Student Loan Planner

If you’re heading into a career in dentistry, medicine or pharmacy, is a residency worth it? What are the differences in requirements, and how do those affect your salary and student loan repayment? Here’s what the economic value of a residency could look like for you, and how it varies by profession.   (Also learn about Student Loan Planner’s brand-new investing course, launching alongside our podcast for one week only!)   In today’s episode, you'll find out: How residency programs have proliferated What the various programs are — and why some cost you and some don’t How residency for medicine differs from other fields like dentistry and pharmacy Travis’ thoughts on how hospitals could pay for residency programs How pharmacy residencies are a special case How hospitals have adapted to the massive influx of pharmacists The value of residency in veterinary medicine The economic value of residencies as far as what they’re designed for Ultimately, is a residency worth it for doctors? For dentists? Veterinarians? Pharmacists? What the Student Loan Planner investing course is all about   Full show notes at: http://studentloanplanner.com/24 

Mark Strucker is an educational consultant based in Atlanta, Georgia. He’s worked in boarding school admissions and then the college admissions space for 19 years. After working in the KIPP (Knowledge is Power Program) Schools, he founded School Match 4U, a full-service educational consulting company that helps future college students and their families with the college admissions process. Learn how Mark’s educational consulting company works, what his advice is for getting good financial aid and his thoughts on the recent college admissions scandal. In today’s episode, you'll find out:  How Mark began working in the boarding school and college admissions space Answers to common questions parents have when considering boarding school College admissions counseling in public schools versus private or boarding schools Mark’s four categories for helping families as an educational consultant How to get a good aid package when applying to a school What’s more important — a brand-name, prestigious school or educational value? What percentage of students Mark sees take out student loans to fund their education How retirement savings and home equity can affect financial aid How future students can stand out to get merit money Mark’s reaction to the college admissions scandal that surfaced in March 2019 How Mark believes college admissions will change in response to the scandal How Mark’s full-service educational consulting company, School Match 4U, helps future college students and their families   Full show notes at: http://studentloanplanner.com/23 

Alan is a national security specialist living in the D.C. area. He graduated with $120,000 of student loan debt, which had now climbed to $160,000 with interest. His wife is a vice principal with about $40,000 of student loan debt herself. Both are working toward student loan forgiveness — Alan with Public Service Loan Forgiveness (PSLF) and his wife with Teacher Loan Forgiveness.   Learn about Alan’s struggles with FedLoan Servicing (the servicer in charge of all things PSLF) and how loan forgiveness is unfolding for both he and his wife.    In today’s episode, you'll find out:   How Alan ended up in the national security field — and what that career is really like What education is required to work in national security When Alan first realized he had tons of student loan debt How bad advice from his loan servicer led his loan balance ballooning How the incentive structures of loan servicer call centers affect the advice you get Why it’s usually best to use your prior tax returns to certify income for income-driven repayment plans How student loans affect married couples filing taxes jointly or separately Alan’s experience with FedLoan Servicing after inquiring about loan forgiveness Why PSLF is usually the better option over Teacher Loan Forgiveness — and how both programs work Why an emergency fund is essential, especially as the student loan debt crisis will likely get worse Alan’s tips for dealing with the psychology of debt   Full show notes at: http://studentloanplanner.com/21 

Alex Barnette is a Licensed Marriage and Family Therapist (LMFT) who graduated from St. Edward’s University in Austin, Texas. She currently has about $115,000 in student loan debt that she’s paying off. She’s also launched her own practice — Alex Barnette Counseling, also located in Austin. In today’s episode, you'll find out: What schooling looks like for someone wanting to be an LMFT The breakdown of various license abbreviations in the therapy world The tuition to expect in a master’s program to become an LMFT How private schools tend to raise their tuition cost every semester How Alex handled her student loan debt while working after graduation Why agency fees can make it difficult for LMFTs to focus on their student loans How Alex took the leap to start her own practice The difference between qualifying for Public Service Loan Forgiveness and income-driven repayment loan forgiveness How getting married can drastically affect your student loan repayment Why student loan servicers can be so difficult to deal with Alex’s advice on when to seek therapy — and how clients choose what to get out of it Full show notes at: http://studentloanplanner.com/21 

Have you ever thought about being a millionaire — even if you have student loan debt? Then this episode will be powerful for you. Most people want to earn enough to retire comfortably and to live their dreams, but they aren’t sure how they can do it. If you’re wondering how to prepare for the future when you’re dealing with a ton of student loan debt, here’s how you can hit a seven-figure level net worth. In today’s episode, you'll find out: Is it possible to become a millionaire with student loan debt? How can a couple with $100k of combined income have a seven-figure net worth? Why it’s so important to max your retirement accounts How long does it take to become a millionaire? Why is it a good idea to contribute to brokerage accounts? How would becoming millionaire work for a couple earning a combined $200k? Or $600k? Should you invest in savings or brokerage accounts? How much do you need to save to be able to retire? What’s the difference between maxing and matching your retirement contributions? How Student Loan Planner’s upcoming investing course can help you Full show notes at: http://studentloanplanner.com/20 

Tim Ulbrich graduated from the Ohio Northern University Doctor of Pharmacy program — which he decided on straight out of high school at age 18 — with $200,000 in student loan debt. After three years of Tim and his wife being on the Standard Repayment Plan and feeling like they were living paycheck to paycheck, they began aggressively paying back on the loans and were able to pay off the last of the debt in the fall of 2015.   Now Tim is a clinical professor of pharmacy and program director for the master’s program in Health-System Pharmacy Administration at Ohio State University. On top of that, he founded the Your Financial Pharmacist blog, co-hosts the Your Financial Pharmacist podcast and co-wrote the book “Seven Figure Pharmacist,” all of which are geared toward helping pharmacists realize their financial goals and achieve the lifestyles they want. In today’s episode, you'll find out: Tim’s journey into pharmacy school at Ohio Northern University How the return on investment for pharmacy school has changed over the last decade Why it’s essential to be strategic and intentional with your choice of school and your debt repayment strategy How Tim ended up helping people in the pharmacy world with their money How Tim and his wife paid off his high student loan debt Train wreck situations and success stories Tim has seen in pharmacist finances Tim’s thoughts on how residency has become more important for future pharmacists Why the pharmacy profession needs to evolve — and what could happen if it doesn’t How someone can become a seven-figure pharmacist Whether or not Tim would support his children become pharmacists   Full show notes at: http://studentloanplanner.com/19 

Justin Harvey is a brand new team member here at Student Loan Planner. As a student loan consultant, he’s hit nearly a hundred consults. He’s been in the financial industry since graduating from Villanova University in 2010. After seeing the student loan debt his wife had as an anesthesia resident and how it’s impacted their lives, he launched his own firm in 2017, Quantifi Planning, which focuses on anesthesia and pain physicians with student loan debt. In today’s episode, you'll find out: How Justin began working in the financial industry Why he decided to launch his own firm How he ended up consulting at Student Loan Planner Why it’s imperative to know what you’re doing before refinancing or consolidating your student loans When hiring a student loan planner instead of relying on your student loan servicer might be a better option Why “follow the money” should be your go-to phrase when choosing a financial planner Justin’s thoughts on poor student loan advice A few of his favorite anecdotes from consulting at Student Loan Planner Why he tells people to “question the assumptions” before incurring student loan debt Full show notes at: http://studentloanplanner.com/18 

Dr. David Donelson graduated from Tufts University School of Dental Medicine with $330,000 in student loan debt. After practicing in New York City for two years, he felt compelled to find a brand new environment and found himself in Dubai, United Arab Emirates. The foreign earned income exclusion has allowed him to tackle his student loans more aggressively.   He still currently practices in Dubai, where he’s been located for seven years. He plans to return to the U.S. in the next few years and to finally kick the rest of his student loan debt.   In today’s episode, you'll find out:   David’s background in dental school at Tufts University His experience practicing dentistry in New York City How he ended up leaving the U.S. for Dubai Why living in Dubai helped David’s tax situation The cost of living in Dubai versus the U.S. How the foreign earned income tax exclusion works — and could help with student loan debt David’s tips for anyone wanting to practice dentistry in Dubai How being a dentist in Dubai compares to the U.S. David’s experience with refinancing his student loans How living in a tiny town can bump up your income His one regret while living in Dubai David’s advice for living abroad   Full show notes at: http://studentloanplanner.com/17 

Lauryn Williams isn’t just a student loan consultant here at Student Loan Planner. She’s also a four-time Olympian and three-time Olympic medalist who grew up learning to save and work hard for what she had. Though she graduated without student loan debt, she had many friends who struggled under the pressing weight of it. At only 20 years old, she began earning a $200,000 income, and she trusted financial advisers to sort out what to do with her money. But when those advisers didn’t end up having her best interests at heart, she decided to learn as much as she could about student loan financial planning to be the change she wanted to see in the world. She earned her MBA and CFP and started her own financial firm Worth While in Oct. 2015, where she currently works along with performing consultations for Student Loan Planner. In today’s episode, you'll find out: How Lauryn became one of the most prolific student loan consultants in the world What her experience in the Olympics was like How she transitioned from a career as a professional athlete into the financial industry Her personal experience with the private wealth management world Her path from being a track and field star in college to becoming the first American woman to win a medal in both the Summer and Winter Olympic Games Lauryn’s thoughts on professional athletes dealing with finances How she started her firm Worth Winning Why Lauryn is passionate about finances and helping people Full show notes at: http://studentloanplanner.com/16 

Dr. Amanda Endsor graduated from vet school with $168,000 in debt. She worked through school to make ends meet while accruing fewer student loans, and she had little support from her school when it came to handling her loans after graduating. She also continued her education into veterinary dentistry, and she’s now working to pay off her debt.   She currently practices veterinary medicine in Knoxville, Tennessee, where she’s also involved with Vinea, a women’s mentorship program.   In today’s episode, you'll find out:   • How Amanda decided on veterinary medicine and applied to vet school • How she made her way financially through school • Her thoughts on the lack of preparation and support from the school when it came to loan repayment • The ethics of schools raising tuition • Her reaction to her student loan payments right after graduating • How Amanda came across Student Loan Planner and got help with her loans • How Amanda talked with her husband about her vet school debt • What it’s like to learn veterinary dentistry • How Amanda got involved with Vinea, a women’s professional mentoring program • Why women mentorship is so important • Amanda’s advice for young women professionals   Full show notes at: http://studentloanplanner.com/15