My title just about sums up my situation. I am heading into a speciality with an anticipated attending salary of $200-450. I am unsure about my plans re: remaining in academics vs private practice. The 200k salary represents academics right after fellowship, and the 450k represents a private practice salary 4 years out from fellowship. Of course, who can predict the salaries of a decade from now.
My private loans are deferrable during residency and fellowship (they are something like 7%); I am also open to refinancing them. What would your plan be for this mix? My school gave me 10k per year of their own loans in lieu of government loans, and I am just realizing how much this screwed me.
I am thinking of PAYE for the government loans on the chance that I remain in academics and have them forgiven. Still, liquidity is important because I hope to have a child and support a spouse at around year three of residency. I am thinking PAYE (as opposed to REPAYE) because my spouses and my combined income will be between 100-110k for the first 2-3 years of residency.
Any particular insights or thoughts come to mind about the most effective way to approach paying this debt mix?
My private loans are deferrable during residency and fellowship (they are something like 7%); I am also open to refinancing them. What would your plan be for this mix? My school gave me 10k per year of their own loans in lieu of government loans, and I am just realizing how much this screwed me.
I am thinking of PAYE for the government loans on the chance that I remain in academics and have them forgiven. Still, liquidity is important because I hope to have a child and support a spouse at around year three of residency. I am thinking PAYE (as opposed to REPAYE) because my spouses and my combined income will be between 100-110k for the first 2-3 years of residency.
Any particular insights or thoughts come to mind about the most effective way to approach paying this debt mix?
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