Last week, the U.S. Department of Education announced some major changes to the rules and qualifications around the Public Service Loan Forgiveness (PSLF) Program. Now, for a limited period of time, borrowers may receive credit for past payments made on loans that would otherwise not qualify for PSLF.
First, let’s take a look at what has not changed:
In this special episode of the Prosperous Doc® Podcast, Will Koster, CFP®, walks you through student loans and recent updates to the Public Service Loan Forgiveness program.
He helps make sense of how the recent changes might apply to you, this is an episode you don’t want to miss if you have outstanding student loans.
It is clear that the student loan world is changing rapidly. The Spaugh Dameron Tenny team will continue to monitor the announcements from the Department of Education and help you understand how the changes may affect your situation. Please reach out to your trusted advisor with any questions.
Will Koster is a financial planner with Spaugh Dameron Tenny. The experience of losing his father as a teenager helped Will find his calling in financial planning. He has a passion for working with dentists and physicians, helping them navigate their unique wealth creation journeys. In addition, Will has become the in-house expert on student loans after completing the Certified Student Loan Professional® training.
For over 50 years, Spaugh Dameron Tenny has provided comprehensive financial planning for physicians and dentists across the U.S. In addition to providing personalized advice, we walk our clients through their options to help maximize finances and maintain financial security.
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