Question via a forum PM:
Good afternoon!
I am a current PGY-1 EM resident in a ton of debt, surprise, and was wondering if you could offer some insight since you are a fellow EM doc.
I have ~500k in loans currently, 30k is no-interest loan with great repayment plan and another 30k is refinanced with laurel road (DRB) that was originally a private loan. As an EM doc I see that most job opportunities are not through non-profits which takes me out of the 10years PSLF, so is it worth sticking with the government over a service like sofi/DRB with lower monthly payments while in residency?
I live in NYC now so COL is high but have no dependents nor planning to in next 3-4years. I just applied and qualified for the REPAYE plan as well. In either scenario I guess I am more worried about the long run than paying an extra $1-200 per month right now and would rather pay the least over the life of the loans.
Any insight is appreciated and thank you for your time. Also, I have your book and read it a couple years back, loved it, but thinking I may need to run through it again now that I am in residency. Have a great day!
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