Public Service Loan Forgiveness a "Loophole" for Med Graduates

matthius83 · Feb 21, 2012

http://www.fastweb.com/nfs/fastweb/static/PDFs/Med_school_loan_forgiveness_loophole.pdf

Wow, the tone of this article is pretty depressing for anyone hoping this program will be around for recent med school graduates. Although I have been skeptical for awhile that the government would repeal this before it starts forgiving loans in 2017, now I feel even more strongly that even if the program is still around, doctors will be excluded.

Doubtful the public will have any sympathy about closing this "loophole".

Green Grass · Feb 21, 2012

Interesting article. Basically states what we all have known for awhile now. None of us owns a crystal ball to see the future of the PSLF program, so really this is all speculation. Time will tell.

matthius83 · Feb 21, 2012

I realize it's just speculation, but I found it interesting because the author is an impartial financial aid expert who singled out that docs may be excluded. Hadn't read that before. I hope I'm wrong, but I just think people should understand that if they are banking on this program (i.e. maxing out loans, paying the minimum) they should have a high risk tolerance.

freaker · Feb 23, 2012

I wouldn't count on this loan repyament and am fully planning on it being gone.. This will be a political hot topic with essentially no depth, as are most such issues in Washginton.

A countervailing argument? School teachers earn just as much as physicians:

http://benbrownmd.wordpress.com/

Dharma · Feb 26, 2012

freaker said:
I wouldn't count on this loan repyament and am fully planning on it being gone.. This will be a political hot topic with essentially no depth, as are most such issues in Washginton.

A countervailing argument? School teachers earn just as much as physicians:

http://benbrownmd.wordpress.com/

Unless you've taught before it's tough to realize what teachers endure. Those who haven't done so have NO IDEA.

notbobtrustme · Mar 4, 2012

freaker said:
I wouldn't count on this loan repyament and am fully planning on it being gone.. This will be a political hot topic with essentially no depth, as are most such issues in Washginton.

A countervailing argument? School teachers earn just as much as physicians:

http://benbrownmd.wordpress.com/

Teachers don't drive Porsches or live in gated communities.

docmed2012 · Mar 4, 2012

This doesn't sound promising...just out of curiosity - when did the PSLF program start? How long has this been around? I know payments made after Oct 2007 count, but has it been around since then?

Dirt · Mar 5, 2012

docmed2012 said:
This doesn't sound promising...just out of curiosity - when did the PSLF program start? How long has this been around? I know payments made after Oct 2007 count, but has it been around since then?

Started in 2007, first payouts wouldn't be until 2017.

Public Service Loan Forgiveness a "Loophole" for Med Graduates

matthius83

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