White Coat Investor Podcast

WCI #239: Contract Negotiation and Student Loans

Dec 2, 2021
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ADVICE

Negotiate Usual Contract Terms

  • Employers generally won't adjust retirement plans like 401(k) matching for individual contract negotiations.
  • Focus contract negotiation efforts on vacation, time off, sick leave, call structure, and compensation details instead.
ADVICE

Residency Contracts Aren't Negotiable

  • Residency contracts are usually standard and non-negotiable.
  • Special situations like maternity leave can be worked out after matching, but salary and benefits are fixed for all residents.
ADVICE

Apply for PSLF Regardless of Amount

  • Apply for Public Service Loan Forgiveness (PSLF) even if the remaining loan is small.
  • Recent rule changes make qualifying easier, so it's worth pursuing for any leftover balance.
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