White Coat Investor Podcast MtoM #250: Emergency Physician Wipes Out $500,000 of Student Loans in 3 Years and Finance 101: Public Service Loan Forgiveness (PSLF)
Nov 24, 2025
An emergency physician shares his inspiring journey of eliminating over $500,000 in student loans within three years, living frugally alongside his physical therapist partner. They discuss the strategies behind their aggressive repayment plan, including additional shifts and smart financial choices. The couple also dives into the complexities of Public Service Loan Forgiveness, reflecting on the uncertainties and future goals like home renovations and mortgage payoff. Listeners gain valuable insights into navigating student debt and achieving financial freedom.
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Half-Million Debt Eliminated Fast
- Andrew paid off $509,000 of undergrad and med school loans in about three years.
- He refinanced out of federal loans and attacked them with huge biweekly payments while living like a resident.
Live Like A Resident To Attack Debt
- Live like a resident temporarily and funnel large portions of income to debt to accelerate payoff.
- Andrew and Colleen sent roughly $15,000–$20,000 a month to loans to make rapid progress.
Worked More Shifts Than Typical
- Andrew worked 15–16 ten-hour shifts monthly, more than a typical full-time EM schedule.
- He accepted the heavier schedule early in his career because he had energy and peers doing similar amounts of clinical work.