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The Federal Student Loan Relief Program Is Live

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The Department of Education on 10/17/2022 launched the application for the federal student loan forgiveness program. Borrowers who qualify may see relief in as soon as 6 weeks. While most attendings that have been practicing a while will not qualify, this will be important for residents, fellows, and APPs.

What is Federal Student Loan Debt Relief?

A program that provides eligible borrowers with full or partial discharge of federal loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients

What Does It Take To Qualify For Federal Student Loan Relief?

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Debt Practicing physician 

New Issue With Commercial Loan For My Medical Practice

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Those who have been following along with this blog may know that I have purchased a condo within a new build to move my practice into. We have now been in this office for over 6 months and starting to fill it up with patients. Things seem to be going very well. However, I have run into a bit of a hiccup with my commercial loan for the space.… Read the rest

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personal finance Practicing physician 

Is Entrepreneurship Still Possible For New Doctors

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The word entrepreneur in the past decade has seemed to take on a very different meaning, especially for new doctors. Two to three decades ago, being a doctor who was an entrepreneur often meant having a practice that was physician owned with a focus on growing this practice. Fast forward to today and many new physicians think of medicine and entrepreneurship as something that may no longer be possible for them.  … Read the rest

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Debt personal finance Practicing physician 

Seven Months Post Residency I Finally Reached A Positive Net Worth

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After seven years, I’ve finally done it. I’m back to having a positive net worth. The last time I had a positive net worth was in the year prior to medical school. I have to say it feels good to climb out of the hole and start to see some light at the end of the tunnel. Here is a synopsis of my past net worth and how I got to where I am today.… Read the rest

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Debt 

Average Amount of Debt for Graduating Doctors

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One of the most exciting times in a young doctors life is getting that acceptance letter from a medical school. However, soon after comes the worry from the new medical student and even possibly their parents about how they will pay for their medical education.

MD on Credit

I still recall my days of filling out the Free Application for Federal Student Aid (FAFSA) and applying for student aid.… Read the rest

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