4.9 • 2.3K Ratings
🗓️ 20 September 2021
⏱️ 12 minutes
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Jennifer did a 4 year residency, 3 year fellowship, 1 additional training year as a pediatric cardiac intensivist, and then no payments required due to the pandemic. This all made PSLF worked out really well for her, getting $246K forgiven. Learn more about PSLF and whether it is right for you. https://www.whitecoatinvestor.com/public-service-loan-forgiveness/
Our sponsor today is DLP Capital Partners, which provides private real estate funds on both the equity and debt side. Their funds provide solid returns and low correlation with your stocks and bonds. As evergreen funds, they are also far more liquid than most real estate funds. I have invested on both the equity and debt side and appreciate the fact that they don’t make money until I make money. Learn more about DLP at https://www.whitecoatinvestor.com/dlp
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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0:00.0 | This is the White Co-investor podcast, Milestones 2 Millionaire, |
0:04.5 | celebrating stories of success along the journey to financial freedom. |
0:09.0 | Here is your host, Dr. Jim Dolly. |
0:16.0 | This is Milestones 2 Millionaire, podcast number 32, |
0:18.9 | achieving public service loan forgiveness. |
0:21.6 | Our sponsor today is DLP Capital Partners, which provides private real estate funds on both |
0:26.4 | the equity and the debt side. Their funds provide solid returns and low correlation with your |
0:30.8 | stocks and bonds. As ever, green funds, they're also far more liquid than most real estate funds. |
0:35.7 | I've invested on both the equity and debt side with them and appreciate the fact that they don't |
0:39.7 | make money until I make money. They're more about DLP at whitecoatinvestor.com slash DLP. |
0:46.1 | All right, we've got a great guest today. We're going to be talking about public service |
0:49.0 | loan forgiveness. Let's get her online. All right, our guest today is Jen Gond, welcome to the |
0:55.2 | Milestones 2 Millionaire podcast. Thank you for having me. So how did you pay for your schooling? |
1:01.6 | So I paid for schooling almost entirely with student loans. I have a wife who was working at the time |
1:09.4 | and her salary was going to pay most of our living expenses. I was a non-traditional student. |
1:14.3 | I had worked for about eight years before I went to medical school. I started in that school |
1:18.4 | in my early 30s. And so we were kind of accustomed to having my salary to pay for our |
1:25.0 | housing. We owned a home in the district of Columbia. And so it was difficult for us to maintain |
1:30.5 | that same lifestyle without taking out student loans. So what did you end up owing when you got out? |
1:37.4 | I owed about $300,000 when I got out. 190 of that was federal and about 110 was in private loans. |
1:46.5 | Can you remember the first time you heard about public service loan forgiveness? |
1:50.5 | I remember, so I started medical school in 2006. And I remember hearing about it. I think shortly after |
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