Eliminate medical school debt
Residency Program Insider, April 15, 2016
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
A majority of residents graduate medical school with some kind of debt, which can burden them for years. James Dahle, MD, FACEP, a practicing physician who blogs about physician financial literacy, offered the following tips to wipe out medical school debt quickly:
• Make small loan payments during residency rather than putting them off through forbearance. Consider an income-driven repayment plan to keep payments low and manageable.
• Research the Public Service Loan Forgiveness program. Physicians who have federal student loans and work at eligible nonprofit organizations or provide a public service at for-profit organizations may be able to use the program to pay off their debts.
• Investigate other options, such as loan repayment through employers or debt relief offered for military service.
Source: Forbes
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Related Products
-
Residency Program Alert
Residency program managers in all specialties are challenged to effectively manage their programs as accrediting agencies...
-
Residency Program Insider
Residency Program Connection is devoted to bringing residency directors and coordinators expert advice, best practice...
Most Popular
- Articles
-
- Don't forget the three checks in medication administration
- Note similarities and differences between HCPCS, CPT® codes
- What does case-mix index mean to you?
- Practice the six rights of medication administration
- Q&A: Primary, principal, and secondary diagnoses
- Nursing responsibilities for managing pain
- Complications from immobility by body system
- Prevent dehydration with nursing interventions
- OB services: Coding inside and outside of the package
- Coding Clinic reiterates guidelines for provider documentation
- E-mailed
-
- Capturing start and stop times for infusions
- Will the JCAHO consider my facility's use of side rails a restraint?
- Understand the spine to code back procedures correctly
- Safe rooms for suicidal patients
- Q/A: Billing telemetry daily monitoring
- Coding Clinic reiterates guidelines for provider documentation
- Catch up on what's new with injections and infusions
- Searched
