I need help consolidating my student loans Free freaky chat rooms
No matter how low your interest rate, these things aren’t going away unless you throw a ton of money at them.
Control your lifestyle so you can get this monkey off your back within 2-5 years of graduation. Unless you are in a terrible loan situation (think dentist making 0K with 0K in loans), there’s really little excuse for a doc to have student loans for longer than 5 years. Just like the grass feels better when your house is paid off and your car sounds better when it is paid off, you’ll enjoy your job more when your student loans are paid off.
If you’re now an attending (or soon will be) you can start at the bottom left, with residency graduation.
Step 1 is to consolidate as much of your debt as possible into a federal loan program eligible for Re PAYE and PSLF.
Almost all residents will want to go into Re PAYE with their federal loans.
If you are eligible for PSLF (meaning you are employed by a non-profit throughout and after your training) you’ll want to take advantage of that with as much of your debt as possible.
Take the best rate you’re offered as terms are generally very similar (read the fine print of course.) Of course, you need to remember that you don’t borrow your way out of debt.Even if you expect PSLF, live like a resident anyway until you save up enough money on the side that you can pay off the debt in case PSLF goes away (or is capped) and you aren’t grandfathered in.The student loan refinancing landscape is constantly changing. There are now 20 or more total lenders in this space.If you do decide to refinance some or all of your loans, I would appreciate it if you would use the links on the site.It is a significant source of revenue for us and I have negotiated a special deal with many of the companies for you that you cannot get by going to them directly.