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Student Loan Management Q&A - We need your questions!

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  • Student Loan Management Q&A - We need your questions!

    DO YOU STILL HAVE STUDENT LOANS?!?!?
    Dr. Dahle is doing a Facebook Live with @andrewstudentloanadvice on July 31 & we want your student loan questions!
    Post your question(s) here in this thread and we'll enter you to win a WCI shirt!

  • #2
    Why do we need loans to go to school?

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    • #3
      Here's the link to the Student Loan Q & A on YouTube.
      https://youtu.be/3kLeEED6eBs

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      • #4
        With $150k of student loans, projected income of $150k annually while starting an orthodontic practice, would you consider applying for REPAYE due to initial lower income or refinance ASAP for a 7-10 year fixed rate and refinance again to 5 year variable rate if practice meets growth projections after year 1?

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        • #5
          If your income is 150k and student loan balance is 150k, you're not receiving much of a benefit in REPAYE.

          Most will go into REPAYE for 2 reasons:
          1.) Keeping the door open for PSLF
          2.) Interest subsidy during negative amortization

          If you are not doing PSLF and don't receive an interest subsidy which helps to pay the interest charge, you should probably just private refinance while rates are low.

          At your income and debt level you wouldn't be eligible for the interest subsidy unless your income was ~100k or lower.

          If you private refi, go with a fixed term if you enter a payment program longer than 5 years. Then you can consider a variable later on to lower your interest rate if you're able to pay it off quickly (2-5 years).

          Helping student loan borrowers manage their student loans. StudentLoanAdvice.com. [email protected]

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