Earnest Has Been Acquired By Navient for $155 Million

Navient, the Sallie Mae spin-off created in 2014, this week made public that they bought student loan refinancing company, (Earnest) for 155 million dollars. This is a major step for Navient, which previously has focused on servicing and collecting federal or private student loans. The acquisition now allows them to start originating loans in addition to servicing them. The market seem to of had a lukewarm reaction by evidence of its stock, NAVI, dropping 14% the day this was announced.… Read the rest

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Steps To Take If You Have A Lot Of Student Debt

Student debt for doctors continues to increase year over year, often above inflation (Source: AAMC). Hearing cases where doctors graduate with $400,000 in debt 10 years ago was almost unheard of. Now, it unfortunately seems to be increasingly common with some dual physician couples coming close to a million dollars in student debt. The number may seem overwhelming but if you follow the steps below, its possible to eventually become debt free while still enjoying your career.… Read the rest

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Refinance Student Loans With One of These Banks


I started residency with $110,000 in student debt at 6.8%. Since I knew that I wanted to get out of debt as quickly as possible and was unlikely to work for a hospital in my area that qualified for public service student loan forgiveness, I decided to refinance my loans. I refinanced my loans at an interest rate of 3.3% to save $11,500 over 3 years.… Read the rest

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