Student Loans

WCI Podcast #214 – Will Student Loans Be Forgiven?

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WCI Podcast #214 – Will Student Loans Be Forgiven? – Latest News

Student loans have been on the back burner for the last year or so, as borrowers have enjoyed 0% interest on their federal loans. There has been lots of talk in Congress about loan forgiveness and what that could look like. With the break on interest scheduled to come to an end this Fall, student loans are about to come front and center. Being in this state of limbo leaves borrowers with hundreds of thousands of dollars in student loans unsure of how to manage their loans going forward. Refinance and risk losing 0% interest if President Biden extends the deal? Or risk missing out on any loan forgiveness Congress may pass? There is a lot to think about right now so we brought on Andrew Paulson, of StudentLoanAdvice.com, in this week’s episode to discuss loan forgiveness, interest rates, refinancing, consolidating and other questions about managing your student loan debt.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you’re a high-income professional and ready to get a “fair shake” on Wall Street, The White Coat Investor channel is for you!

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4 Comments

  1. Nature Lover
    July 19, 2021 at 10:05 pm

    Student loans is like the opioid epidemic. It never ends as long as there r people addicted to it. If not Oxycontin then fentanyl.

  2. P H
    July 19, 2021 at 10:05 pm

    Intro too long. Will unsub if this continues

  3. Rb1990
    July 19, 2021 at 10:05 pm

    Great discussion, but I disagree with the recommendation not to pay extra on federal loans. I understand mathematically you could place money into a side account to use later, but from a motivation standpoint I really need to see that principal go down every month as I take extra moonlighting shifts. I am quite skeptical docs are as diligent creating a side pot of money to eventually go towards loans as they are when intensely paying down debt every month.

  4. Miriam Strauss
    July 19, 2021 at 10:05 pm

    Thank you for talking about this topic! I feel like no one is talking about this and it is much needed 🙏🏻❤️