MD & DO What to do with 20K loan

[Laito]

I just graduated med school only with 20K loan, after using my military benefit. I am going to to primary care specialty. What should I do with this loan? Should I just pay it off or are there any program that can help paying off? I'm very grateful that I have graduated with minimal loan, but being a nontraditional student with family, any financial support goes far. Any advice is appreciated!

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[ciestar]

If finances are a concern, do an income-based repayment plan during residency, paying it down more as you’re able.

 

[Oedipa Maas]

Does your school have a financial aid office? I would touch base with them. We were told to explore private refinancing (however this does eliminate the possibility of it being forgiven someday) if our loans were <100,000. For everyone else, they recommended consolidation and income based repayment plans with the option to apply for PSLF.

 

[y123]

20k is nothing. You can probably pay it off easily during residency