Student Loan Planning for Medical Professionals

If you’re unsure whether to pay off your loans fast, refinance, pursue forgiveness, or choose the right income‑driven plan, you’re in good company. While these decisions are complex, you don't have to figure things out on your own.

Our team is here help you build a repayment strategy tailored to your unique situation. By understanding the ways you can approach your medical student loans, you might even be able to save substantial amounts of money over time.

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What is Public Service Loan Forgiveness

Public Service Loan Forgiveness (PSLF) is a program that forgives the remaining balance of your federal student loan if you're able to make 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. If you're a physician working in a public hospital or non-profit organization, you might be eligible for PSLF. Specific requirements include:

Having a federal Direct Loan (other types must be consolidated into a Direct Loan)
Working for a public service employer for at least 30 hours per week
Making 120 qualifying payments under a qualified, income-driven repayment plan (standard 10-year repayment does not count)

The qualifying process can take some time, but having your remaining loan balance forgiven may be worth it to you.

The Latest Student Loan News

Federal Student Loans

The federal student loan repayment pause ended in 2024. Interest is now accruing and borrowers must resume regular payments. Remember to review loan balances, interest rates, and repayment plans to avoid deliquency and negative credit consequences.

Income-Driven Repayment Plans

The SAVE Plan has taken the place of REPAYE for new borrowers. Those already enrolled in REPAYE were automatically moved into SAVE, which is no longer accepting new applicants. Income‑Contingent Repayment (ICR) plans will also close to new borrowers after July 1, 2026. Current participants can remain in the plan, but new enrollment won’t be available moving forward.

Public Student Loan Forgiveness

Temporary expansions under the PSLF waiver allowed many borrowers to receive credit for past payments, but that waiver period is coming to an end. Staying on top of employment certification, payment tracking, and documentation remains essential. Even as repayment plans evolve, qualifying PSLF payments are generally protected.

Curious why student loan planning is essential for physicians?

Explore the essentials of student loans, includimg the forgiveness options and smart payment strategies available to you. Make sure you're making an educated decision when it comes to how you'll tackle your medical school student loans.

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