WCI #391: The Student Loan Roller Coaster

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 31 October 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”
A Tale Of Two Cities tells the story of a French doctor's 18 year imprisonment in the Bastille and today we borrow it's famous opening lines as Dickens so accurately and accidentally provides the perfect assessment of the current federal student loan landscape for American doctors facing what can feel like the 10 year imprisonment of Public Student Loan Forgiveness.

Certified Student Loan Professionals Tyler Scott and Andrew Paulson take a look at the current landscape to provide insights and considerations for those worried about the status of the SAVE plan, the upcoming election, and the myriad variables that underlie navigating federal student loans in the fall of 2024.

Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and $100/month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi
*Loans originated by SoFi Bank, N.A., NMLS 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.

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!

Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

Transcript

Click on a timestamp to play from that location

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.
0:06.1	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. Hello W.C. I'm still taking some time off to rest and recover from my accident.
0:20.0	But don't worry, I'll be back in a few weeks.
0:22.6	Until then, enjoy this episode from one of our friends of WCI.
0:27.0	All right, friends, happy Halloween.
0:29.0	My name's Tyler Scott. I am excited to be hosting again today while Jim continues to recover.
0:35.3	Great news, this is your last episode without Jim.
0:39.0	He's going to be back next time, so thanks for being patient with us.
0:42.4	Well, we've tried to keep the content going. Thanks for being patient with me. I'll ask for that again today
0:47.4	But we're excited to be here with Andrew Paulson, the head of student loan advice
0:52.8	to talk about the current state of the federal student loan program,
0:57.2	especially as it relates to this judicial quagmire
1:01.4	that the income-driven repayment plans are in and how that can affect all of us that are
1:06.9	pursuing public service loan forgiveness and other income-driven forgiveness options.
1:11.6	Andrew is a personal friend and one of my income-driven forgiveness options.
1:12.6	Andrew is a personal friend and one of my bosses
1:15.6	here in the WCI complex.
1:18.2	We just got back from a week together at Lake Powell
1:21.0	as part of the WCI retreat in southern Utah. We had a lot of fun wake surfing and
1:26.1	repelling and cliff jumping and relaxing as a team together. That was fun to be there.
1:32.4	Andrew also came through in the clutch as our
1:34.8	DJ on the top of the houseboat dance party. That was a good time. Yeah Megan kind
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.