Student Loan

Biden’s New Student Debt Plan Proposal and How it Could Affect Doctors

Biden’s New Student Debt Plan Proposal and How it Could Affect Doctors

In mid-April 2024, the Biden administration announced some potential relief for student loan borrowers.  

It’s important to note this is potential relief. Nothing is finalized yet. Just like the previous announcement of forgiving $10,000 student loan balances, the latest relief may also get jammed up in the courts.

Here is the short version of the potential relief announced that may impact doctors:

PSLF Update 2024: Payment Count Adjustments for Doctors

PSLF Update 2024: Payment Count Adjustments for Doctors

One of the most popular financial questions we get from doctors is “How do I receive Public Service Loan Forgiveness (PSLF) in the quickest and cheapest way possible?”. Although there’s no way to bypass the requirement of 10 working years at a 501c3/not-for-profit, the federal government has opened some new avenues to count previously missed opportunities for qualification.

The Physician’s Team of Experts and Financial Concierge

The Physician’s Team of Experts and Financial Concierge

Have you ever wondered about all the experts who help Bill Gates, Jeff Bezos and even Donald Trump manage their money? They have an insurance guru to oversee the risk management, an investment team to make sure their assets are working as hard as possible, an attorney to keep them on the straight and narrow, along with a savvy accountant to help them reduce their taxes and a financial advisor to coordinate all these folks and prepare for their future. It probably costs the very wealthy thousands of dollars per hour to get this kind of experienced, coordinated advice!