Simplify Your Student Loan Repayments: What Physicians Need to Know
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Managing multiple student loans can be overwhelming, but consolidation or refinancing might help. If you have federal loans, consolidating them into a Direct Loan could simplify your payments and make you eligible for programs like Public Service Loan Forgiveness.
However, you might lose individual benefits of each loan and could pay more over time. Refinancing is another option that works for both federal and private loans, potentially lowering your interest rate or monthly payments, but it also comes with trade-offs like losing federal protections. Weigh your options carefully to find the best fit for your financial goals. Read the full article to explore these options further.
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