Why Federal Student Loans Are A Great Bet For Many Physicians With Travis Hornsby

What should physicians do with their federal student loans? How does PSLF work? When should you consider private refinance?

In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Travis Hornsby, founder of Student Loan Planner—a website, blog, podcast and planning service focused on everything related to student loans.

Topics Discussed:

Basics of Public Service Loan Forgiveness (PSLF):
- How PSLF works
- Key strategies to impact bottom line
- Student loan mistakes to avoid
- Future of student loans
COVID Forbearance and Consolidation: Don’t lose PSLF-qualifying payments due to bad advice
Student Loan Loopholes: Breadwinner, Biden, Double Debt, and Marriage
PSLF Snowball Effect: Spread knowledge to stop skepticism
PSLF Process: Start by completing certification form to certify income and credit
Repayment Plans:
- Income-Driven Repayment (IDR)
- Pay As You Earn (PAYE)
- Revised Pay As You Earn (RePAYE)
Presidents and Predictions: More generous government funded student loans
Student Loans Stipend: Not-for-profit hospitals’ recruitment efforts hurt, not help
Forgiveness: Save for and invest in other goals to live without debt regret