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cover of episode WCI #391: The Student Loan Roller Coaster

WCI #391: The Student Loan Roller Coaster

2024/10/31
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White Coat Investor Podcast
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Andrew Paulson
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Tyler Scott
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Tyler Scott：当前联邦学生贷款体系，特别是与收入驱动还款计划相关的司法纠纷，对寻求公共服务贷款减免和其他收入驱动减免方案的医生来说，如同十年牢狱。需要关注SAVE计划的现状、即将到来的选举以及影响联邦学生贷款的众多变量。 Andrew Paulson：本次讨论仅限于联邦学生贷款，不涉及私人学生贷款和再融资。收入驱动还款计划 (IDR) 的核心是根据借款人的收入来计算还款金额。目前有四种IDR计划，但ICR和PAYE计划已不再接受新的申请人。公共服务贷款减免 (PSLF) 是贷款减免的“圣杯”，但需要满足四个条件：在IDR计划中、完成120次还款、拥有合格学生贷款以及在合格机构工作至少30小时/周。IDR减免与PSLF相似，但还款期限更长（20-25年），且需要考虑未来巨额税务负担。收入分摊还款计划 (IBR) 有两种版本：旧IBR (贷款发放于2014年7月1日前) 和新IBR (贷款发放于2014年7月1日后)，两者还款比例不同。贷款发放时间决定了IBR的类型以及还款比例（旧IBR为15%，新IBR为10%）。由国会立法制定的PSLF和IDR计划比通过行政规则制定的计划更安全稳定。PSLF回购计划允许借款人追溯性地获得在行政延期期间的还款额度，但需支付一次性费用，且存在不确定性。根据借款人的具体情况，决定是否应该切换到IDR计划。对于那些收入和债务相当，且正按计划获得PSLF减免的人来说，无需采取任何行动。对于住院医生来说，尽早获得PSLF减免至关重要，因为未来的收入会更高。高收入医生可能无法获得IBR计划，需要考虑其他方案。如果SAVE计划被取消，高收入医生可能需要考虑IBR计划，但需注意申请时间和收入限制。在共有财产州，已婚医生夫妇需要仔细考虑税务影响，并可能需要采取策略来降低学生贷款还款金额。在某些情况下，已婚夫妇可以先分别申报税款以降低学生贷款还款额，之后再修改为共同申报以收回税款节省。 Andrew Paulson: 当前SAVE计划面临法律挑战，可能无法长期存在。如果SAVE计划被取消，正在该计划中的借款人将无法获得PSLF或IDR减免的积分。建议在训练期间尽早进入还款计划，以获得更低的还款额度。PSLF计划由国会立法，相对安全稳定；而SAVE、PAYE和ICR计划通过行政规则制定，更容易被修改或取消。PSLF回购计划允许借款人追溯性地获得在行政延期期间的还款额度，但需支付一次性费用，且存在不确定性。根据借款人的具体情况，决定是否应该切换到IDR计划。对于那些收入和债务相当，且正按计划获得PSLF减免的人来说，无需采取任何行动。对于住院医生来说，尽早获得PSLF减免至关重要，因为未来的收入会更高。高收入医生可能无法获得IBR计划，需要考虑其他方案。如果SAVE计划被取消，高收入医生可能需要考虑IBR计划，但需注意申请时间和收入限制。在共有财产州，已婚医生夫妇需要仔细考虑税务影响，并可能需要采取策略来降低学生贷款还款金额。在某些情况下，已婚夫妇可以先分别申报税款以降低学生贷款还款额，之后再修改为共同申报以收回税款节省。

Deep Dive

Chapters
The episode begins with an overview of the current federal student loan landscape, focusing on the legal challenges facing the SAVE plan and the implications for borrowers.
  • SAVE program is in legal peril and may not survive.
  • Public Service Loan Forgiveness (PSLF) is more secure due to congressional statute.
  • Borrowers in residency should consider repayment options to get credit for lower payments.

Shownotes Transcript

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” A Tale Of Two Cities tells the story of a French doctor's 18 year imprisonment in the Bastille and today we borrow it's famous opening lines as Dickens so accurately and accidentally provides the perfect assessment of the current federal student loan landscape for American doctors facing what can feel like the 10 year imprisonment of Public Student Loan Forgiveness.

Certified Student Loan Professionals Tyler Scott and Andrew Paulson take a look at the current landscape to provide insights and considerations for those worried about the status of the SAVE plan, the upcoming election, and the myriad variables that underlie navigating federal student loans in the fall of 2024.

Today’s episode is brought to you by SoFi), helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and $100/month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi) *Loans originated by SoFi Bank, N.A., NMLS 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.

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 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 is for you!

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