financial planning. Our discussion also delves into the pros and cons of paying off low-interest debt, such as student and auto loans, versus investing. Tim Baker also shares the strategies for prioritizing debt repayment, retirement savings, and saving for a house down payment. In a particularly insightful segment, Tim and Tim tackle a question from a listener with a $200,000 student loan balance, where Public Service Loan Forgiveness (PSLF) isn't an option. Tim Baker shares his perspective on weighing the decision between paying off the loans and pursuing forgiveness over 20-25 years, including the potential tax implications. Join us as we navigate the complexities of financial planning and empower you to make informed decisions for a secure financial future. About Today's Guest Tim Baker is the Co-Founder and Director of Financial Planning at Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 12,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. Tim attended the United States Military Academy majoring in International Relations and branching Armor. After his military career, he worked as a logistician with a major retailer and a construction company. After much deliberation, Tim decided to make a pivot in his career and joined a small independent financial planning firm in 2012. In 2016, he launched his own financial planning firm Script Financial and in 2019 merged with Your Financial Pharmacist. Tim now lives in Columbus, Ohio with his wife (Shay), two kids (Olivia and Liam), and dog (Benji). Mentioned on the Show Episode 272 - How Much is Enough YFP Planning - www.yfpplanning.com YFP+ - yourfinancialpharmacist.com/membership Subscribe to the YFP Newsletter YFP Open House on March 14, 2024 at 8:30pm EST - yourfinancialpharmacist.com/openhouse YFP Disclaimer Tim Ulbrich on LinkedIn Tim Baker on LinkedIn
The American College of Surgeons (ACS) is dedicated to improving the care of surgical patients as well as safeguarding standards of care in an optimal and ethical practice environment. As a surgeon, ACS membership forms an integral part of your profession, and becoming a fellow allows you to draw on an abundance of professional development resources, educational opportunities, and community connections to help you succeed. In today's episode, Dr. Dan Hawkins, an oral maxillofacial surgeon and assistant professor at the Virginia Commonwealth University (VCU) School of Dentistry, sheds some light on what it takes for single- and dual-degree surgeons to become Fellows of the ACS (FACS) and what the practical benefits are, including continued interdisciplinary collaboration with other surgical specialties. We also discuss the importance of seizing every opportunity to learn and keeping an open mind when deciding whether to go into private practice or academics, plus so much more!Key Points From This Episode:A brief overview of Dan's training and his current practice setup.What the American College of Surgeons (ACS) is and what is required to become a fellow.Three reasons that Dan joined the ACS and how you can benefit from FACS.Advice for young surgical residents deciding what to do with their careers.Why Dan suggests keeping an open mind about going into academics.Pros and cons of the academic setting for oral maxillofacial surgeons.Recommended reads, daily practices that benefit Dan as a surgeon, his preferred surgical instruments, and more!How being a lifelong learner can be advantageous for your career.Links Mentioned in Today's Episode:Virginia Commonwealth University (VCU) School of Dentistry — https://dentistry.vcu.edu/Dr. Daniel Hawkins Email — hawkinsdaniel45@gmail.comAmerican College of Surgeons — https://www.facs.org/American Association of Oral and Maxillofacial Surgeons (AAOMS) — https://www.aaoms.org/Public Service Loan Forgiveness (PSLF) — https://studentaid.gov/manage-loans/forgiveness-cancellation/public-serviceFinancial Freedom Rx: The Physician's Guide to Achieving Financial Independence — https://financialfreedomrx.org/Yellowstone — https://www.paramountnetwork.com/shows/yellowstoneDr. Stucki's Favorite KLS Martin Instruments — https://www.klsmartin.com/dr-stucki-instrumentsEveryday Oral Surgery Website — https://www.everydayoralsurgery.com/ Everyday Oral Surgery on Instagram — https://www.instagram.com/everydayoralsurgery/ Everyday Oral Surgery on Facebook — https://www.facebook.com/EverydayOralSurgery/Dr. Grant Stucki Email — grantstucki@gmail.comDr. Grant Stucki Phone — 720-441-6059
Financing Ambition - A Personal Finance Podcast from Laurel Road
In this episode, we're joined by Kimberly McClellan, EdD, Adjunct Clinical Professor at Drexel University College of Nursing and Health Professions, to discuss student loan forgiveness for nurses. Kim had $69,000 in student loan debt forgiven through the Public Service Loan Forgiveness (PSLF) program, and she shares how our student loan specialists helped her get there.
Jared Wall works as a student financial services advisor at a private university and shares how individuals can apply to have student loans forgiven through the Public Service Loan Forgiveness (PSLF) program. Qualifications include being employed by a 501(c)(3) organization, which would include all churches that are members of the NAFWB. Find out more about the program and how to apply https://studentaid.gov/pslf/. #NAFWB #BetterTogether #College #StudentDebt
Student Loan Repayment Tips for Physicians Sim Terwilliger, a certified financial planner specializing in physicians and their families. The focus of the episode is on common mistakes physicians make when repaying student loans. Segment 1: The Three Most Common Mistakes: Repaying Without Exploring Options: Sim highlights the misconception of the one-size-fits-all approach to repaying student loans. Discusses alternatives like Public Service Loan Forgiveness (PSLF) and income-driven repayment plans based on the type of employment. Not Knowing Forgiveness Options: Explores forgiveness options such as PSLF and income-driven repayment plans. Mentions the special Income Driven Repayment (IDR) waiver that's expiring soon and its benefits, including counting forbearance periods as qualifying payments. Letting Loans Dictate Life Choices: Talks about the impact of student loans on life choices, including home ownership. Mentions the doctor's mortgage as an option for physicians to enter the housing market with a lower down payment. Introduces the SAVE plan and its benefits, emphasizing the importance of not letting loans control life decisions. Segment 2: Repaying Too Early: Discussion on the concept of repaying too early and the importance of aligning repayment strategies with individual financial goals. Sim emphasizes the need to consider interest rates, time value of money, and the potential benefits of investing instead of aggressive early repayment. Segment 3: Additional Mistakes and Advice: Sim discusses the mistake of not being aware of rule changes regarding loan forgiveness. Highlights the case of a physician who could have qualified for forgiveness but was unaware of recent changes. Encourages physicians to stay informed and take advantage of available resources for student loan education. Segment 4: Empowering Women in Business: Sim shares advice for women in business and entrepreneurship, emphasizing the importance of charging what they're worth. Addresses the tendency for women to downplay their value and encourages them to be assertive in negotiations. Closing: Sim provides information on accessing free resources and encourages listeners to visit studentloanplanner.com for consultations, offering a special discount for the podcast audience until the December deadline. --------- Dr. Sharon McLaughlin, a physician and virtual speaker, specializes in addressing topics such as confidence, communication, and career development. As the visionary behind the Female Physician Entrepreneurs Network and Business Program, she dedicates herself to empowering women in the medical field. Her mission involves assisting female physicians in transforming their innovative ideas into lucrative businesses, providing them with the freedom to lead fulfilling lives on their terms. Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout. Thriving After Burnout Thriving After Burnout: A Compilation of Real Stories and Strategies to Reduce Female Physician Burnout For women physicians https://fpestrong.com Our Business program https://businessmindsetmd.com Her website https://sharonmclaughlinmd.com You can reach her at sharon@sharonmclaughlinmd.com
Student Loan Repayment Tips for Physicians Sim Terwilliger, a certified financial planner specializing in physicians and their families. The focus of the episode is on common mistakes physicians make when repaying student loans. Segment 1: The Three Most Common Mistakes: Repaying Without Exploring Options: Sim highlights the misconception of the one-size-fits-all approach to repaying student loans. Discusses alternatives like Public Service Loan Forgiveness (PSLF) and income-driven repayment plans based on the type of employment. Not Knowing Forgiveness Options: Explores forgiveness options such as PSLF and income-driven repayment plans. Mentions the special Income Driven Repayment (IDR) waiver that's expiring soon and its benefits, including counting forbearance periods as qualifying payments. Letting Loans Dictate Life Choices: Talks about the impact of student loans on life choices, including home ownership. Mentions the doctor's mortgage as an option for physicians to enter the housing market with a lower down payment. Introduces the SAVE plan and its benefits, emphasizing the importance of not letting loans control life decisions. Segment 2: Repaying Too Early: Discussion on the concept of repaying too early and the importance of aligning repayment strategies with individual financial goals. Sim emphasizes the need to consider interest rates, time value of money, and the potential benefits of investing instead of aggressive early repayment. Segment 3: Additional Mistakes and Advice: Sim discusses the mistake of not being aware of rule changes regarding loan forgiveness. Highlights the case of a physician who could have qualified for forgiveness but was unaware of recent changes. Encourages physicians to stay informed and take advantage of available resources for student loan education. Segment 4: Empowering Women in Business: Sim shares advice for women in business and entrepreneurship, emphasizing the importance of charging what they're worth. Addresses the tendency for women to downplay their value and encourages them to be assertive in negotiations. Closing: Sim provides information on accessing free resources and encourages listeners to visit studentloanplanner.com for consultations, offering a special discount for the podcast audience until the December deadline. --------- Dr. Sharon McLaughlin, a physician and virtual speaker, specializes in addressing topics such as confidence, communication, and career development. As the visionary behind the Female Physician Entrepreneurs Network and Business Program, she dedicates herself to empowering women in the medical field. Her mission involves assisting female physicians in transforming their innovative ideas into lucrative businesses, providing them with the freedom to lead fulfilling lives on their terms. Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout. Thriving After Burnout Thriving After Burnout: A Compilation of Real Stories and Strategies to Reduce Female Physician Burnout For women physicians https://fpestrong.com Our Business program https://businessmindsetmd.com Her website https://sharonmclaughlinmd.com You can reach her at sharon@sharonmclaughlinmd.com
PSLF Program Eliminated $51 Billion In Student Debt For Public & NPO As reported by Philanthropy.com, the Public Service Loan Forgiveness (PSLF) program, initiated in 2007, was designed to alleviate student debts for those dedicating a decade to nonprofits or government roles. However, the program was largely unknown and challenging to secure until recent rule changes and promotion. The Biden administration's reforms in October 2021 breathed new life into the program, erasing an astounding $51 billion in student debt for over 700,000 public service workers. Yet, only about 15% of the 9 million eligible workers have applied. Despite earlier bureaucratic challenges and a high rejection rate, recent changes like loan consolidation and credit for past payments have transformed the lives of many by freeing them from significant student debt. As the cost of higher education skyrockets, nonprofit organizations should be actively promoting this program both to its employees as well as future employees. Read more ➝ Summary Nonprofit Funded by Crypto Billionaire McCaleb Buys $500 Million in Nvidia Chips for AI Computing | Reuters A new nonprofit called Voltage Park, funded by cryptocurrency billionaire Jed McCaleb, has purchased $500 million worth of advanced AI chips from Nvidia. Voltage Park plans to set up AI computing clusters in multiple data centers and lease capacity to companies for artificial intelligence projects. This comes as demand for AI hardware has surged following the release of chatbot ChatGPT, with chip shortages plaguing businesses. By providing low-cost access to powerful Nvidia H100 chips, Voltage Park aims to make AI computing more accessible. The tax-exempt nonprofit is a subsidiary of McCaleb's Navigation Fund, meaning any profits will be donated to the philanthropic fund. St. Louis nonprofit director stole millions from child nutrition program, feds say | STLtoday.com The former head of a St. Louis nonprofit has been charged with fraudulently spending $20 million in federal child nutrition funds on luxury homes and goods. Connie Bobo of New Heights Community Resource Center allegedly falsified records to net $11 million in bogus meal reimbursements. If convicted on the wire fraud, identity theft and obstruction charges, Bobo faces up to 22 years in prison and forfeiture of illicit purchases. The indictment follows reporting on questionable practices by Missouri nonprofits administering pandemic aid, as authorities crack down on abuse of the loosened oversight. Nature Conservancy Bets on Startups to Boost Climate Mission and Returns |FastCompany The Nature Conservancy is now investing part of its $3 billion endowment directly into climate tech startups, leveraging its scientific expertise to support companies like Overstory and Yard Stick. The nonprofit sees an opportunity to back high-impact startups aligned with its conservation mission that also have potential for strong financial returns. Direct investing represents a shift beyond TNC's past practice of relying on outside managers and index funds for its endowment. The approach shows how nonprofits with sizable endowments could strategically deploy capital to advance their mission as well as financial goals.
Join Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future. Discover the intricacies of student loan management and gain insights into crafting a tailored repayment strategy that suits your unique circumstances. Daniel and Jeff bring their expertise to the table, making the complex world of student loans more understandable and helping you make informed decisions. Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links: Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.
On this episode, sponsored by FirstHorizon, Brenna Roth, MD, MPH, shares her journey having over $550k of student loans forgiven tax-free via PSLF. Summary Are student loan forgiveness programs a beacon of hope for graduates drowning in debt? Joining us this week is Brenna Roth, MD, MPH; a physician who achieved an incredible financial milestone - over $550,000 of student loans wiped clean through the Public Service Loan Forgiveness (PSLF) program. In our conversation, Brenna discusses her background in medicine, the accumulation of her student loan debt, her initial feelings about the debt, and her journey to tax-free forgiveness. She also shares advice for individuals facing high student loan debt and considering PSLF as an option. We also unpack the challenges of dealing with loan servicing companies, the impact of the COVID-19 payment freeze, and the benefits of lower monthly payments through income-driven repayment plans for those pursuing PSLF. If you're curious about the PSLF program or facing significant student loan debt, Brenna's inspiring story sheds light on the potential benefits of pursuing loan forgiveness and highlights the changing landscape of student loan repayment. About Today's Guest Brenna Roth, MD, MPH is an infectious disease doctor and public health specialist who works in academic global health and research. She lived and worked in Tanzania for 3 years and has continued to work on international programs and research projects across sub-Saharan Africa since. She has successfully navigated the Public Service Loan Forgiveness Program across multiple loan servicers, jobs, and continents. Mentioned on the Show Brenna Roth, MD, MPH on LinkedIn Federal Student Aid YFP 248: How 3 Pharmacists Had $700,000 of Student Loans Forgiven Episode Sponsor: First Horizon YFP Planning: Fee-Only Financial Planning for Pharmacists Tim Baker on LinkedIn Tim Ulbrich on LinkedIn YFP Disclaimer Subscribe to YFP Newsletter
Join Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future. Discover the intricacies of student loan management and gain insights into crafting a tailored repayment strategy that suits your unique circumstances. Daniel and Jeff bring their expertise to the table, making the complex world of student loans more understandable and helping you make informed decisions. Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.
Feeling anxious about starting Student Loan Payments? Feeling confused by all the new SAVE plan changes? If yes, this is the episode for you!Becca Baldauf a CPA and Certified College Financial Consultant with Student Loan Planner joins us to have a conversation on Student Loans. Starting October 2023, student loan payments resume. President Biden has also recently launched the SAVE plan which has many new changes and potential HUGE benefits for many borrowers. Becca gets into specifics about student loans such as consolidation, public service loan forgiveness [PSLF], loan forgiveness in general, the different plans for repayment and their benefits, and general ways to approach loans. This is a must-listen episode for anyone who has student loans! Share it with anyone who is wondering how to approach their student loans. For questions on your specific situation, you can book a consultation with Student Loan Planner here. Here's some exciting points from today's conversationBorrowers who work at a nonprofit but who are employed by a private company (because they are not able to work directly for the nonprofit) can now qualify for Public Service Loan Forgiveness (PSLF). Ex: Kaiser Permanente physicians If you worked at a nonprofit in/after undergrad and you were paying your student loans, then those months can now apply to forgiveness for all your loans. Your loans must be consolidated for this to apply. The deadline to consolidate is December 31, 2023. Ex: Susan worked as a lab tech at a nonprofit hospital for 1 year prior to PA school. She was paying for her undergrad loans during that time period. She went to PA school and accumulated grad school loans as well. The 12 months count towards her entire 120 loan count towards PSLF not only for the undergrad loans. Show NotesBook an appointment with Student loan plannerStudent Loan Planner website Information on One-Time Payment Count Adjustment for Eligible BorrowersCertification form for public service loan forgivenessNotice anything spooktacular about today's Build a Wealthy Spirit Jingle? Yes, we did have a spooktacular edition of the theme song because I'm OBSESSED with Halloween. Do not fret! This eerie jingle is here to stay for the month of October, so be sure to join us next time as we put down the ghoul-book and rethink the status quo.Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!
In this episode, Daniel and Jeff dive into the intricacies of the new Student Loan Affordability and Value for Education (SAVE) Plan, shedding light on emerging strategies for student loan borrowers. The SAVE Plan is making waves in the world of student loan repayment, offering exciting opportunities for those seeking to manage their debt effectively. The hosts explore the advantages and considerations of the SAVE Plan compared to other repayment options, such as PAYE and IBR, and discuss the crucial factor of filing taxes jointly or separately when optimizing student loan payments. They also touch upon the implications of the SAVE Plan for Public Service Loan Forgiveness (PSLF) and examine how it influences long-term loan forgiveness. But that's not all; Daniel and Jeff also tease an intriguing topic for their next episode: the possibility of buying back credit on PSLF. Tune in to stay informed about the latest developments in student loan management, discover new strategies, and navigate the ever-evolving landscape of student debt. Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links My Aid Data - https://studentaid.gov/ Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.
In America, student loan debt has exploded over the last twenty years, with the average inflation-adjusted federal loan debt per student rising from under $29,000 in 2011 to nearly $40,000 in 2020. Students and their parents are paying an increasingly costly price for college education, outpacing growth in expected starting salaries.After more than three years, loan payments are coming due again after the expiration of a Covid-era forbearance program put in place under President Trump and extended under President Biden. My guest today, Emma Crawford, is intimately familiar with student loans as both a borrower as well as a former university aid advisor, and now as a financial planner.Emma Crawford is the former Director of Financial Wellness and Financial Aid Advising for the University of Wisconsin School of Medicine and Public Health. She holds the Certified Financial Planner (CFP) designation and is a fee-only financial planner for Perk Planning, based out of Madison, Wisconsin. Emma joins me on the show today to discuss the evolving and complicated world of student loans for the first two-thirds of the show. The final third of the interview is dedicated to discussing the equally convoluted world of financial planners and advisors. We discuss the nature of fee-only advising and who may find this type of service appropriate. Topics Discussed with Emma CrawfordWhen student loan payments are due after the expiration of Covid-era forbearanceWhere to find information about your loans and loan servicersHow Emma used the loan forbearance period to improve her financial situation and lifestyleThe importance of automatic payments and how utilizing automation can save you moneyWhat is Public Service Loan Forgiveness (PSLF) and who is it for?Other repayment optionsInvestigating typical interest rates on student loans and weighing debt paydown against other investing opportunitiesFederal vs private student loansCan loan forgiveness policies be reversed or overturned in the future?Why has student loan debt become so politically fraught?Balancing the cost of education with expected career choices and payConsidering costs of education beyond tuitionHow to avoid loan default and what happens to those who defaultHow Emma pays off student loans and other debt while investing for retirement at the same timeWho needs a financial advisor and how to choose oneThe importance of understanding how financial advisors get paid and the fiduciary dutyThe problem with mixing life insurance and investingHow Emma's background in psychology helps her as a financial plannerEmma's thoughts on the FIRE movementSo much more! Support this project: Buy Me a CoffeeGet the newsletter: SUBSCRIBE ME!Show Notes and Links at Clippingchains.com
Docs Outside The Box - Ordinary Doctors Doing Extraordinary Things
While we're in Ghana for the month of August, we didn't want to leave you hanging so we will be running replay episodes of our top listened to episodes in the past year with a few new tidbits thrown in. We've officially completed our medical mission and are now taking the next week to spend time with family in Ghana before heading back to the States. We've really enjoyed having our kids here with us for this trip and Dr. Renee enjoyed being able to spend time with the kids and enjoy Ghana and not worry about working. In today's episode, Dr. Nii brings on Travis Hornsby, founder of Student Loan Planner, a team of consultants that help people navigate paying off their debt fast while maximizing loan forgiveness opportunities. Student Loan Planner has counseled over 8,000 clients and created plans that cover approximately $1.8 billion in student loan debt.Things to expect in this episode:[08:43] A discussion on FFEL, Direct Loans and Public Service Loan Forgiveness[20:02] The difference between Public Service Loan Forgiveness (PSLF) & Income Based Repayment (IBR)[50:12] The perfect loan pay-off scenario for medical students, residents, and physicians ▶️ WATCH THIS EPISODE ON YOUTUBELinks Mentioned: PSLF Waiver60 Minutes feature of Public Service Loan Forgiveness (PSLF)This episode is sponsored by Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve!. Check them out HERE!Join our community:Text word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @docsoutsidetheboxEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comOur podcast equipment:Sony ZV E-10: https://amzn.to/3oXXtvVDummy Battery for ZV E-10: https://amzn.to/3J6ycGrNeewer Tripod: https://amzn.to/42FJ0T3DJI Wireless Lavalier Mic: https://amzn.to/43BDaU5Shure SM7B Mic: https://amzn.to/3CJFZqtCloudLifter for Shure SM7B: https://amzn.to/3oUWfl8Pocket RGB Camera Light: https://amzn.to/43C5iWWXLR Cable: https://amzn.to/3X0NPVTGVM 100W Video Light: https://amzn.to/3JaIA03Samson Q2U Mic: https://amzn.to/3CpyPqX
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