Uncommon Student MD: medical school students and residents learning how to control our medical career and expand our opportunities. Join Our Mailing List

Uncommon Student MD RSS    Uncommon Student MD Twitter     Uncommon Student MD Facebook       Uncommon Student MD Group on LinkedIn      Email

Do something uncommon
Join our mailing list
Spam is for jerks, and jerks we are not.
Our Facebook Posse
Our Fantastic Sponsors
Recent Blog Posts
Freelance MD

Managing Student Loan Debt

A Government Program You Need to Know About

As graduation approaches, medical students are concerned with two things: having as much fun as possible before internship starts, and what to do when we have to start repaying the massive amount of debt accrued during school. I can't help you with internship, but I do want to point you to a relatively new (2007) government program which graduating students should seriously consider. The video below explains the value of combining Income Based Repayment (IBR) with Public Service Loan Forgiveness (PSLF) instead of entering forbearance as a resident. These two programs combined could save you $200,000 or more in the long run. The best part? To qualify you only have to work for a non-profit, and 80% of hospitals qualify.

Finally, make sure to file a tax return during your graduating year even if you didn't make any money as a student, as the next year's IBR will be based off that income. Check it out and let us know what you think!

References (2)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Uncommon medical school students and residents.
  • Response
    aem1Ud Any spherical connected with applause on your web site document. Appreciate it All over again. Awesome.

Reader Comments (2)

Glad to see this since some financing info for medical students is sorely needed.

Apr 7 | Registered CommenterUncommon

Thanks for sharing this .

May 15 | Unregistered Commenterstarluxe

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.
« The Battlefield Mentality Of Medicine | Main | The 5 Top Inventions That Will Make Being A Medical Student Or Resident A Breeze »
Uncommon Student MD is an active community of medschool students and residents.

All rights reserved.