For Anyone Considering GL Advisers

[DarkHorse22]

http://news.vin.com/VINNews.aspx?articleId=35815

http://www.fbi.gov/boston/press-rel...al-fund-manager-charged-with-securities-fraud

I know there are posts in the Financial Aid Forum on this. Just wanted to keep everyone in the loop here.

Anyone use other student loan advisers? Recommendations?

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[TooMuchResearch]

http://news.vin.com/VINNews.aspx?articleId=35815

http://www.fbi.gov/boston/press-rel...al-fund-manager-charged-with-securities-fraud

I know there are posts in the Financial Aid Forum on this. Just wanted to keep everyone in the loop here.

Anyone use other student loan advisers? Recommendations?

What advising do you need regarding student loans?

 

[DarkHorse22]

IBR vs. PAYE vs. ICR and applications for the public service loan forgiveness program.

The Federal Govt isnt exactly known for being simple, especially when they are forgiving outstanding debt (if you even trust that the PSLF program will exist in 10 years). I admittedly need to read about all the options more. Could I do it myself? Probably. Is it worth spending a little money to never have to worry/think about it getting done? You tell me.

Even The White Coat Investor had positive things to say about GL Advisor
http://whitecoatinvestor.com/gl-advisors-a-review/

 

[The White Coat Investor]

Although, to be clear, that was before their president was found to be embezzling money from one of their funds. That's not THAT big of an issue for most using their services (since they were just using them for student loan advice and tax prep rather than investing in the fund which I never recommended) but the fact that all the employees left after they found out severely affected their operations/customer service.

There are other student loan advisors out there. I'm not sure how much I'd be willing to pay for that service though. Certainly screwing it up can cost you thousands, but it's not that hard to avoid screwing it up.
1) Avoid taking out as many loans as possible
2) Upon med school graduation enroll in PAYE.
3) At end of residency, choose between PSLF and loan refinance.
4) Live like a resident for 2-5 years after residency graduation.

There's not much else there unless you have a particularly complicated situation. Even the whole married filing joint vs married filing separately issue can be solved in 3 minutes with Turbotax.

 

[dotcb]

They gave a presentation in my residency on IBR and PSLF. I actually paid for and used their services for < 2 years until I realized that IBR is not feasible with an EM attending salary, and they were just completing paperwork that I could complete myself. They were growing into a wealth management company, which I wasn't interested in.