Getting Your PSLF Ducks In A Row

<p>Are you still curious about student loans? Wondering what you need to prepare and apply for Public Service Loan Forgiveness (PSLF)? It&rsquo;s not as straightforward as you might think, so get all your ducks in a row.</p> <p>In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP&reg;), about starting and progressing through the PSLF process.&nbsp;</p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>Forbearance: What payment plans count for PSLF, but not COVID or others?</li> <li>4 Income-driven Repayment Plans: <ul> <li>Pay As You Earn (PAYE)</li> <li>Revised Pay As You Earn (REPAYE)</li> <li>Income-Based Repayment (IBR)</li> <li>Income-Contingent Repayment (ICR)</li> </ul> </li> <li>6-Month Grace Period: Default option for most loan types</li> <li>Golden Ticket: After med school graduation, no income equals zero repayment</li> <li>Strategies: Skip grace period - the more low-cost payments made, the better</li> <li>Nonprofits: Verify payments and work for employer with PSLF certification</li> <li>Additional Complications: Fed Loans (PSLF loan servicer) is leaving business</li> <li>Loan Types: Make sure you have direct loans, or consolidate some of them</li> <li>Timing: How to optimize PSLF and when to file tax returns with income evidence</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://wrennefinancial.com/pslf/">A Guide to Public Service Loan Forgiveness (PSLF)</a></p> <p><a href="https://financeforphysicians.co/2020/09/15/9-biggest-student-loan-misconceptions/">9 Biggest Student Loan Misconceptions</a></p> <p><a href="https://financeforphysicians.co/2020/09/23/should-i-drop-out-of-pslf-2/">Should I Drop Out of PSLF</a></p> <p><a href="https://financeforphysicians.co/2021/02/04/avoid-leaving-money-on-the-table-with-federal-student-loans/">Avoid Leaving Money on the Table with PSLF</a></p> <p><a href="https://financeforphysicians.co/2020/10/15/why-federal-student-loans-are-a-gre