The Federal Student Loan Relief Program Is Live

October 18, 2022October 18, 2022 admin 2 Comments debt, medical school debt, personal finance, refinance student loans, residency

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

Average Amount of Debt for Graduating Doctors

July 4, 2016August 19, 2022 admin 7 Comments debt, medical school debt

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

personal finance

Budget of a Medical Resident

June 29, 2016July 4, 2016 admin 6 Comments budget in residency, finishing residency, how to budget, medical school debt, residency debt payments

Looking back at finances during residency:

This post has been cross posted from Student Doctor Forum, the site I originally posted this budget. I’ve been getting more and more into personal finance since I am a soon to be attending. Since the new interns are going to be starting soon, next week, I figured I would post my budget and update it over time after I become an attending in a month or two as I will not be doing fellowship.… Read the rest