White Coat Investor Podcast WCI #429: Impact of the Big Beautiful Bill on Student Loans
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Jul 24, 2025 Join Andrew Paulson from StudentLoanAdvice.com, an expert in student loan strategies, as he navigates the implications of new legislation on student loans. He discusses whether medical school is still a wise investment amidst rising education costs. The conversation also delves into personal finance for newlyweds, including insights on prenuptial agreements. With a focus on student loan repayment options and the evolving landscape of forgiveness programs, this episode illuminates crucial financial topics for medical professionals.
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New Student Loan Borrowing Caps
- Starting medical or dental school in fall 2026 or later caps your federal borrowing at $200,000 for professional school.
- You'll likely need to seek private or institutional loans to cover additional costs, which may have less favorable terms.
Repayment Assistance Plan Details
- The new repayment assistance plan sets payments at 10% of adjusted gross income and waives unpaid interest.
- This plan qualifies for PSLF but has a long 30-year forgiveness timeline, which may not suit all doctors.
Consider Loan Refinancing Options
- The SAVE program may end soon and loan interest will restart, so consider switching to other IDR plans or refinancing.
- Refinancing federal loans to private ones can lower interest rates significantly if you plan to pay off loans fully.
