I am a current medical student, and I began reading the White Coat Investor as a pre-med. I followed the advice to go to the cheapest medical school possible, which is my state school. Unfortunately, it is one of the most expensive state schools in the country, and from my calculations, my debt burden will be ~280k when I graduate. I was hoping to ask you about my specific situation, as my school’s financial aid office was not of much help.
I plan on pursuing either interventional radiology or cardiology, which will be 6 years of residency/fellowship. My financial plan is to complete my training at a 501c3 hospital, and make payments through IBR during these 6 years. After that, if I am able to work as an attending at a 501c3 institution for 4 more years, I should be eligible for PSLF which would forgive a substantial amount of debt.
My main question: The MPNs for my student loans include language that the loans are eligible for PSLF. I understand that congress can revoke PSLF any time within the next 10 years. But if I signed MPNs for 4 years worth of loans that were eligible for PSLF at the time, will I be grandfathered into the program in the event that they stop the PSLF in the future? Is there any way to know this?
I plan on pursuing either interventional radiology or cardiology, which will be 6 years of residency/fellowship. My financial plan is to complete my training at a 501c3 hospital, and make payments through IBR during these 6 years. After that, if I am able to work as an attending at a 501c3 institution for 4 more years, I should be eligible for PSLF which would forgive a substantial amount of debt.
My main question: The MPNs for my student loans include language that the loans are eligible for PSLF. I understand that congress can revoke PSLF any time within the next 10 years. But if I signed MPNs for 4 years worth of loans that were eligible for PSLF at the time, will I be grandfathered into the program in the event that they stop the PSLF in the future? Is there any way to know this?
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