What to know about student loan forgiveness for doctors Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. If you have hefty medical school debt, you might be eligible for student loan forgiveness for doctors. Learn more about the different forgiveness options. (Shutterstock) Becoming a doctor involves many years of school and, as a result, hundreds of thousands of dollars in educational expenses. The typical doctor graduates with an average debt of $250,222 for public universities and $330,180 for private schools, according to the American Association of Medical Colleges. And with 73% of new doctors utilizing loans to pay for their education, that's a lot of providers walking around with six-figure debt. Paying off that much debt - whether it's $200,000 or $400,000 - can feel daunting and could take decades. But if you're eligible, you may be able to take advantage of student loan forgiveness for doctors. Learn more about the various loan forgiveness programs. Federal student loan forgiveness programs National student loan forgiveness programs for doctors State-specific student loan forgiveness programs U.S. military repayment programs for medical loans Consider refinancing your medical school loans Federal student loan forgiveness programs If you took out federal student loans to pay for medical school, you s in some cases. These programs allow you to have some or all of your student loan debt forgiven, rather than needing to repay the entire debt to the lender. Public Service Loan Forgiveness The U.S. Department of Education offers the Public Service Loan Forgiveness program, or PSLF, to eligible borrowers with Direct Loans. You may be eligible for forgiveness if you're
What to know about student loan forgiveness for doctors
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own.
If you have hefty medical school debt, you might be eligible for student loan forgiveness for doctors. Learn more about the different forgiveness options. (Shutterstock)
Becoming a doctor involves many years of school and, as a result, hundreds of thousands of dollars in educational expenses. The typical doctor graduates with an average debt of $250,222 for public universities and $330,180 for private schools, according to the American Association of Medical Colleges. And with 73% of new doctors utilizing loans to pay for their education, that’s a lot of providers walking around with six-figure debt.
