fasadon
New Member
- Joined
- Apr 20, 2023
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Starting residency and considering immediate direct consolidation loan to get in extra $0 pslf payments. Will lose my grace on Perkins and subsidized loans if so which will cost me $500 in interest if I choose to exit pslf after residency. Sure it's chump change, but that makes this question worth $500.
I'm $190k in debt and $112k in pslf eligible. Pslf will save me ~$50k in 2027 USD, which comes out to <$10k/yr. Considering this, I probably will be quick to jump ship for a higher pay more enjoyable position that's not 501c3 if that's what is available. Biden's "new repaye" plan will rid me of interest accruing likely from July 2024 - July 2028 considering it doesn't vastly change before implementation.
Only issue is, I am clueless on what % of jobs offers are pslf eligible. I think I like OP/consult mix with a later career return to academia and will pursue FI but not fully retire, but interest will probably change through residency and beyond.
Therefore, I'm curious of the odds I stick to a 30+ hr job(s) that is pslf eligible in 4-5 yrs across the spectrum in psychiatry when considering the Midwest, West Coast, or Carolinas. Thoughts from early career psychiatrists?
I'm $190k in debt and $112k in pslf eligible. Pslf will save me ~$50k in 2027 USD, which comes out to <$10k/yr. Considering this, I probably will be quick to jump ship for a higher pay more enjoyable position that's not 501c3 if that's what is available. Biden's "new repaye" plan will rid me of interest accruing likely from July 2024 - July 2028 considering it doesn't vastly change before implementation.
Only issue is, I am clueless on what % of jobs offers are pslf eligible. I think I like OP/consult mix with a later career return to academia and will pursue FI but not fully retire, but interest will probably change through residency and beyond.
Therefore, I'm curious of the odds I stick to a 30+ hr job(s) that is pslf eligible in 4-5 yrs across the spectrum in psychiatry when considering the Midwest, West Coast, or Carolinas. Thoughts from early career psychiatrists?