Student Loan Advice

Posted On Apr 26, 2021 By admin With Comments Off

We are pleased to announce the launch of a brand-new busines we are offering to The White Coat Investor community 😛 TAGEND

There is a serious need out there for high-quality student loan advice, so we have arranged for white coat investors to be able to meet with a taught student loan planner for a quick opinion seminar at a fair premium early in their career.

The Problem

I often find myself in the position of having to give sad news to person late in residency or even well into their career. The bad news? That they have thrown away tens or even hundreds of thousands of dollars by mismanaging their student credits. Our student loan system, particularly on the federal back, became very ridiculously complicated with a crazy quantity of options including four Income-Driven Repayment( IDR) curricula, five forgiveness planneds, and all kinds of other options including deferment, patience, combination, and refinancing into dozens of types of lends from dozens of fellowships. Each of these programs has its own guidelines, nuances, and effects on everything from how you register your taxes to which types of retirement accounts you can contribute to. For many physicians, an ounce of prevention is worth a pound of heal. Consider these classic mistakes and the amount of money that each misconception could expenditure a typical lily-white coat investor 😛 TAGEND

Refinancing when “youve had” pursued forgiveness( hundreds of thousands) Not enrolling in an IDR( tens of thousands) Choosing the wrong IDR( tens of thousands) Mistakenly going to get leniency or deferment when seeking forgiveness( tens of thousands) Not refinancing( tens of thousands) Choosing the wrong expression or type of loan when refinancing( thousands)

Getting proper advice as you come out of medical or dental institution, so you can avoid these mistakes, can apparently be very valuable.

Who Probably Does Not Need Student Loan Advice?

For countless physicians, student credit administration can be really simple. If “youre ever” single( or married to each other a non-earner) and think you might want to go for Public Service Loan Forgiveness down the road, your student lend control during residency is generally quite simple 😛 TAGEND

Enroll in REPAYE for your federal lends Refinance your private loans

Seriously, that’s it. Maybe there are a few nuances there as to whether you contributes to a Roth 401( k) or a tax-deferred one, but it’s not much more complicated than that. When you leave residency, there is a bit of its determination to perform, but it’s pretty straightforward. If you are going to be employed full-time by a 501( c )( 3 ), you should go for PSLF. If “youre not”( and have a acceptable obligation to income rate ), then you should refinance your lends and pay them off rapidly by living like a resident.

You probably don’t need to pay for personalized student loan advice or coaching.

Who Probably Does Need Advice?

If you’re married to another earner or another borrower, or expect to marry soon, things get a lot more complicated. Specially if you both have student credits. Even more so if one or both of you is considering a student loan forgiveness strategy. There are a plethora of strategies available to you that vary by the state you are in, the type of loans “youve had”, your relative incomes and debt burdens, and future developments activities. In these situations, it is well worth spending a few hundred dollars to make sure you are doing it right.

Even if you are single, if you have a high student loan to expected future income rate( let’s say> 1X ), it’s likely well worth your time and money to meet with StudentLoanAdvice.com.

Lots of parties precisely want to be sure they’re doing things right, even though they are their situation is not all that complicated. Meeting with StudentLoanAdvice.com can provide that reassurance.

What StudentLoanAdvice.com Does Not Do

StudentLoanAdvice.com is not going to be your long-term business advisor. If you need help drafting an overall financing plan or administering your investments, we advocate you go to one of our recommended financial advisors. They are highly competent and, although expensive, they are fairly priced for the services they offer. Expect to deplete between $2,000 and $15,000 a year. Some of them do volunteer specialized student loan advice as part of their services, but most monetary advisors simply do not know the ins and outs of the federal student loan such programmes and accompanied policies. Bear in knowledge there is nothing in the CFP( or even CFA) curriculum about student lends. Although not the case with the majority of our recommended advisors, the vast majority of fee-only financial advisors have little those who are interested in clients with a net worth of negative $300,000, few investable assets, and an income of time $60,000. Student Loan Advice doesn’t sell you coverage or refinance your student lends either.

What StudentLoanAdvice.com Can Do for You!

Student Loan Advice is a monetary coaching service that, for a few hundred dollars, will meet with you for about an hour and go over your personal student credit situation and help you to come up with a plan for optimizing your student loan management plan from now until the time your loans are paid off or forgiven. They will help you to run the numbers to decide between the various strategies available to you. In addition to the consultation, for six months after your consultation you can email your consultant as many questions as you want about your student lend statu absolutely for free. All for one flat price.

Andrew Paulson and his young family

Who Will I Meet With?

Andrew Paulson is a student credit consultant who has been associated with The White Coat Investor to co-found StudentLoanAdvice.com. Andrew is young enough to know what it is like to have real student lends hanging over your heading, but knowledge enough to know his practice around the financial world. He has a master’s in record and has depleted his vocation in the financial world. Most importantly, he has completed the Certified Student Loan Professional( r) curriculum. This is the industry standard for fiscal advisors or tutors helping people with their student loan designs. He has already met with more student credit borrowers than the vast majority of CSLP( r) s out there. As StudentLoanAdvice.com grows, we expect other consultants to join the team.

What Do Andrew’s Clients Say?

A radiology occupant 😛 TAGEND

Andrew explained in one hour what I have been trying to figure out for a long time. This was far more effective and higher provide than any of the online financial modules my school thought would be helpful. My school should 100% be recommending White Coat Investor and StudentLoanAdvice.com to its students, and I hope they do so in the future.

I also admired Andrew’s friendly demeanor and ability in explain what could be complex topics in a way that my spouse and I understood. He is a great teacher, and it was especially helpful for us to see these concepts interpreted utilizing our own situation and actual loan amounts. It was eye-opening to run the actual quantities and realize just how much we can save from one plan to another!

A medical student 😛 TAGEND

Andrew was organized, seasonable, knowledgeable and extremely helpful–we give him 5 idols! He began by patiently listening to us and thoroughly reacting our questions. Its current session was educational and superseded our tensions surrounding present and future debt with reassurance and trust. Andrew helped us to map out future payment plan options tailored to our individual needs and aims. His response time was excellent and his email recap was extremely useful and easy to understand.

An optometrist 😛 TAGEND

I had a call with Andrew who was extremely versed and helpful with my student lends. I didn’t end up making any significant changes on my hope, but I feel huge having authorized it with the panel of experts! Andrew was an exceptional counselor! I’m going to recommend him every probability I get.

An orthodontist 😛 TAGEND

During the hour-long consultation with Andrew, he required clarity on my student credits and overall financial plan. He marched me through a thorough strategy detailing my refund options, the pros and cons of each and the best plan for my statu. The only thing I bid I could change would be to go back in time with the lore I have recently been and begin Income Driven Repayment at the beginnings of my residency. I most recommend StudentLoanAdvice.com to anyone who needs improve managing their student loans.

When Should I Meet with StudentLoanAdvice.com?

The ideal time for a student loan consultation is as you leave school, during the last part of your fourth time. However, better late than never. Even a mid-career doctor who has had student loans for a decade or more can benefit from a consultation. Most consumers are likely recent professionals school graduates or are currently been participating in post-graduate training programs.

What Does It Cost?

While we expect this work to be worth thousands, tens of thousands, or even hundreds of thousands of dollars to our readers, we thought it would be most fair and is easy to merely charge one flat rate for the service –$ 479.

That does you 😛 TAGEND

One hour consulted at Andrew to develop a personalized student lend intention A recap email including a copy of your customized plan, details about the schedule, and any supporting documentation 6 months worth of follow-up questions by email

Book an appointment with Andrew at StudentLoanAdvice.com Today !

What do you think? What questions do you have about StudentLoanAdvice.com? Comment below!

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