On Friday, President Trump signed the $2 Trillion COVID-19 stimulus package named the Coronavirus Aid, Relief, and Economic Security (CARES Act). The CARES Act provides some definite benefits if you have Federally held student loans. We wrote this article to help doctors with student loans understand and take advantage of the CARES Act benefits. What […]
As a new physician, you’ve sacrificed years watching friends buy new cars and first homes, while you’ve spent an extra four years in medical school with no income. You followed that up with three to nine years of residency and fellowships at depressingly low-income levels. It’s no wonder then, when you finally get your new […]
Why You Should Monitor Your Credit There are many reasons to stay on top of your credit. The most obvious reason is to identify if someone has illegally accessed one of your accounts or possibly even stolen your identity. You should assume that your personal information is readily available to criminals. Even the credit bureaus […]
What is IBR? Don’t confuse the Income-Based Repayment plan (IBR) with Income-Driven Repayment plans (IDR). Income-Driven Repayments (IDR) refers to ALL student loan repayment plans that are based on your income and family size. IDR plans include Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), and Income-Based Repayment (IBR).
When you borrow money from the Federal Government to pay for your education, you must pay back all of the borrowed money plus interest as a cost of borrowing that money.
If you are a physician looking for a high-quality disability policy to supplement your employer policy or your total coverage, this article is for you.