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Refinanced from 6.8 to 2.7%. Process was incredibly easy. Did most of it Sunday morning at 7am holding a sleeping baby.
Are these still considered student loans (i.e. Is the interest tax-deductible) and are these loans looked at the same as other education loans for things like home loans?
Are these still considered student loans (i.e. Is the interest tax-deductible) and are these loans looked at the same as other education loans for things like home loans?
Unless you get a really ****ty paying job i guessYou'll only get this deduction for the years you are a resident. They fade out quickly once you get your attending job.
Refinanced from 6.8 to 2.7%. Process was incredibly easy. Did most of it Sunday morning at 7am holding a sleeping baby.
Unless you are expecting to utilize PSLF, is there any reason not to go this route? Once in residency, my 5.8% federal loans will start to accumulate nearly $20K in interest per year...
Death and catastrophic disabilty both get your government loans forgiven. Temporary and partial (not sure how tightly defined, but just because you can't work as a doctor anymore doesn't mean your loans get forgiven) does not.The short answer is no. This route is probably the best if you are not utilizing PLSF, especially if your interest rates are that high.
There is one remote possibility to consider, and I could be wrong, but, I am pretty sure that student loans are forgiven on death if you had no co-signer.
Private loans are not. So, if you were to die, your debt still remains and they might try to go after whoever is connected to you at the time of your death, such as your spouse in a community property state.
However, the above doesn't matter as long as you carry enough life insurance to pay off your loans in the event you were to die.
Moral of the story: You need life insurance. Get cheap term life insurance for $1-3 million depending primarily on your family size.
-Sensei
Death and catastrophic disabilty both get your government loans forgiven. Temporary and partial (not sure how tightly defined, but just because you can't work as a doctor anymore doesn't mean your loans get forgiven) does not.
Amazing. Almost too good to be true. How are these banks making money by charging rates lower than inflation?
Amazing. Almost too good to be true. How are these banks making money by charging rates lower than inflation?
Anyone with knowledge on sofi being eligible for military loan repayment? @notdeadyet ? @The White Coat Investor ?
(specifically the hplrp through the guard)
Yeah dpmd caught my drift. My question is if military education loan repayments recognize sofi as a "qualified loan"Not sure what you mean. You mean getting you out of your military commitment? Good luck with that.
Yeah dpmd caught my drift. My question is if military education loan repayments recognize sofi as a "qualified loan"
Hi WCI, I live in a state where Sofi does not offer any business. I ended up refinaced my student loans with Cordia Grad, aka Purify. Do you know if my loans are still considered Student loans? Let's say hypotherically in 3 years the fed decide to pass a law that forgive student loans. Would my loans be qualified for that?Oh. Yes. They're still student loans.
As noted above, SoFi is a recognized financial institution and you took out the loan to study medicine. It qualifies.
Yes. they are still student loans.Hi WCI, I live in a state where Sofi does not offer any business. I ended up refinaced my student loans with Cordia Grad, aka Purify. Do you know if my loans are still considered Student loans? Let's say hypotherically in 3 years the fed decide to pass a law that forgive student loans. Would my loans be qualified for that?