White Coat Investor Podcast MtoM #88 - Sports Medicine Doc Pays Off $287,000 in 2 Years
Oct 17, 2022
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Paid Off $287K In Two Years
- Dr. Kellen Gower paid off $287,000 of student loans over two years after finishing training. He currently holds the cash ready to pay while loans sit at 0% interest pending policy changes.
Rural Loan Forgiveness Affects Strategy
- Florida passed a law giving $20,000 in loan forgiveness to primary care doctors in rural areas and Dr. Gower practiced in an eligible rural area. He is weighing whether to pay everything off or preserve some balance to capture that benefit.
House Flip Helped Loan Repayment
- Dr. Gower grew up in a low-middle-income family, bought a townhouse during residency, and later sold it for a $70,000 net gain. He used $50,000 of that sale toward student loans and $20,000 toward a new house patio.