People sometimes assume that student loans are easy to pay back on a doctor’s salary, … Read more
Former co-host and now PM&R Doctor Cole Cheney returns for a discussion of what he’s … Read more
If you are having difficulty making your federal student loan payments, the worst thing you can do is ignore the problem. Help is available. For many borrowers, payments may be reduced under one of the Income Driven Repayment Plans (IDR Plans) offered by the Department of Education. The lower your income, the lower your payments will be.
While student loans are a necessary financial tool for most of today’s future doctors, the process of repaying them can get complex due to the many types of loans and the accrual of interest. If you make the wrong move, you could wind up facing a costly error—one that may take years to recover from. The following five student loan mistakes are a few of the worst errors that you can make. Do what you can to avoid them.