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Your Path to Student Loan Relief

Student Loan Repayment & Forgiveness for Physicians

Federal student loan repayment and forgiveness are a top concern for a majority of the early-career physicians we work with. Determining the most appropriate repayment or forgiveness strategy for each person has become more complex, with several changes to the student loan space in recent years, including forbearance periods, changes in loan servicers, and multiple changes to repayment plan options. 

Residents, fellows, and physicians transitioning into practice are in a unique situation regarding student loans. Despite opportunities for loan repayment and PSLF for your career path, there are pros and cons with income-driven repayment plans depending on career and life stage.  We view loan repayment strategies as a key element in building a solid financial foundation and overall financial plan. Our team stays updated in the federal loan space to help navigate the changes that may impact your path to loan repayment.

We specialize in YOU and have had the pleasure of working with thousands of physicians at over 400 different training hospitals across the country. We do not receive referral fees from refinancing companies, which allows us to present your repayment & forgiveness options in an objective manner.

Frequently Asked Questions

  • We are proud to have a niche as a comprehensive financial planning firm for physicians who also has a Certified Student Loan Professional designation.
  • Many financial planners only focus on accumulation. Many loan repayment advisory services only assist on the loan repayment front without understanding how other items are impacted.
  • We have over a decade of expertise understanding how different loan repayment strategies impact retirement planning during training and once in practice. We advise on which insurance products are specifically needed to protect yourself while you have a loan balance compared to after they are forgiven or repaid. By looking at the whole picture, we can provide advice that works for your whole picture and timeframe, not just a single topic and career stage.

  • Absolutely! Seeing medical professionals we work with become approved for forgiveness is the highlight of this profession, and we have seen millions of dollars in debt forgiven for our clients. The path towards PSLF is ever-changing and how to reach the finish-line today is different than many physicians over the past ten years. Understanding state/marital tax implications and which pathways are anticipated to stand the test of time are just some of the ways our team adapts to continue helping physicians achieve PSLF.

  • If you are going private practice, this has historically been the recommendation based on lack of forgiveness options and lower interest rates. This may no longer always be the surefire approach as soon as someone enters into practice.
  • Interest rates can vary greatly between shorter and longer repayment terms via a refinance. Comparing mortgage interest rates & terms to loan repayment is often a balance of numbers and emotions. You also should consider the interest subsidies potentially available through federal forbearance programs and what a consolidation interest rate may look like if extending a Federal Standard Repayment to 30 years.

Kyle Flynn, CSLP

Kyle Flynn, CSLP®, is a Financial Advisor and Student Loan Specialist. In addition to providing holistic financial planning services to physicians, he also offers no-obligation, introductory calls to early-career physicians to answer questions and help navigate the most appropriate loan repayment strategy while considering factors like income marital/family status, and PSLF.

Programs and Presentations

In addition to individual meetings with physicians, Kyle often presents to residents and fellows on a variety of important financial topics. He works closely with program coordinators, chief residents, and program directors for orientation and didactic presentations. These Q&A-style presentations help answer the most pertinent questions for the group based on specialty & career path, with loan repayment strategies often being a top concern. Use the link below to select a time to connect with Kyle for an introductory call to discuss or schedule time for a departmental presentation.

Schedule a Call

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