Residency

Eliminate medical school debt

Residency Program Insider, April 15, 2016

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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



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