WCI #176: A Public Service Loan Forgiveness Success Story
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 17 September 2020
⏱️ 41 minutes
🧾️ Download transcript
Summary
I have been asked for several years if any doctors have received public service loan forgiveness. Public Service Loan Forgiveness first became available in 2007. Since it is a ten year program, the first eligible recipients would be in 2017 but for various reasons a lot of people aren't going to be eligible for it until 2021-2023. Mostly because the program was not very well known when it first came out, as the doctor will mention in this episode. But I am excited to bring two special guests on the podcast today. I have been waiting to have guests like this on for three years. In this episode I interview Mariko and Dan about their experience working through the PSLF program for ten years and their recent success of receiving forgiveness. We talk about their experience with the phone calls, documentation, and time they put into fixing all the mistakes made by their student loan servicers. They share tips for those following in their footsteps. If you are thinking about going for PSLF or are currently working towards it, this is a must listen to episode. For the rest of you, we answer a couple of listener questions at the end about preferred stocks and Roth vs Traditional 401(k) contributions.
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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 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 is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here is your host, Dr. Jim Dolly. |
| 0:15.0 | This is White Coat Investor Podcast number 176, a success story with Public service loan forgiveness. We're recording this, let's see, it's |
| 0:26.0 | August 25th. We're going to run this on September 17th, so if anything and it sounds a little |
| 0:30.3 | bit dated, that's why. Sometimes when I go on trips, I got to record episodes a little bit dated that's why sometimes when I go on trips I got to record |
| 0:34.0 | episodes a little bit early and that's just what happens. We've been having a great |
| 0:38.8 | time this summer with the family you know it's interesting with this coronavirus pandemic. |
| 0:44.0 | It doesn't really keep me from doing a lot of the stuff I want to do. |
| 0:47.5 | You can still go backpacking and rafting and rock climbing and canyoneering and boating |
| 0:52.0 | because all of those are safe activities. |
| 0:54.0 | Unfortunately it keeps us from doing a lot of things my wife wants to do which is like |
| 0:58.0 | going out to restaurants, going to see plays, traveling internationally, etc. |
| 1:02.0 | And so it's been a little bit more of a rough summer on her than it has. plays, traveling internationally, etc. |
| 1:02.6 | And so it's been a little bit more of a rough summer |
| 1:04.4 | on her than it has been on me. |
| 1:06.0 | I hope all of you are weathering this OK, |
| 1:08.2 | especially with kids getting back into school |
| 1:11.4 | the last few weeks. |
| 1:13.4 | As a white coat, you have valuable knowledge. |
| 1:15.5 | Various companies want that knowledge |
| 1:17.4 | and they're willing to pay you for it. |
... |
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