Career and Life Planning Guidebook for Medical Residents

SIX ASPECTS EVERY RESIDENT SHOULD CONSIDER WITH DEBT FORGIVENESS PROGRAMS Due to the extremely high level of student debt that most physicians hold, many are eligible for several types of forbearance programs and debt reduction programs. The difficulty lies in choosing among them all. Truly, physicians have a wonderful opportunity to enroll in debt forgiveness programs. Later, I’ll ask you to think about and explore whether a loan forgiveness program maymake sense for you. Here are a few factors that you maywant to considerwhen lookingover thepossibilities: R E A D : Forgiveness Programs vs. Refinancing Manyresidentsslapthemselves intheheadcontinually trying to understand debt forgiveness programs and what they should (or should not) be doing. It can feel like a hamster wheel turning round and round and round with no end. In this chapter, we delve into debt forgiveness programs and lay out strategies for you to consider as you journey along your path. SECTION III: T MINUS ONE YEAR CAREER AND LIFE PLANNING GUIDEBOOK FOR MEDICAL RESIDENTS 368