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Mastering Public Service Loan Forgiveness for Doctors
In this episode of 'Retire Early, Retire Now,' host and certified financial planner Hunter Kelly dives deep into the specifics of Public Service Loan Forgiveness (PSLF) for high-income professionals such as doctors, attorneys, and other eligible professions. He discusses eligibility criteria, the types of loans that qualify, necessary repayment plans, and the importance of certification and documentation. Hunter also highlights the benefits of PSLF, including tax-free loan forgiveness and flexible payments during residency, while cautioning against common pitfalls such as neglecting certification and switching to non-qualifying repayment plans. The episode underscores the enormous financial impact PSLF can have, potentially forgiving hundreds of thousands of dollars in student debt, and provides actionable steps for professionals to enroll and stay on track. For personalized advice, listeners are encouraged to reach out to Hunter Kelly via his website.
00:00 Introduction to Public Service Loan Forgiveness (PSLF)
01:18 Understanding PSLF Eligibility
03:26 Qualifying Employers for PSLF
05:00 Making Qualified Payments
08:53 Benefits of PSLF for Doctors
10:52 How to Enroll in PSLF
13:11 Common Pitfalls to Avoid
15:18 Closing Thoughts and Final Advice
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