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Save Money Today on Your Student Loans


Graduating from medical school is an incredible achievement. Right around now, if you’ve just graduated, you should be celebrating.

But if you find yourself worrying instead—specifically about your student loan payments and how you’re going to deal with them on a resident’s salary—that’s totally understandable.

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You ever get the sense that this "adulting" thing never really gets easier? 

When we were kids, we thought (I mean, I thought) that being an adult meant eating Lucky Charms for dinner and staying up as late as I wanted and never having homework.

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Hey, I know that look. 

It's the face of someone who's been diligently making their student loan payments every month and just realized they don't owe any less than when they started.

It was the panic-filled rage that gave it away—plus the tears. 

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For Sarah Pool from Staunton, Virginia, the investment in grad school hasn't quite panned out yet. In fact, far from it.

Pool graduated from Mary Baldwin University with a Master’s degree in education—and $60,000 in student debt. In the three years since she graduated, she’s never missed a payment. Even so, her debt has increased to $69,000.

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If owning a house is a big part of your idea of success, you’re not alone. For decades, homeownership has been sold to us as an important part of the American dream. We’re all supposed to want one.

But these days, buying a house isn’t as easy as it once was. And it’s not always such a great deal, either. Here are some myths we’ve been fed that may not be true across the board anymore, if they ever were.

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If you just graduated medical school and are already stressing out over your loans, you’re not alone. Approximately 83% of newly-minted doctors graduate with more than $100,000 in debt. A lot more. The average graduate carries about $192,000 in student loans.

If you’re carrying that level of debt, you might assume you’ll be paying it off well into retirement. But, believe it or not, it doesn't have to be that way. Here are a few ways doctors get rid of their student loans fast—sometimes in as little as a few years.

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