So in this episode, we’re attempting to dissect as much information as possible on what's happening and what you should be considering.
Topics Discussed
- Recent legal changes affecting the SAVE plan and how they impact federal student loan interest rates.
- Potential financial implications for borrowers previously benefiting from the 0% interest under the SAVE plan.
- Strategies for managing student loan repayment, especially if you're pursuing Public Service Loan Forgiveness (PSLF) or Income-Driven Repayment (IDR) options.
- How to utilize the loan simulator to find the best repayment plan for your financial goals.
- Insights into the consequences of interest capitalization and how it affects loan balances.
- The implications of the new RAP plan set to replace existing repayment options by 2026.
- Strategies for handling loans, including the effects of consolidating loans or taking out new ones after July 2026.
- Complexities of student loan repayment in an evolving legal and financial landscape.
Resources Mentioned:
Tags:
Student Loans, Public Service, College Education, Department of Education, SAVE Plan,Financial Game Plan, Interest Capitalization, Loan Simulator, Repayment Options, ER Doc, Residency, Parent PLUS Loan, ER Professionals, Financial Guidance, emergency medicine, ER doc, ER doctor
