Understanding medical school student debt Archives | Page 8 of 13

Biden to Extend Student Loan Moratorium through August

in Federal Student Loan Forgiveness, PSLF, student loans, Understanding medical school student debt

If you were dreading getting ready to resume your student loan payments in May, you have more of a reprieve. You can use this time, however, to make plans for making payments in the fall. If you’re not sure what to do, we have some advice to prepare yourself. If you’ve already gone through the effort to get ready to resume payments, you’re in a good place for when they do in September. Enjoy the extra cash you were expecting to pay, and consider saving it towards something nice for yourself!

New Possibilities Ahead for Student Loan Forgiveness

in Federal Student Loan Forgiveness, PSLF, student loans, Understanding medical school student debt

In the meantime, your best bet is to take advantage of existing programs such as the Limited Waiver Opportunity for PSLF. If you have any questions about it, we’re always here to help you with your specific needs!

Who Ya Gonna Call? Lenders vs. Servicers

in Financial Planning, student loans, Understanding medical school student debt

To make things easy, think of it like this: use the US Department of Education (also known as FSA) via studentaid.gov for news about student loans and to review your loan data. If you have questions about repayment or loan forgiveness, talk to your servicer—which, if you’re a PSLF candidate, is FedLoan Servicing!

Making PSLF History for Physicians: The Limited Waiver Opportunity

in Financial Planning, student loans, Understanding medical school student debt

Under the LWO, those in full-time non-profit work can qualify for PSLF regardless of the payment plan they have been on, and most types of federal loans now qualify. Physician borrowers just need to take steps to convert their old loans into a Direct Consolidation Loan and submit a PSLF form to their employer before the period ends in October. Physicians with fewer than 120 payments have an extra step. You will need to get on an income-driven repayment (IDR) plan for your remaining payments to qualify.

What’s better? PSLF or mo’ money?

in Financial Planning, student loans, Understanding medical school student debt

If you’re recently married, there’s a good chance that your previous tax strategy will need to be adjusted now that you’re married.

First comes love, then comes marriage, then comes … higher student loan payments?

in Financial Planning, student loans, Understanding medical school student debt

If you’re recently married, there’s a good chance that your previous tax strategy will need to be adjusted now that you’re married.

YIKES! Federal Student Loan repayment to coincide with this year’s tax deadline. Are you ready?

in Financial Planning, student loans, Understanding medical school student debt

The coinciding of these two major deadlines for the fiscal year may leave you feeling overwhelmed. That’s where Navigate comes in. We can help you figure out your IDR Recertification strategy. With the extension, your payment will be the same as it was prior to the COVID forbearance. This will last until December and perhaps into 2023, depending on your IDR recertification date.

PSLF and the Power of Persistence

in Financial Planning, student loans, Understanding medical school student debt

As most of us were rushing trying to purchase the last of our holiday gifts, the federal government came up with a last-minute present of its own: The moratorium on federal student loan repayment, initially set to expire on January 31 of 2022, was extended to April 30.

PSLF Pursuers Receive New Servicer: MOHELA

in Financial Planning, student loans, Understanding medical school student debt

As most of us were rushing trying to purchase the last of our holiday gifts, the federal government came up with a last-minute present of its own: The moratorium on federal student loan repayment, initially set to expire on January 31 of 2022, was extended to April 30.

Turning over a New Leaf: Taking a New Approach to Your Student Loans

in Financial Planning, student loans, Understanding medical school student debt

As most of us were rushing trying to purchase the last of our holiday gifts, the federal government came up with a last-minute present of its own: The moratorium on federal student loan repayment, initially set to expire on January 31 of 2022, was extended to April 30.