Financial Advice, Medical School Loans, Refinancing Medical School Loans

4 Reasons to Refinance Medical School Loans During Residency

You just matched into residency, and you’re thrilled to take the next step in your career. For the first time in a long time, you feel like you can breathe again. Enjoy it now: Once residency starts, you won’t be slowing down again for awhile. And you won’t have much time to think about the giant elephant you’re carrying on your back: Your student loans.

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Medical School Debt, Refinancing Medical School Loans, Consolidating Medical School Loans

5 Things No One Tells You About Medical School Debt

Here’s the dirty secret no one tells you about graduating from med school: just as you’re finally getting a chance to celebrate your accomplishments and catch up on sleep, you’ll get a rude awakening from an unwelcome guest: your lender.

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Career Advice, Educational Materials

5 Tips for Crafting an Excellent Residency Personal Statement

Think of your residency personal statement as an opportunity to show your best stuff. Your residency application requires a personal statement, where you have the rare opportunity to talk at some length about your talents. Use it to your advantage to indicate that you have what the hospital needs in terms of abilities, experiences, skills, and maturity. Demonstrate that you are the person the program is looking for. In short, show each program that you are a good "match."

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Residency, Work-life Balance

Creating Balance and Avoiding Burnout During Residency

Being a doctor is a rewarding, empowering career; you literally save lives. And yet, the stress that comes along with being a doctor can turn “empowering” into “overpowering,” resulting in physician burnout. Sadly, about 30% of young physicians suffer from depression or depressive symptoms, and every year in the United States, roughly 400 physicians commit suicide.

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Financial Advice, Medical School Debt

Don't Let Debt Drive Your Medical Specialty Choice

Think back to the very first moment when you knew you wanted to be a doctor. When did it happen? What did you picture for your future?

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Financial Advice, Medical School Loans, Retirement

3 Fears Every Resident and Fellow Has About Their Finances

In some ways, working your way through residency and fellowship feels like being stuck in limbo for years. You finally have the privilege of wearing that white coat, but you must do a balancing act between the medical students that look up to you, and the more seasoned physicians who still lose patience with you. Although you’re working like there’s no tomorrow, your income hasn’t caught up with your hours yet. The good news— you will make it through this, and you’re not alone.

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Refinancing Medical School Debt, Consolidating Medical School Debt

4 Easy Ways to Get a Handle on Your Medical Student Loans

If you are part of the 84% of medical students who graduated with student loan debt, the good news is, you’re not alone. But the reality is, the average amount of debt new physicians have as they leave medical school is a staggering $183,000 – though many physicians have larger debt burdens. Often these loans were taken out over multiple years and have multiple servicers (payment processors – which means many bills), making it a challenge to manage your loans and ensure that you are making payments on time.

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Financial Advice, Student Loan Debt

Why You Shouldn't Bank on Student Loan Forgiveness

Public Service Loan Forgiveness has been in the news quite a bit in the past few months. There are proposals to cap the forgiveness amount, or eliminate the program altogether. To better understand if this is the right path for you, let’s take a quick look at the eligibility requirements, and some of the pros and cons of the plan.

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