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White Coat Investor Podcast
MtoM #179: Internist Receives PSLF and Finance 101: Money and Med School
Jul 15, 2024
30:04
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An internal medicine doc discusses receiving PSLF and having $300,000 in loans forgiven. They emphasize intentional job choice at 501(c)(3). Topics cover financial struggles in med school, loan forgiveness process, and sacrifices for PSLF qualification.
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Quick takeaways
- Strategically choosing a 501(c)(3) job enabled loan forgiveness for a doctor.
- Using federal loans instead of personal funds allows for greater financial flexibility.
Deep dives
Celebrating Public Service Loan Forgiveness Milestone
Earl, an internal medicine specialist, successfully had his student loans of approximately $301,577 discharged through the Public Service Loan Forgiveness program. Despite initially borrowing significant amounts for med school with loans and scholarships, he strategically managed his repayments, influenced by intentional career choices to qualify for loan forgiveness through his work at a 501c3 organization.
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Discover
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