Podcasts about repaye

The Repayment Assistance Plan, aka RAP, is another student loan overhaul, and people have a lot of questions. Learn what this plan actually is, why it matters right now, and the real chances of it becoming law. If you're wondering when or if you could switch to this plan, we've got you covered. The RAP might completely change how student loan repayment works. We're unpacking all the details and what you might want to keep in mind if you've got loans. Key moments: (03:55) If you're close to forgiveness, sticking with IBR will probably make more sense (05:16) This administration is rushing student loan changes before finalizing regulatory details (09:59) There's still a long way to go, and some Senators just want to bring back REPAYE (13:08) Graduate professions would lose diversity if only students from wealthy families could afford them   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 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.

________ Dr. Disha discusses the SAVE Plan, a student loan forgiveness initiative introduced by the Biden administration, now embroiled in legal battles.  The plan, designed to replace the REPAYE plan, offers significant concessions to borrowers but has faced lawsuits from Republican-led states.  With parts of the plan temporarily blocked and the issue likely heading to the Supreme Court, borrowers are placed in administrative forbearance.  Dr. Spath advises borrowers to stay informed, consider switching repayment strategies if close to forgiveness, and emphasizes the importance of voting in the 2024 election to influence the future of student loan policies. RESOURCES MENTIONED SAVE Plan - Saving on a Valuable Education Plan. Biden-Harris Administration - Initial attempts to provide student loan relief. HEROES Act of 2003 - Used by the administration to justify loan cancellation. Higher Education Act - Cited for introducing the SAVE Plan. Income-Driven Repayment Plans (IDR) - Comparison to the SAVE Plan. Public Service Loan Forgiveness (PSLF) - Impact of administrative forbearance on PSLF. Supreme Court - Legal challenges and potential rulings on the SAVE Plan. 2024 Election - Potential impact on the future of student loan forgiveness. Trump Administration - Previous stance on student loan forgiveness and proposals. Department of Education - Administrative actions and current status of the SAVE Plan. —---

A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey. In today's episode, you'll find out: How the end of the IDR waiver impacts borrowers who've been in forbearance or deferment Changes borrowers should prepare for after the IDR waiver expires How borrowers with older loans will suffer the biggest consequences as this program ends Options for maximizing qualifying payment count when consolidating loans Consequences borrowers will face when Pay As You Earn (PAYE) applications close What the precedent of moving borrowers from REPAYE to the SAVE plan means for the future of IDR programs How to calculate the cost-benefit of married filing separately for taxes Tips to navigate the PSLF pause during the transition from MOHELA to the Department of Education  What “consolidation Death Valley" is and why it could impact you in May-June 2024 Best practices for dealing with the coming uncertainty of student loans Links mentioned:  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!  

Welcome back to Common Sense Medicine! In this episode, we're joined by Dr. Jimmy Turner, an academic anesthesiologist, self-proclaimed money nerd, and host of "Money Meets Medicine" podcast. He's also the author of "The Physician Philosopher's Guide to Personal Finance" Dr. Turner's mission is to empower doctors to find work-life balance and financial freedom. We delve into his journey from burnout to empowerment and discuss his involvement with Attend, a groundbreaking startup that redefines how physicians navigate financial challenges. For more insightful discussions, be sure to follow him on Twitter (@TPP_MD) and check out his book, and visit Attend's website for valuable resources and support. Join me as I explore the intersection of medicine and finance and discover practical solutions for physicians seeking a better quality of life.Again, if you've been forwarded this email and are just getting this for the first time— thanks for reading! I publish podcasts monthly and I'd love for you to subscribe using the link below. Video version[0:00] Introduction[0:34] Jimmy's story and learning more about the startup world* He did anesthesiology residency and fellowship at Wake Forest, and stayed on faculty there * Really started getting involved in learning about how to manage his money during fellowship — read the blogs, the books, and dove deep into the podcasts around personal finance* He really liked teaching others and he stayed in academic medicine and students, residents, and fellows used to ask his tips about money management* He married burnout with financial wellness, and his first business, The Physician's Philosopher (TPP) was around combating this idea about financial wellness* There is an intrinsic link between financial wellness and specialty choice / when you start a family / how you practice* He started a couple of podcasts, wrote a book, and became a top 5 name for physician blogger with TPP* That led to him starting a business with his co-host for Money Meets Medicine podcast, Dr. Lisha Taylor* Attend's north star - “Legitimately do what's good for doctors using technology”* Jimmy's mission is trying to put people over profit, and Attend's mission of being the comprehensive solution which is best for doctor's financial wellness was too good to pass up and was highly appealing to him [5:00] How do financial incentives impact physicians? * Jimmy would get told not to make a formal curriculum for students and residents around personal finance, both of which he does now* Nobody wanted to talk about money because they didn't want to cause any trouble * In fact, higher student loan burdens are linked with lower in-training exam scores. In-training exams in an internal medicine cohort (n = 16,394) showed that scores decreased as educational debt increased, with a mean difference of 5 points (IM-ITEs are scored as a percentage of total questions answered, only 260 out of the 300 items are scored).* This suggested to Jimmy that as a residency program, they should be ethically bound to teach their residents the ins and outs of personal finance wellness * Conflicts of interests are important to consider, but physicians already have conflicts when they have relationships with device manufacturers[07:15] Jimmy's experience with entrepreneurship and lessons learned* There are 2 schools of thought around entrepreneurship — (1) hustle as hard as you can or (2) take some time for yourself and make sure you can have a sustainable life outside of your business* He started out on the first camp, and now he's squarely on the second. He first started out with 60 hours / week with his main job as an anesthesiologist, and 20 hours / week on the business. It transitioned to more hours in the busines and less hours in anesthesiology until he arrived at his current split of 2 days / week as an anesthesiologist and the rest is on the business.* By the end of the first year, he hadn't made any money. By month eighteen, he might have broken even in the $5,000 he put in to make the website* He realized that in order to help people, he had to make his business grow, which in turn required revenue* He sold the personal finance business of TPP to Attend, where he became the Chief Medical OfficerFear is by far and the way the biggest lesson. Doctors are usually afraid of failure, and we haven't experienced much of it. However, in entrepreneurship, you're going to have a product, or a service line, which doesn't bring any profit to you. And you're going to have to take those learnings and improve. [11:12] How does Attend make money? * Attend makes money on consults for student loans / disability insurance. From their website, they can work with you in defining a plan for you post medical school how to manage your loans and how to pick a good disability insurance* Jimmy said that their consults usually cost around $200-500 per consult, and they are framing it as a way to save hundreds of thousands of dollars in the long term with your student loan burden* Jimmy mentions that his friend decided to refinance his student loans with a private loan lender, and it cost him $400,000 in student loans because he doesn't qualify for the public loan forgiveness program (PSLF)* Shree's research: I found that their products include $199.00 per student loan consult and can split it up over a few months, and they serve as a point person for good insurance disability quotes. I think that they have some sort of relationship with the brokers that they use for disability insurance, to either get a flat fee paid out to be part of their “trusted broker” list or some other revenue sharing arrangement. * Jimmy mentions that all of their employees earn a flat salary so they are not incentivized to push any larger policies to earn a larger commission; they are trying to design incentives so they don't screw people over by preventing them from being eligible for disability insurance[13:38] Jimmy's story about disability insurance / his journey to personal finance * When Jimmy was a fourth-year medical student, he had his first child, and wanted to get life insurance* He sat with a brother of a friend who was an insurance salesman and bought a private disability insurance policy which was fully underwritten and involved a deep dive into his medical history* Jimmy takes propranolol for essential tremor and has an ADHD diagnosis which he takes medication for, and this prevented him from getting disability insurance* Most residency programs have a Guaranteed Standard Issue (GSI) policy which is available to trainees if they haven't been denied or haven't been disabled. If you don't have an income, this none of the rest of personal finance matters* He thinks that disability insurance is the #1 financial task for physicians in residency because you'll never be more insurable than you are now* You have to be able to tell the insurance agent everything, because they can't go to the medical boards. If they find something in the medical underwriting piece, you're toast * Most insurance agents won't tell you about the GSI plan* GSI plan is only available during training and three months, usually, out of training. It locks in your rate in training and then, when you're out of training, allows you to buy more insurance as your income increases* A fully underwritten policy isn't bad if you're healthy, but make sure that you get a benefits rider to make sure your health history is “locked-in” at this current time because most people develop a medical problem during residency[18:53] What are some financial lessons which residents and students should know as they're starting their career? * When you're graduating medical school, the name of the game is preventing debt* When you get to residency, get disability insurance and make a student loan plan and see how you're going to join PSLF. Avoid revolving credit card debt like the plague* Work on the smaller tasks during residency — make an emergency fund ($1,000 as a resident, 3-6 months of living expenses as an attending physician)* Doctors are really bad at backcasting, and don't reverse engineer when they want to retire * The Diderot Effect, AKA lifestyle creep - obtaining a new possession often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that our previous selves never needed* If you have extra money, you will spend that money. You have to know that it is coming as an attending physician[22:05] Discussion around Roth IRA / 401K and investing* You would rather pay the taxes and then invest as a Resident in a Roth IRA, and when you're in your Peak earning years, you put it in a Pre-tax vehicle (401K) (RR, PP)* The only caveat is that as a trainee, in an income-driven repayment program, your loan payments are based on your post-tax income (Adjusted gross income - discretionary income). If you contribute to a 401K, your student loan payments will be smaller* If you have a 401K match in residency, then you should definitely use it (“It's free money!”), but be careful about the vesting period — you don't want the money that you earned during the match to evaporate if you sign a job offer at a different institution[26:09] Refinancing student loans — why are doctors so bad at decision making? * The savings from Attend are often immediate — long term, there is always a return for these consults* When refinancing, you don't want to do it with a private lender. Jimmy thinks that every single company should have the disclaimer that “If you refinance your student loans, then you can never do PSLF ever!” * Every company which recommends a particular lender to refinance with gets a kickback to do so* PSLF is public service loan forgiveness program, which is a program which lets you get your loans forgiven tax-free. * In order to qualify for this program, you have to be enrolled in an income-driven repayment program (IDR) administered by the federal government, where loan payments are driven by your income* The two IDR programs are SAVE (formerly REPAYE) and IBR (income-based repayment). SAVE is a great plan for a majority of people — it allows for a cap on interest for your loans and can exclude your spouse's income. * Right now, there are four IDR programs, but they are consolidating into two (SAVE and IBR) in 15 months and you have to be in one of them to get PSLF* You have to make 120 non-consecutive qualifying payments on a federal loan, have to be in an income-driven repayment program (IDR) and work at least 30 hours a week for a qualifying employer (80% of hospitals are qualified state organization, federal organization, non-profits which allow for this) to get your loans forgiven. Residency payments which are low qualify for this program[33:10] Non-clinical careers — what do you tell people about making the switch?* You can still be an entrepreneur in medicine — a private practice doc, etc. Entrepreneurship allows for autonomy and allows Jimmy to control his schedule in a holistic way, more than medicine does * Also, burnout is a big problem for physicians and people are tired of it* If you can find a coach who can accelerate your journey for what you want to do, it's easier to achieve your goals. It is an uphill battle to found your own practice, but lean on people who have done the work before[40:11] Jimmy reflects on the most valuable advice he was given* He had a coach walk him through the process of why his business was failing. He wasn't trained as well to manage a business. The coach mentioned that he didn't have to do it all by himself* He was initially worried about the cost of running a business, but bringing more people into the business was helped him to improve the business * The best process improvement that happened during his business-building experience was the onboarding process for customers and building out the customer relationship management (CRM) system[43:40] What are the biggest failures that you've faced? * Ryan Holiday's “Obstacle is the Way” really helped him contextualize the process of failure into a stepping stone rather than a final destination* You have to experience the failure in order to learn the lesson* He was scared of offending people, and he had to realize that he was going to offend someone when he picked up a mic or typed something on a keyboard* Getting over the fear of being perceived as a failure was a big hurdle for him as well, and he was scared of being judged* Jimmy thinks that sales is a service, and it's not sleazy. You're trying to provide them a service which makes that [47:29] What's Jimmy's favorite car? * It would have to have manual transmission, and it would have to have a lot of horsepower * There aren't that many cars left like this: You have the CT4 Blackwing (which he drives), or a CT5, or the M3 / M5 BMWs [49:23] Which books would you recommend? * From a business perspective, “Never Split the Difference” by Chris Voss, “Think Again” by Adam Grant, “Leaders eat Last” by Simon Sinek, and “The Hard Thing about Hard Things” by Ben Horowitz This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.shreenadkarni.com

The SAVE plan has become a hot topic for many borrowers, and we're getting a lot of questions. I will answer the top questions we see, including what it is and when you need to sign up for it. I'll cover important deadlines and major red flags you need to know about student loans. You'll learn how the SAVE plan can impact your loans, why it might not be the best option for every borrower, and what to do if you're unsure about your repayment strategy.  In today's episode, you'll find out: The pros and cons of the SAVE plan and why it isn't the right fit for everyone When to choose PAYE over SAVE for a more cost-effective repayment option Final dates for taking advantage of the IDR account adjustment Deadlines for signing up for PAYE and ICR repayment plans If the SAVE plan is better than the new REPAYE plan people have been talking about Why our student loan advice for 2023 is still valid in light of the new SAVE plan When and how to apply for the SAVE plan What Parent PLUS borrowers need to know about consolidations and access to the SAVE plan The real reason why higher education is so expensive Upcoming consultation openings in October More information on SLP Wealth and tax services Links mentioned:   SAVE Repayment Plan Pay As You Earn (PAYE) Plan Income-Driven Repayment (IDR) Plan Request Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts 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 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 episode 188 of the Martini Mortgage Podcast, host Kevin Martini discusses the upcoming resumption of federal student loan payments on October 1, 2023, and its potential impact on mortgage approvals. He emphasizes the importance of understanding one's financial position and offers insights on navigating the changing landscape. Main Topics: Resumption of federal student loan payments on October 1, 2023. How this might impact your mortgage approval. Key Points: Federal student loan payments and interest were suspended in March 2020 due to the COVID-19 pandemic. As of June 2023, the pause is set to end, with payments resuming on October 1, 2023. For homebuyers: The resumption may affect chances of mortgage approval due to increased monthly payments and interest accumulation. Three things borrowers should know: Payments resume on October 1, 2023. Interest accrual starts on September 1, 2023. There's a 12-month “on-ramp” period without penalties for late payments. During the payment hiatus, credit reports showed $0 obligation for federal student loans. However: FHA and Freddie Mac estimated payments using 0.5% of the total loan balance. Fannie Mae used 1% for their estimations. Estimated payment amounts might differ from the actual payments, which could affect the Debt-To-Income (DTI) ratio, a key metric for mortgage approvals. Income-driven repayment plans for federal student loans: PAYE: 10% of discretionary income. REPAYE: 10% of discretionary income, possibly less with dependents/spouse with loans. IBR: 15% of discretionary income. ICR: 20% of discretionary income. Under Fannie Mae, if the approved payment is zero, it's used for DTI calculations. Closing Thoughts: Be proactive and prepare for student loan repayments. Still, maintain homeownership aspirations. Understand your financial position as knowledge provides clarity, confidence, and direction. For insights on mortgage strategies amidst student loan resumption, contact Kevin Martini at 919.238.4934. About Kevin Martini: Kevin focuses on empowering families to create generational wealth via real estate and the right mortgage strategy. He's originated over a billion dollars in home loans since 2006. Recognized as one of the top 50 Mortgage Originators in the U.S., Kevin has been featured in Forbes and CNET. He frequently shares insights at conferences and hosts the Martini Mortgage Podcast. He's dedicated to helping clients make smart financial decisions for wealth growth and future planning. Connect with him on Instagram and YouTube for real estate and mortgage insights. Kevin Martini | NMLS 143962 | Certified Mortgage Advisor | Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgageGroup.com | Kevin@MartiniMortgageGroup.com | Equal Housing Lender

Details about the new student loan repayment plan are finally here. It's called SAVE, and it stands for Saving on a Valuable Education. I'm uncovering crucial details about the new plan and how it's replacing the existing REPAYE plan. It's the biggest change to student loans we've seen, and it has the potential to simplify student loan repayment and save borrowers thousands or even hundreds of thousands of dollars. I'll dive deep into the details, discussing recent changes, strategic applications, and the impact on Public Service Loan Forgiveness.  In today's episode, you'll find out: How to get a 12-month forbearance period after payments start with the Biden administration's new rule The implications of this forbearance, including its effect on credit reporting and loan interest accrual How the “special onramp forbearance” can strategically benefit borrowers An example where a brain surgeon with a significant student loan balance can be eligible for forgiveness How the COVID forbearance allows credit toward a 20 or 25-year repayment plan and PSLF What are the impacts of the recent changes to consolidation rules, and how it affects undergrad borrowers How the new SAVE plan works and why it will make repayment less complicated What Republicans are proposing for income-driven repayment plans Insight into the potential cost projections of the Biden administration's SAVE plan and possible legal challenges Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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 SAVE repayment plan is a new, updated version of the REPAYE income-driven repayment plan. How will it impact you? Learn more. 

The SAVE repayment plan is a new, updated version of the REPAYE income-driven repayment plan. How will it impact you? Learn more. The post What Is The SAVE Repayment Plan? appeared first on The College Investor.

Listen in as student debt expert and Board Member Dr. Tony Bartels in this next installment of our Student Debt Series. This episode we're going through the latest news from the Supreme Court, the Department of Education response, and what's next for borrowers. Listen in to learn about the important dates coming up, and make sure to check out the links below to learn more.    As always, we want to hear from YOU. Please share your thoughts by sending an email or joining the conversation.   GUEST BIO: Dr. Tony Bartels Tony Bartels, DVM, MBA graduated in 2012 from the Colorado State University combined MBA/DVM program and is a VIN Foundation Board Member and Student Debt Expert, and an employee of the Veterinary Information Network (VIN). He and his wife, a small-animal internal medicine specialist practicing in Denver, have more than $400,000 in veterinary-school debt that they manage using federal income-driven repayment plans. By necessity (and now obsession), his professional activities include researching and speaking on veterinary-student debt, providing guidance to colleagues on loan-repayment strategies and contributing to VIN Foundation resources. Beyond debt, his professional interests include small- and exotic-animal practice. When he's not staring holes into his colleagues' student-loan data, Tony enjoys fly fishing, ice hockey, camping and exploring Colorado with his wife, Audra, daughter, Lucy, and their two rescued canines, Addi and Maggie. LINKS AND INFORMATION:   Get Student Debt Updates: https://vinfoundation.org/veterinary-student-debt-updates/ VIN Foundation Student Debt Tools: VIN Foundation Student Debt Center: https://vinfoundation.org/studentdebtcenter Check your current student loan servicers and other loan details -- VIN Foundation My Student Loans tool: http://www.vinfoundation.org/mystudentloans Loan Repayment Simulator: https://vinfoundation.org/loansim  VIN Foundation WikiDebt: https://vinfoundation.org/wikidebt Additional links: Personalized student loan Help from VIN and VIN Foundation: https://vinfoundation.org/veterinary-student-loan-debt-help/  Repay Wiser: https://vinfoundation.org/resources/repay-wiser-veterinary-school-debt-loan-repayment/ Borrow Better: https://vinfoundation.org/resources/borrow-better-veterinary-school-loan-debt/  New Grad Student Loan Repayment Playbook: https://vinfoundation.org/resources/veterinary-new-grad-student-loan-repayment-playbook/  Climbing Mt. Debt for Veterinary Interns and Residents: https://vinfoundation.org/resources/climbing-mt-debt-veterinary-intern-resident/ Federal Student Aid Data, Consolidation, and Repayment Application: https://studentaid.gov/ Saving on A Valuable Education (SAVE) replacing REPAYE: https://studentaid.gov/announcements-events/save-plan Student Debt Relief Information: https://studentaid.gov/debt-relief-announcement/one-time-cancellation  One-time Forgiveness Count Adjustment  https://studentaid.gov/announcements-events/idr-account-adjustment Federal Student Loan Servicers: https://studentaid.gov/manage-loans/repayment/servicers Public Service Loan Forgiveness (PSLF): https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service Stay up to date with VIN Foundation updates: https://vinfoundation.org/updates/ VIN Foundation GIVE page to support these programs & tools: https://vinfoundation.org/give Email VIN Foundation: studentdebt@vinfoundation.org   You may learn more about the VIN Foundation, on the website, or join the conversation on Facebook, Instagram, LinkedIn, or Twitter.   If you like this podcast, we would appreciate it if you follow and share. As always, we welcome feedback. If you have an idea for a podcast episode, we'd love to hear it!

Early-career financial planning can make all the difference for physicians, but there is no cookie-cutter approach. Smart financial planning focuses on your individual circumstances and goals, and financial guru Tyler Olson of Olson Consulting LLC can help make sense of it all. He and host Chris Reilly, MD, MS, walk through some common questions, pitfalls, and concerns regarding medical school loans in the first of a 2-part episode.

Meagan McGuire, CSLP®, and Lauryn Williams, CFP®, are here to help you navigate the latest changes and updates to student loans. They start with an inspiring story of a father who shouldered his children's education debts with a Parent Plus loan, only to discover that recent changes now allow forgiveness. Plus, they reveal how the COVID forbearance measure has made Public Service Loan Forgiveness (PSLF) even more advantageous, with a three-year credit towards loan forgiveness. The two share expert tips on repayment plan combinations, navigating community property state laws, and leveraging the latest PSLF Help Tool developments.  You'll also see how Parent Plus loan borrowers can pursue loan forgiveness, even if you thought it was impossible.  In today's episode, you'll find out: There is no clear language on the technical implementation of the IDR waiver yet A case study on whether to consolidate an undergrad loan to get closer to PSLF forgiveness  How the standard ten-year plan compares to PSLF for Parent Plus loans How the new IDR waiver allows credit for unconsolidated Parent Plus loans towards PSLF A big update on how to submit an employment certification form for payment count  How spouses can maximize income-driven forgiveness by filing taxes separately The importance of using different repayment plans in different situations A case study strategy to lower payments using the double debt loophole The impact of state community property laws on student loan repayment How the new REPAYE plan could change repayment strategies for couples Which loans are (and are not) eligible for refunds Resource mentioned:  PSLF Help Tool Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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 Supreme Court's decision on the student loan cancellation case will have a profound impact on the Biden administration and on the implementation of the new REPAYE plan. I'm exploring that and giving updates on recent developments, such as a federal judge dismissing a case alleging racial motive for student debt cancellation and the introduction of a congressional resolution to stop cancellation and waiver programs. Additionally, I explore issues with the Department of Education's implementation and communication, the increasing resemblance of student loans to income tax, and the importance of considering federal loans when financing education.  In today's episode, you'll find out: Potential outcomes of the Supreme Court ruling on student loan cancellation How a lack of final rules and staff may delay the new REPAYE plan How case alleging discriminatory motivations for student debt cancellation was dismissed A warning to Biden administration about legal strategies to justify debt cancellation How to get disability insurance and discounts from Student Loan Planner Updates to congressional resolution to stop cancellation and waiver programs for student debt The possibility of debt reinstatement through joint resolution Political implications of student loan forgiveness and the IDR waiver How the Department of Education's policies and communication are flawed Details and potential challenges of the upcoming end to the student loan pause Importance of considering federal loans when financing education Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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, Emily interviews Meagan McGuire, a Certified Student Loan Professional and consultant with Student Loan Planner. Meagan goes over all the pertinent terms of the upcoming modified REPAYE plan, which is expected to join the other options for income-driven repayment plans in 2023. The relatively more generous terms of the modified REPAYE plan, such as the revised payment calculation and the interest subsidy, make it an attractive option not only for borrowers already in repayment but also for those currently eligible for deferment. That's right! If you are a grad student, don't default into deferring your student loans after the administrative forbearance ends! Instead, consider whether it's worthwhile to enter repayment under modified REPAYE. You could potentially avoid all of the interest that would have accrued on your unsubsidized loans during grad school and/or reduce the number of years you have to pay on your loans post-PhD—all for free or a low cost. If you hold any federal student loans, do not skip this episode!

Suis-je mauvaise de vouloir que ma belle mère repaye ma robe de mariée ?N'oublie pas de t'abonner au Podcast et de nous laisser une note ⭐️⭐️⭐️⭐️Suis-nous sur Tiktok,@passeleplaid déjà plus de 80000 personnes écoutent nos histoires là bas ! Abonne toi à notre chaîne Youtube pour écouter nos formats longs : https://www.youtube.com/channel/UCsLb_MWANuMu9cWP_frHbzQ Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Listen in as Meagan McGuire, CSLP®, and Dan Rooker, CFP®, CSLP®, share the results of the Supreme Court case on cancellation… just kidding. While we'd love to dive into how the case plays out, we recorded this episode prior to the verdict. But don't worry, we've got plenty of other valuable insights to share.  We're taking a closer look at the new Revised Pay As You Earn plan, commonly referred to as the "new REPAYE," and assessing whether it's a good fit for you. Plus, over the past few years, student loan freezes have influenced how people file taxes. How does the situation you're in now impact how you should file for 2022? Things will continue to change with the results of the most recent Supreme Court case coming out, but there are still plenty of ways to plan how you're going to file for this year.  Then, we'll discuss some of the nuances that are affecting student loan borrowers right now, loan consolidation, and as always, we'll be sharing some intriguing stories from our email inbox. In today's episode, you'll find out: The results of the Supreme Court case on cancellation…jk jk If new REPAYE is a good plan for you 1098-E tax form nuances with consolidations Whether married couples should file 2022 taxes together or separately Impacts of filing separately for income-driven repayment The tax deduction for federal student loan interest during the freeze  Delays on loan forgiveness with the PSLF waiver Information on consolidating your loans How address changes impact your double consolidation paperwork Consolidation with respect to the LDR waiver Email inbox storytime Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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 Department of Education announced a new, more generous income-driven repayment plan. Here's what to know about New REPAYE.

The Department of Education announced a new, more generous income-driven repayment plan. Here's what to know about New REPAYE. The post What You Need To Know About New REPAYE appeared first on The College Investor.

Join student loan consultants Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, as they answer questions from clients about student loans. Learn about the revamped REPAYE plan, forgiveness timeline for undergraduate and graduate loans, and discretionary income guidelines for repayment. They also dive into the tax implications of loan forgiveness, the difference between FFEL and Direct Loans, when the long-term benefits of federally held loans outweigh the advantages of refinancing, and more. In today's episode, you'll find out: Questions about the new repayment plan The forgiveness timeline of the new REPAYE plan When to save up for the tax liability to get ahead of the game How the option of married-filing-separately could be impacted Why you don't need to have a tax return to calculate your payment What you need to know if you feel like you're the only one making student loan payments How to get help with student debt Why you may need a student loan consultation even if you think you don't How do you go about the double consolidation on timing When can you start preparing for the double consolidation What to do if you've been laid off How to get your money back if you've been making student loan payments during the payment pause Link mentioned:  StudentAid.gov   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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!

President Biden announced a new student loan repayment plan at the end of January.  Well, actually its not new.  His plan is to revised the REPAYE program. Although people have been cheering it because how low it drops your monthly payments, it is extremely bad news in regards to the big picture. This podcast details why and what you need to do so you can be prepared. If you want more details on the new REPAYE program that has been proposed you can check out this episode of the podcast. Also, as I mentioned in the podcast, if you want to take advantage of our special right now, be sure to register to become a Member of FitBUX. If you are already a Member, you can log in and sign up from the dashboard.  

Exciting news for student loan borrowers! The new REPAYE plan proposed by President Biden aims to simplify the existing plan and offer more benefits to borrowers. It's an earth-shattering moment in higher education. A few highlights include being able to file separately for taxes (if you're married), qualifying for interest subsidies of 100%, and getting a 225% poverty line deduction to lower student loan payments. I'm diving into the nitty gritty details to help you understand how this plan may impact you.  In today's episode, you'll find out: What is the new repayment plan The ins and outs of the family size deduction Who can access the new income-based repayment plan Why the new repayment plan is vital for borrowers Why you need to figure out if PAYE is right for you right now How the Biden Administration modifies the income-driven plan The impact of the changes on student loan borrowers How many borrowers could pay $100 or less on their student loans How we'll serve this new group of borrowers who needs our advice Will the IDR plan be implemented What to do if you need to apply for a student loan forgiveness waiver What to expect next from student loans   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 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 Administration announced a new income-driven repayment plan that can significantly benefit millions of student loan borrowers. Student Loan Advisors Meagan McGuire, CSLP®, and Conor Mahlmann, CSLP®, discuss the revamped REPAYE plan that was recently proposed. Find out how the modified plan increases the poverty line deduction and provides interest subsidies to lower payments for anyone on income-driven plans. Whether you have undergraduate or graduate loans, you'll learn the mechanics of how the plan calculates payments and how it could affect you. Meagan and Connor also note that the plan is still in the commenting period and may be subject to changes. In today's episode, you'll find out: The new plan isn't really a new plan at all The basics of the proposed modifications to the REPAYE plan How the increase in poverty line deduction can instantly lower your monthly payments The role of adjusted gross income (AGI) in calculating your payment amount The interest subsidy that can cut your payment amount How it impacts couples who file taxes as married filing separately The biggest differences between the old REPAYE plan and the new REPAYE plan Why switching to PAYE down the line might not be an option What is double consolidation and why it makes sense for some borrowers How consolidation of forgiveness credit works When PAYE is best vs. the new revamped plan What to watch for with the IDR Waiver

Joe Biden has announced his new student loan repayment plan.   Its' actually not new.  Its a revision to revised pay as you earn (REPAYE). If this goes into law which it has a good chance of doing, it has massive implications.  If you borrowed student loans between 2007 and 2014 you'll want to listen because you have to make a massive choice and have to make it soon. If you are going to pay off your Federal student loans you're going to want to listen because this can save your $10,000s. If you are thinking of going on an income-driven repayment plan you'll want to listen because you're going to save thousands. We will be updating our calculators to help you make the choice on what to do.  Therefore, if this stuff is confusing don't worry.   Become a FitBUX Member, schedule a call with a FitBUX Coach, and we'll help you make the decision. Helpful links: FitBUX: https://www.fitbux.com Financial Freedom Webinar: https://www.fitbux.com/financial-freedom-webinar/

In this episode you will hear:   (15:48) Mark and Susan discuss the first of three reports by Educational Reform Now entitled, “The Future of Fair Admissions Report 1: Early Decision”. The Report was written by the Senior Policy Analyst, James Murphy. The Report looks at a number of questions including: Who benefits from Early Decision; which colleges utilize Early Decision the most; does ED give students an inherent advantage; What can be done to change affirmative action to make it more just and equitable. Mark and Susan discuss the full range of issues related to affirmative action. This discussion will air in two parts over the next two Thursdays. Each discussion is approximately 32 minutes.     (35:18) Mark and Lisa answer a question from Nina of Massachusetts:  I keep hearing a lot about the "reach for all" schools and the importance of a well balanced college list. I guess I'm struggling with knowing what schools are actually target vs reach vs reach for all. By way of background my son has a strong GPA and ACT scores and seems to check a lot of boxes but I have a hard to believing any school is in his reach just given the amount of applications schools are receiving. Are "reach for all" schools just the ivies or is it schools usually in the Top 20 (on those awful rankings)? Is a 20% acceptance rate still a reach for all? I guess it just seems like everything is a reach for all when it comes to schools (especially those in the northeast!).   (57:32) Mark continues his interview with Milyon Truelove, the  Vice President and Dean of Admissions and Financial Aid at Reed College. We turn our attention to the topic of, “Understanding Reed College” Part 1 of 2   Preview of Part 1   Milyon gives a great overview of the type of student that excels at Reed Milyon describes where Reed is located, what the campus is like and how well students have done in getting advanced degrees Milyon talks about the mission of Reed and how it impacts the student experience Milyon shares something unique about Reed's faculty Milyon talks about Reed's unique position on sports Milyon talks about how being in Portland impacts the student experience Milyon and Stuck discuss what are the distinctive traits of the Reed student Milyon talks about why Reed has it's grading policy that it has Milyon talks about some of the distinctive programs that Reed offers   (01:09:32) Our Recommended Resource is a Forbes article that does a great job at explaining the difference between REPAY (Revised Pay as You Earn) and PAYE (Pay as you Earn) Melissa Ford of the Damsel of Success YouTube channel also has a great video on REPAY that I recommend you check out, but this article has a great explanation of the differences between the two leading Income Driven Repayment Plans. Income Driven repayment plans are usually appropriate for students who have more student loan debt then their salary. Every college counselor needs to be familiar with these differences but every parent should also know their options when it comes to having their student pay student debt. The article is written by of Forbes and it is entitled, PAYE vs REPAYE, which student loan repayment plan is right for you? It is an excellent article we encourage you to read.   https://www.forbes.com/advisor/student-loans/paye-vs-repaye/   We now have set up audio recordings in your own voice for any question you send in for our “question from a listener” segment. In order to send us an audio message, just go to speakpipe.com/YCBK. You can also use this for many other purposes: 1) Send us constructive criticism about how we can improve our podcast 2) Share an encouraging word about something you like about an episode or the podcast in general 3) Share a topic or an article you would like us to address 4) Share a speaker you want us to interview 5) Leave positive feedback for one of our interviewees. We will send your verbal feedback directly to them and I can almost assure you, your positive feedback will make their day. Speakpipe.com/YCBK is our preferred method for you to ask a question but if you are not comfortable with this, we will also receive your questions either on Twitter at @YCBKpodcast using the Messages tab or via email at If you have a question for one of our upcoming interviews with admissions professionals, here is a list of admissions professionals who we will interview in 2023 or 2024 Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* Washington University St Louis-Ronne Turner University of Wisconsin-Andre Phillips University of Illinois-Brian Hodges Purdue University-Mitch Warren University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Oberlin College-Manuel Carballo UW-Madison-Andre Phillips Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Akil Bello of Akilbello.com Bard College Baylor University Butler University California Institute of Technology Colorado School of Mines Creighton University   To sign up to receive Your College-Bound Kid PLUS, our new monthly admissions newsletter, delivered directly to your email once a month, just go to yourcollegeboundkid.com, and you will see the sign up popup.   Check out our new blog. We write timely and insightful articles on college admissions: https://yourcollegeboundkid.com/category/blog/ Follow Mark Stucker on Twitter to get breaking college admission news,  and updates about the podcast before they go live. You can ask questions on Twitter that he will answer them on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ Find the specific episode transcripts for the one you want to search and click the link Find the magnifying glass icon in blue (search feature) and click it Enter whatever word you want to search. I.e. Loans Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps Click the word highlighted in yellow and the player will play the episode from that starting point You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa, just text Mark at 404-664-4340 or email Lisa at lisa@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

Chiropractic Conversations with Dr. Johnny on the Legendary Chiropractor Podcast! This episode we are diving into...How to Plan for Your Loan There is so much to talk about in regards to student loans. A good place to start - what is your plan for loans? Standard 10 year? 15? 20? Income Driven Repayment? REPAYE or PAYE So much to figure out, here are your top three: Figure out what you own Figure out what you need What monthly payments do you need to make?

Michael Foley is a comprehensive financial advisor who runs his practice out of Scottsdale, Arizona, under North Star Resource Group. Michael was trained at Duke University and holds his Certified Financial Planner designation alongside his Certified Student Loan Professional designation. Although Michael serves a diverse group of clients with their financial and student loan needs, with two physician parents, Michael has found a specialty in working with those in the healthcare space. He helps clarify what the heck is going on with PSLF and what this waiver is all about, as well as other student loan repayment options, like PAYE and REPAYE, and refinancing vs. consolidating,    Michael is a registered representative and investment advisor representative of Securian Financial Services. Securities and investment advisory services offered through Securian Financial Services, Inc. Member FINRA/SIPC. North Star Resource Group is independently owned and operated. 6720 N Scottsdale Rd Ste 290, Scottsdale, AZ 85253. “ https://www.medicaleconomics.com/view/pslf-waiver-what-student-loan-borrowers-need-to-know

The Department of Education recently announced some significant temporary changes to the Public Service Loan Forgiveness (PSLF) program called the Limited Waiver Program. Who? Full time service members and federal employees are all eligible, as well as those of you working full time for state governments and most non-profits.What is PSLF? It's a Loan Forgiveness program. If you work for a qualifying employer, have qualifying loans, work full-time, and make 120 on-time monthly loan payments, you can apply and have the remaining balance of your student loans forgiven. Why? Why has there been a change to the program? As it turned out in practice, PSLF was mostly an unfulfilled promise. Many borrows misunderstood the requirements, were misled by loan servicing providers, or never even qualified in the first place. The recently announced changes to PSLF are supposed to help correct some of these problems and fulfill the PSLF promise.What has changed? A key requirement for PSLF is that you must have federal Direct Loans to qualify. The Federal Family Education Loans, Federal Perkins Loans, and Graduate Plus Loans are not a federal Direct Loans and don't qualify. Loan payments under those programs didn't count toward forgiveness. To meet this requirement and qualify most borrowers consolidated those loans into a federal Direct Loan. If you didn't before, there's  good news. Now, any payments you made in the past in these federal student loan programs count toward your 120 payments, BUT only if you consolidate to a federal direct loan by Halloween 2022. Don't know what kind of federal loans you have?  Log into your account on StudentAid.gov https://studentaid.gov/fsa-id/sign-in/landing , and go to the My Aid page StudentAid.gov/aid-summary/, then scroll down to the Loan Breakdown section. If you haven't already, consolidate (DON'T refinance), consolidate into a federal Direct Loan . You've got one year. Details here https://studentaid.gov/app/launchConsolidation.action Once consolidated into a Direct Loan, your previous monthly payments made before October 31 this year, 2021, in those other federal loan programs will count toward PSLF retroactively. Change #2. Past payments under any repayment plan now count toward loan forgiveness. Up to now, you had to enroll in an Income Driven Repayment (IDR) plan like ICR, IBR, PAYE, and REPAYE or the standard 10-year repayment plan. These payments are supposed to be automatically recounted, but  keep an eye on it.Temporary Change #3.  Some borrowers missed out because their payments were off by one or two pennies or late by just a few days. As a fix, the Department will automatically adjust PSLF payment counts for payments made on or before October 31, 2021 for borrowers who have already certified some employment for PSLF. This look back is a temporary benefit. So if you have not yet applied for PSLF forgiveness or certified employment do it by October 31, 2022 to get all those payments counted.Lastly for service members, months spent on active duty will now count toward PSLF, even if your loans are in deferment or forbearance. Federal Student Aid is supposed to develop and implement a process to address this. .For more information see https://www.ed.gov/news/press-releases/fact-sheet-public-service-loan-forgiveness-pslf-program-overhaulFor tons of helpful information and PSLF application go to the official website at https://studentaid.gov/pslf/

Adjusted Gross Income, or AGI, is the all-important line item on your tax return. According to the IRS, AGI represents your total income minus certain adjustments given by Uncle Sam. But we don't have to get too technical at this point; basically what you need to know is you can find your AGI on your most recent tax return. plays a huge role in the calculation of your monthly payment for federal student loans if you are in an income-driven repayment plan (PAYE, REPAYE, IBR, ICR). AGI isn't the only factor in the calculation of your monthly payment, but it certainly is a big one.

We examine the pros and cons of REPAYE, including its interest subsidy, to see if it might be a good fit for your student loan situation.

We examine the pros and cons of REPAYE, including its interest subsidy, to see if it might be a good fit for your student loan situation. The post REPAYE | Understanding Revised Pay As You Earn And Its Subsidy appeared first on The College Investor.

Have the chances of student loan debt cancellation increased in recent weeks? Yes. But it isn’t that simple. Join me as I discuss the possibility of student loan debt cancellation, what it could mean for your repayment strategy, and why I think the looming legal battle over cancellation would create chaos.   In today’s episode, you'll find out: Listener question: How your income impacts your IDR plan when filing taxes separately if you’re married Listener question: Should you pay extra on your loan if you’re on the REPAYE plan? My experience looking for housing in today’s market Why student loan refinancing interest rates are still so low Why there’s a high probability of student loan debt cancellation  The reason I think student loan debt cancellation won’t actually happen How student loan cancellation would impact your repayment strategy The legal review going on right now about whether the president has the authority to cancel student loan debt Whether $10k or $50k will be cancelled and how it might happen Why I think student loan debt cancellation is a distraction from the real problem   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Looking for a way to make extra bucks? Or maybe you’d just like to hang on to a few more of your hard earned dollars. Either way, the digital age is providing new ways to improve your cash flow. If you have an Internet connection and a computer or smart phone, you can make or save money online; sometimes with little effort on your part. Today on MoneyWise Rob West and Steve Moore tell us how today. Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following: -My wife and I are both in our 80s, and we aren’t able to take advantage of our timeshare anymore. No one in our family wants it. Is there an easy way to get rid of it? -My daughter just finished her master’s degree with $37,000 in school loans. Can you help me understand PAYE and REPAYE government loans? -My credit card debt is at 17% interest. I’m paying $100 per month and not making any progress. How can I get this credit card paid off? -My husband and I are thinking of declaring bankruptcy. Is that against God’s desire for us? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

On this episode of 20/20 Money! My guest on today’s show is Rob Bertman. Rob is one of the resident experts at Student Loan Planner, a business that was founded by Travis Hornsby that has now grown to a number of consultants that have collectively provided more than 5,000 consults on over $1.2B of student loan debt. Rob joins the show today to help optometrists answer one of the most common questions that we get from younger ODs: how should I start thinking about paying back my student loans? In this wide-ranging conversation, Rob shares the basic formula for determining whether it makes sense to stay with the federal loan system on an IDR (income driven repayment plan) or whether to refinance with a private lender, the two saving graces of federal loan repayment plans, and the differences between IBR, PAYE, and REPAYE repayment plans. We actually use a young OD making $120k a year with plans of buying into a practice as a hypothetical case study when evaluating options, which I thought brought a lot of context around the concept of student loan repayment options. We wrap up the conversation by explaining how someone knows what kind of loans they have and how to think about repayment strategies given the recent extension of COVID-19 relief for federal student loan borrowers. Rob provided a wealth of information and his contact information is below in the show notes, which will include links to my past conversation with Travis as well as how you can get direct access to Rob and the team at Student Loan Planner. As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, you can also set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, manage cash flow, and make proactive money decisions or check out any number of additional free resources like our eBooks and on-demand webinars. And with that introduction, I hope you enjoy my conversation with Rob Bertman, CFA, CFP®. Why Refinancing During Residency is a Bad Idea Contact Rob Adam’s conversation with Travis Hornsby (episode #12 of 20/20 Money) Follow us on Instagram: https://www.instagram.com/2020moneypod/  ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Play Stitcher  ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!

If you're paying off federal student loans, it's crucial you know the various repayment plans. Being in the wrong repayment plan can cost you thousands of dollars. Although payment plans have changed over time, the current options represent a great opportunity for borrowers to save money or modify payments to fit their goals, budget, and lifestyle. Watch this video to learn about the various federal student loan repayment plans including Standard, Extended, Graduated, IBR, ICR, Income-Sensitive, PAYE, and REPAYE.

A big focus of our podcast is maximizing loan forgiveness when you owe a lot more than you earn in student loans. But what if your income grew to a point where it would cost more if you stuck with forgiveness? Should you abandon student loan forgiveness? Join me as I discuss all you need to consider when making the decision to pay off your loan and abandon forgiveness. In today’s episode, you'll find out: How much money you need to make to consider abandoning loan forgiveness Why you should not abandon PSLF if you have accumulated qualifying credit towards forgiveness Why staying on forgiveness might be the best decision even when you can pay off the loan The circumstances that might force you to abandon forgiveness and pay off your loan The revised debt to income ratio for when it makes sense to pay off your loan How to know when forgiveness is no longer a good option Why you shouldn’t take a job just because it offers student loan forgiveness What would be the effect of a new PAYE plan with no tax bomb Why you might be unlikely to get student loan forgiveness Why your savings rate is the most important thing when thinking about abandoning forgiveness The reason why you should take the 20-year REPAYE plan if you go for repayment Why Biden’s student debt cancellation promise might not happen   Full show notes at: http://studentloanplanner.com/116   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Should you aggressively pay off your federal student loans, or consider Public Service Loan Forgiveness (PSLF)? In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about different financial scenarios, opportunities, and strategies to avoid leaving money on the table when it comes to federal student loans. Topics Discussed: Aggressive Payoff: Low payment in-training (under IBR or PAYE) + high payment in-practice = no PSLF value IBR/PAYE payment cap can lock in PSLF value even for physicians with ultra high in-practice income or with very low debt balances Verify current and future employer’s PSLF qualification status Normal PAYE Payments + PSLF: 120 PAYE payments under the payment ceiling = PSLF Value PSLF value originates from making qualified payments below the payment ceiling (less is more) Income driven repayment always lags actual return because it’s based on your most recent tax return AGI Payments Cap In-Practice + PSLF: PSLF value exists even when you hit the payment cap in-practice COVID Forbearance counts toward PSLF and adds huge value Strategies to reduce AGI and increase PSLF value RePAYE + Exceeding PAYE/IBR Payment Cap: Beware no payment cap In some cases, you can switch from RePAYE to IBR or PAYE (income must be under a certain threshold) FFEL and Perkins Loans do NOT qualify for PSLF (however, there are steps to work around this) Very payments by submitting employment certification (and always double check the math) Links: Public Service Loan Forgiveness (PSLF) Federal Student Aid: Income-Driven Repayment Plans IRS - Tax Exempt Organization Search Finance For Physicians Wrenne Financial Planning

Marcus Hwang explores student loan management with Rob Bertman, a senior consultant for Student Loan Planner. SLP consults with learners who have six-figure student debts and helps individualize payment plans. Knowing how to manage your student loans is crucial to minimize the amount of total capital and interest you pay over your career. What should I do as I transition from dental school to residency? What is the difference between PAYE versus REPAYE? Do OMS qualify for Public Service Loan Forgiveness? What should I do as I transition from dental school to residency? Articles referenced in this episode: Oral Surgeon: Is This Career Path Worth the Student Debt?  To contact Rob Bertman, find him on Student Loan Planner. For questions, comments, or suggestions, please email letstalkoralsurgery@gmail.com Follow us on Instagram: https://www.instagram.com/letstalkoralsurgery/ Follow us on Facebook: https://www.facebook.com/letstalkoralsurgery DISCLAIMER All views expressed on this show and the following episodes belong to the host or the guests and do not represent the opinions of any entity. © 2020 Marcus Hwang All Rights Reserved

For all the show notes, resources, & loads of free resources, check out more podcasts at www.DoctorFreedomPodcast.com   Have you struggled with trying to decide how to tackle your mountain of student debt? Have you felt like pulling your hair and throwing your hands up in frustration over all of these options? PSLF, IBR, PAYE, ICR, & REPAYE. All these acronyms floating around in your brain and you aren't sure which one to choose! Well my friend, no worries we have your back covered today! Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances. This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person's shoes and experience their lives. Our next guest was kind enough to allow me to guest post on his blog for the second time and now he is generous enough to share with us his journey and his wisdom. I wanted to invite him back because he is a wealth of knowledge! As a matter of fact, he helped my wife and I save a few hundred bucks on our phone upgrade. He is currently a radiology resident at Florida Hospital Orlando. Throughout his medical education, he's noticed a surprising lack of personal finance knowledge among young medical professionals, many of whom are extremely bright and talented. Hence, he created a blog, FutureProofMD.com Currently, he's been focusing on topics relevant to a recent medical graduate such as loan repayment and financial organization. I can't wait to get an update from him! Please help me welcome Dr. Bo Liu   In this podcast, you will discover... Why he switched from IBR to REPAYE His inspiration to start a blog Learn how you can get the government to subsidize the interest on your loans Why you need to understand the difference between subsidized & unsubsidized loans Why paying zero is a good thing (Hint: It leads to a lot more of something good) Discover the burden of capitalized interest & why REPAYE wouldn't be a good fit for some doctors

Each state is working to certify the official election results, but we have an apparent winner in President-Elect Joe Biden. Given the history of Obama-Biden student loan policies, it’s likely that we’ll see some progressive changes that could affect the future of student loans. Here are seven things that a Biden administration may try to achieve, and my thoughts on how that could affect the treatment of student loan debt going forward. In today’s episode, you'll find out: What a Biden administration could mean for the future student loans Why Biden might make applying for bankruptcy for student loans easier, and why it doesn’t matter What forgiveness might look like under Biden’s plan for borrowers What a compromised forgiveness expansion might look like Why reducing IDR payments could be bad for everybody How the REPAYE program was born and what that could mean for student loan reform How increasing Pell Grants could be a big win for working class or lower-income families Why eliminating the tax bomb likely won’t happen in the next 4 years How making college free would cause the cost of tuition to skyrocket Why I think Biden’s team grossly underestimated the cost of their student loan plan Will Trump extend the student loan interest and payment freeze When you should refinance your federal loans Whether you should refinance even if your interest is 0%   Full show notes at: http://studentloanplanner.com/103   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Caitlynn in Omaha, Nebraska: Can I switch between the PAYE and REPAYE plans to minimize interest accruing for non-PSLF forgiveness?  Mentioned on the Show: YFP Planning The Pharmacist's Guide to Conquering Student Loans: How to Confidently Choose the Best Strategy that Saves You the Most Money by Tim Church, PharmD Send in your questions here or to info@yourfinancialpharmacist.com Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

This podcast discusses buying a house with student loan debt. If you have student loans and are planning to buy a house, in the process, or have been denied a mortgage then this podcast is for you.  The dream of many, as well as the most common way for Americans to build wealth, is buying a home. That is becoming more and more of a dream for those graduating with massive student loan debt.  In this podcast I discuss: Why Its Hard To Get Help & Where To Get It Buying A House With Student Loan Debt: The Major Problem Not All Student Loan Repayment Plans Are Treated Equal Buying A House When Using A Pay Off Strategy For Your Student Loans Buying A House When Using A Loan Forgiveness Strategy For Your Student Loans (IBR, PAYE, REPAYE, PSLF) If you would like to read the article you may by visiting https://www.fitbux.com/articles/buying-house-with-student-loans/ If you need student loan help check out our student loan planners: https://www.fitbux.com/student-loan-planner/

The question often comes up about sending money to or receiving money from India. It turns out international gifts of money are not that complicated but there are a couple of issues to pay attention to like gift taxes, which is directly connected to estate taxes, and expatriation issues. We talk in more specifics about making international monetary gifts in this episode as well as how to invest large sums of money gifted to you. This situation won't apply to everyone I know so we answer many listener questions in this episode as well. We address questions on captive insurance, asset protection, using tax deferred 401k vs a Roth 401k, several questions on 529 accounts, buying disability insurance when also growing your family, non qualified compensation plans, backdoor Roth IRAs with an inherited traditional IRA, and a couple questions about REPAYE and being married. See the show notes and full transcription at https://www.whitecoatinvestor.com/classic-blog/ Sponsor This podcast is sponsored by ERE Healthcare Real Estate Advisors. http://ereadv.com/ . Collin Hart, CEO of ERE, has been a guest on The White Coat Investor show, and specializes in representing leading physician groups, and structuring sale and leaseback transactions on their clinical and surgical center real estate. ERE is a real estate brokerage but takes an advisory approach, expertly positioning their clients for a real estate sale as part of succession planning surrounding their practice real estate investment. If you own your practice or ASC real estate and are interested in maximizing its value, or are considering partnering with private equity, retaining expert guidance on lease structuring may be a prudent financial move. You can learn more about ERE on their website http://ereadv.com/ or you can reach Collin directly at collin.hart@ereadv.com or call him at (702) 839-8737

There are many reasons you should start a business. Business owners tend to make more money than associates. A business owner could pay less taxes than an associate, too. Overhead is often 45% to 60% depending on the practice, which means profit would be 40% to 55% instead of 28% to 33% as an associate. I spell out all the benefits of owning a business. In today’s episode, you’ll find out: Why you should start a business now even if you have student loans What makes the risk of being an entrepreneur lower than you think  Why a dentist probably shouldn’t open a restaurant business Legal write-offs to save 50% or more in taxes Why adding your spouse to your payroll can help the business How self-funded pension plans can fuel your retirement The advantage of a fiduciary financial planner for your business Why private practice is a better choice than PSLF How your business can help your REPAYE subsidy For more information, visit the show notes at https://www.studentloanplanner.com/why-start-business/

Most people don’t seem to like their student loan servicer — and for good reason. Here are the 10 most common student loan servicer mess-ups and why they happen. In today’s episode, you'll find out: The 10 most common student loan servicer mess-ups Why servicers urge switching to Revised Pay As You Earn (REPAYE) How switching to REPAYE can hurt some borrowers Why inaccurate payment counts for loan forgiveness happen How to get your payment count fixed Why inaccurately reporting your spouse’s income is a bad idea How to find out the repayment plan you’re actually on Why you shouldn’t wait on Public Service Loan Forgiveness (PSLF) Why you should use your tax returns to report your income How “paid ahead” status happens Why servicers will sometimes put you in forbearance or deferment Why servicers will avoid answering questions Why servicers don't always tell you about your loan options How did loan servicing get this bad? Congress’ role in bad student loan servicing Why the government won’t spend on better loan servicing What incentives might improve student loan servicing Full show notes at: http://studentloanplanner.com/36

Doug and Jessica have an aggressive goal for paying off their student loans within 5 years but they’re currently in the REPAYE program. Kayse and I discuss how avoiding PSLF might not be the best decision, especially when their payments qualify towards forgiveness.  Jump start your financial residency with these free resources!

I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting to compare and contrast them. The first one was from a soon to be resident who wanted to know if he should ship his car across the country because he wasn't sure it would survive the cross country drive. It is worth $2000 but needs some repairs to survive residency. There comes a time when you have to admit that a car is "totaled." If it costs more to repair than it is worth, it is totaled. It is time to get rid of it, getting whatever you can out of it. The second question came from someone who is expecting a baby and wants a car with a third row. But he has a lease on a car until February and wanted to know if he should buy the new car anyway and just pay out the lease. Stop leasing cars first off. If you don't have the cash to buy the car, buy a less expensive car. If you don't have the cash to buy a less expensive car, and you have to borrow for it, it ought to be a $5,000 car or less. We get more into the details of these car questions in this episode and hopefully help you make that decision on when to fix the old car or buy a new one. See the show notes for more information at https://www.whitecoatinvestor.com/ This podcast is sponsored by Sofi https://www.whitecoatinvestor.com/Sofi a long time White Coat Investor partner. Hundreds of white coat investors have refinanced with SoFi over the years. If you apply via this link you'll get paid $300. SoFi also lends to medical and dental residents with $100 monthly payments, so it is a great option if you're not getting any sort of a REPAYE subsidy. Sofi has a number of other products as well. They have a personal loan product https://www.whitecoatinvestor.com/sofiloan . They have a mortgage product. It's not technically a doctor mortgage, but you can avoid PMI with less than 20 percent down, with it. There is also SoFi Money https://www.whitecoatinvestor.com/sofimoney, which is basically a high yield checking account that I've been happy with. Check out these SoFi products today, especially for student loan refinancing, which is what most of white coat investors listeners and readers have used them for. Knocking a couple of percentage points off your interest rate can save you thousands and help you get out of debt months sooner.

Like a lot of people, Travis didn't always have money growing up.  In fact, there were times when there just wasn't enough to go around.  Even so, Travis took in the many lessons and stories his grandfather told him about the hardships his generation endured during the Great Depression.  It was through his grandfather's vivid story-telling that Travis gleaned the importance of saving and of frugality.  College and Career After college, Travis entered corporate America as a bond trader.  Because he followed the wisdom of his grandfather - he didn't let lifestyle creep take over but saved religiously and lived well below his means.  He experienced tremendous success as a bond trader. The problem was - he was not fulfilled.  He grappled with the thought, before coming to the conclusion that the corporate world was not for him.  Deeply unsatisfied with his career - he took two years off, to his parents chagrin, and travelled Europe.  But this wasn't a time of purposeless wandering for Travis; instead, he used this time to really think of the future he wanted for himself and getting rid of old thought patterns and beliefs that were holding him back.  Finding His Calling Sometimes we find our calling by accident.  That is what happened to Travis.  He was helping his wife figure out the best possible scenarios to pay off her student loans and put a plan in place for her.  Soon, her friends wanted to help too, and the seed was planted.  Student Loan Planner was born. To date, he’s consulted on over $300 million in student debt personally, more than anyone else in the country. He is a Chartered Financial Analyst and brings his background as a former bond trader trading billions of dollars with him. Where To Get Help For Your Student Loans If you think you could benefit from looking at your options. Travis has provided the following resources:  If you're curious about refinancing student loans    Or if you need a plan for handling your student debt   Here's details on consolidation:   Consolidate your loans by logging into studentloans.gov. Click on the "consolidate my loans" section. You should see a long list of your loans. Check all the ones you want to include. You can see the titles of each individual loan by hovering over the question mark box with your mouse and the name should pop up. Any loans that don't say "Direct" should be consolidated. FFEL loans are the most commonly consolidated.   You'll also be able to send your new consolidation loan to the servicer of your choice. Check what payment plan you want (REPAYE), and the whole process should take about 2 months at most for everything to transition over.    You can call the Dept of Ed's Student Loan Support Center at 18005577394 if you have any questions or want help doing the consolidation.      

Travis Hornsby is the founder of StudentLoanPlanner - a website and community where thousands of people are saving millions of dollars in student loan interest payments. Travis’s passion for this started when his physician wife was facing massive amounts of student loan debt and he started researching the most efficient ways to pay them off and how to take advantage of the programs the government has available (but forgets to tell us about). Since starting Student Loan Planner in 2016, Travis has met with over 1,000 to help them pay off over $300 million in student loan debt and save over $60 million in interest payments. I haven’t met anyone who knows more about the ins and out of student loans and how to ensure you’re paying them off in the most efficient way possible. In fact, there were a few things Travis mentions in our interview that I had never realized was even a possibility. In the interview, Travis and I talk about: Subsidized vs unsubsidized loans Stafford loans PLUS loans Why student loan forgiveness may be the smartest thing you can do How Capitalization of your student loan works against you Federal vs Private loans The PAYE program The REPAYE program AND much more… All the show notes, links and anything Travis and I mentioned can be found at https://www.moneypeach.com/session113

Minute 00-[1:00] All of these acronyms are used to describe Income-Based Repayment programs for federal student loans. And the one thing they all have in common is that they stretch out loan repayments for decades. Minute 2-3: I am a lawyer, but I am not providing legal advice here just general information about student loans. This podcast isn't and won't be affiliated with any lenders. Minute 3-4: This first Season is devoted to providing information to people who are contemplating taking out student loans. I think people are incredibly nonchalant about what it means to be burdened by a significant amount of debt. The acronyms and names for repayment programs and plans have created confusion and led people to believe that a great deal of their debt will be forgiven by one mechanism or another. Minute 4-5: Millions of people are burdened by student loan debt that they are finding difficult if not impossible to repay According to a https://www.wsj.com/articles/student-debt-payback-far-worse-than-believed-1484777880 (January 2017 Wall Street Journal article), as many as half of all borrowers of federal student loans have not made a payment in seven years. Perhaps you are thinking this is because they are the beneficiaries of the loan payment programs having all those interesting initials. Minute 5: At least half of all people owing student loans aren’t repaying the loans. Minute [5:30]-[6:30]: As is discussed in my forthcoming book, Shun Student Loans, there are only 4 ways of getting rid of loans: (i) paying them in accordance with their terms, which typically means paying them back over 10 years; have a portion of the loan forgiven by complying with complex and ever-changing loan forgiveness rules and regulations: having a portion of the loans forgiving after paying a fixed percentage of one's income for 20-25 years; and bankruptcy. Minute [6:30]-9: To begin, don't be misled by all the acronyms, PAYE, REPAYE, IBR, IDR, they all serve to hide some degree of bad news, perhaps the most egregious, hidden bad news is that you have absolutely no way of knowing that any or all of these programs will be available to you for handling your debt. The government giveth and the government taketh away. You have zero guarantees that any or all of these programs will be available to you to deal with your debt. Zero. You might, but the situation is that you'll definitely owe the money and some repayment plan might or might not be available to provide you a modest assistance (or none whatsoever) to deal with your debt. Minute 9-12: Your federal student loan servicer needs to cooperate with you in order for you to enroll. It is in their interest to not cooperate with you, but to cause you to miss payments and to go into default. This creates a huge income opportunity for them as they can add fixed fees and an increased interest rate. How much could these fees be? As noted in the case Bible v. United Student Aid Fund, Inc., 799 F.3d 633, 321 Ed.Law Rep. 712 (7th Cir. 2015) (further discussed in the https://harvardlawreview.org/2016/06/bible-v-united-student-aid-funds-inc/ (Harvard Law Review)), one lender charged a defaulting borrower more than $4500 in fees prior to allowing the borrower to enroll in an IBR when the borrower's original loan was only $18,000 (sic; in the episode, I say the original loan amount was only $15,000, but it was actually $18,000. Still, she was charged more than $4,500 in fees prior to being enrolled in an IBR. Loan servicers are not your friends. Minute 12-17 High Risks Loans: (i) The programs may go away. You have no guarantee that the program will be available to you. The programs are only available for federal, direct student loans. (ii) You won’t be in control of whether you qualify for any of the programs. The loan servicer is in control. (iii) You cannot appreciate what it means to owe debt for 20-30 years. (iv) Finally, if a debt that is

Quick overview of Federal Loan repayment plans based on income: IDR, IBR, ICR, PAYE, New IBR, and REPAYE. Plus, I sing! The post Introduction to Income Repayment Plans appeared first on The Student Loan Lawyer - Attorney Joshua Cohen.

In this episode Dr. Peyray, the Holeshot, and myself divulge the current state of our loan affairs. When you graduate its super easy to get bogged down with student loans. I think it can be one of the biggest hindrances to people's early success. There is such a balance of living with the debt and having a strategy to pay it off.  We look at the different government options such as IBR, REPAYE, and others. We talk about refinancing and some of the programs that do this like SoFi and DRB. However, we spend most of the time talking about whether it's a smart idea to aggressively pay your loans down or not. The most discussed resource in this episode is something we mention very often. Best thing you can do is check out the White Coat Investor! At the end of the day we want to encourage our listeners to think about retirement vs. paying loans down early. Make sure you educate yourself on all the options. If you are one of those people who just wants to pay your loans down as soon as possible then make sure you have a plan on how your going to save after and be able to give a good reason why this is your strategy! As always thanks for listening, subscribe, share with your friends, and follow us on instagram @millennialdentist!

Top tips to know about your student loan debt Career Compensation Should Equal Borrowing Determination Yes, you need to REPAYE (repayment program) your student loans  Home Ownership  Loan Forgiveness- Is it really forgiven? Upcoming Events- IAM Brunch 6/5  iamnetworking.splashthat.com Community Solutions Podcast 6/18 www.communitysolutionscdc.org/programs-a…vents.html SAVE THE DATE: BIRTHDAY BRANDING BOOK LAUNCH- 9/11/16 website: thestudentloandoctorllc.com  / Email: info@thestudentloandoctorllc.com

What do you do when you're 3 years into income-based repayment and realize there might be a better way to pay off your student loan debts? Most people would jump at it, but that wouldn't be the best move. Especially when it comes to Revised Pay-As-You-Earn, the federal government's newest [...] The post SLS055: Is REPAYE a Better Fit for Public Service Loan Forgiveness? appeared first on Student Loan Podcast.