WCI #214: Will Student Loans Be Forgiven?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 10 June 2021
⏱️ 53 minutes
🧾️ Download transcript
Summary
Student loans have been on the back burner for the last year or so, as borrowers have enjoyed 0% interest on their federal loans. There has been lots of talk in Congress about loan forgiveness and what that could look like. With the break on interest scheduled to come to an end this Fall, student loans are about to come front and center. Being in this state of limbo leaves borrowers with hundreds of thousands of dollars in student loans unsure of how to manage their loans going forward. Refinance and risk losing 0% interest if President Biden extends the deal? Or risk missing out on any loan forgiveness Congress may pass? There is a lot to think about right now so we brought on Andrew Paulson, of StudentLoanAdvice.com, in this week's episode to discuss loan forgiveness, interest rates, refinancing, consolidating and other questions about managing your student loan debt.
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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 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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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code 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. |
| 0:18.0 | This White Code Investor Podcast number 214 will student loans be forgiven. |
| 0:23.0 | Welcome back to the podcast. I am super excited. |
| 0:27.0 | I had an email this morning that totally made my day. I'm not going to lie. It was pretty awesome. |
| 0:33.0 | Let me pull it up here on my computer and read it to you. |
| 0:38.0 | So I just finished listening to the latest milestones to Millionaires episode number 16. |
| 0:44.0 | I wanted to send a small email to thank you for what you were doing. |
| 0:47.0 | I was considering an audio but this feels a bit more comfortable. |
| 0:50.0 | I'm actually not a doctor nor is my spouse, but I'm a professional cyclist writing on Trek's Sega Frado. |
| 0:55.0 | I'm a married American. Even though a lot of things you teach do not apply to me, they do give me ideas, understanding and inspiration on how to manage my future. |
| 1:02.0 | The very overwhelming US tech system that as a non-American seems a little insane. I agree with you there. |
| 1:07.0 | There are quite a few similarities and professions that I've found and truly just wanted to say thank you for all the info you give out. |
| 1:13.0 | But the best part about this, this email is from Tom Scoynch, who is a Latvian cyclist. |
| 1:20.0 | He's basically the best Latvian cyclist, right? He's been the road race champion for Latvia. |
| 1:27.0 | This is a guy who's worn the Polkadot jersey for the best climber in the Tour de France. |
| 1:32.0 | He's gotten second on a stage in the Tour de France last year. I think it was stage eight. |
| 1:36.0 | Somebody I totally know, watch on TV, follow in the news. |
| 1:41.0 | And he sends me an email and says, hey, thanks for a great podcast. |
| 1:44.0 | Tom, you are awesome. Thanks for what you do. You're totally inspiring to me to watch you guys suffer on your bikes all day long and then do it again the next day, day after day after day. |
| 1:54.0 | So you're very welcome for any usefulness you found out of this podcast. |
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