Physician assistant student loans

Physician assistant student loans can help you finance your education and start your career. Learn how to pay for PA school. physician assistant (PA) students to improve education, recruitment, and educational debt from prior to entering the PA program.

Debt From Attending Physician assistant student loans School by Race

Debt From Attending PA School by Race

Debt From Attending Physician assistant student loans School by Parental Level of Education

Debt From Attending PA School by Parental Level of Education

We recently had a case study for a physician assistant, Brian, who was getting married to his new wife Abby, and Brian was making about $110,000 or so with about a $195,000 of student loan debt. And he loved his job, Brian had no intention of changing it, he was working in a private practice setting and he was using the IBR program.

And the issue was that the IBR program was going to result in him paying off his student loans, his $195,000 of student debt, in a relatively quick amount of time in about twelve years. Abby was making about $70,000 a year and when they got married they could file their taxes separately and continue on IBR but then Brian would have to pay a lot in tax penalties.

Or they could switch to the Revised Pay As You Earn Program. Well the problem with that, is that the Revised Pay As You Earn Program would have just resulted in them paying the loan mostly off over an even more extended period of time. So this really didn’t result in Brian having a lot of savings by using the government program.

Instead, it made a lot more sense for Brian to refinance his student loan down from a 6.5% rate to about 5%. This will allow him to save thousands of dollars by paying back his loan with the lower interest cost that he’ll incur.

So even though it’s a little painful, this is showing a perfect illustration of our two big approaches to student debt. You either want to be as aggressive as possible or as passive as possible paying back your loans. In the aggressive scenario, you want to try to find every dollar available to pay back your debt as fast as possible and refinancing whenever you can find a lower interest rate, picking up cashback bonuses along the way.

And the passive scenario is you’re using something like PSLF or you’re using loan forgiveness with the government because the math makes sense to minimize your payments and get the most forgiven. This is a great scenario for other physician assistants out there that are thinking about how they would pay back their student debt.

In general, if you have a household debt to income ratio below 1.5 to 1, and you’re working in the private sector then you do want to refinance your student loan debt and just get rid of it.

If you happen to have a debt to income ratio over 2 to 1, then maybe you should go for a forgiveness approach. Try to maximize retirement and minimize your student loan payments. We make custom plans for PAs who have a lot of student loan debt.

Physician assistant loan repayment jobs

Here are some physician assistant loan waiver and loan repayment support options you may qualify for.
Amery Corps.
U.S. Public Health Services Commission Corps.
IHS Payment Program.
Opportunity to repay health profession loans and other military repayments.
National Health Service Corps (NHSC)

Fully funded physician assistant(PA) programs

Physician assistant loan forgiveness covid

National guard physician assistant loan repayment

This national program is available to physician assistants, among other professions. The Public Service Loan Forgiveness (PSLF) program. If you do need federal and private student loans, they are always an option to fund your physician assistant program.

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