Save Big with the SAVE Plan: Essential Student Loan Tips for Physicians 💡

In this in-depth video, Daniel Wrenne, a financial advisor specializing in physician finances, and Jeff Wenger discuss the new student loan repayment plan introduced in the summer of 2023, known as the SAVE plan (S.A.V.E.). This plan offers significant benefits and is set to be the lowest payment option for most individuals. Learn about the unique features of the SAVE plan, including how payments are calculated, income separation, no payment cap, its compatibility with PSLF, and the impressive interest subsidy. Discover how it can be forgiven after 25 years or even 10 years for some borrowers. Get a clear understanding of whether this plan is right for you and explore strategies to make the most of it.

Timestamps:

0:00 Introduction
0:30 Introduction to the SAVE Plan
1:15 The Key Advantage: Lower Payments
2:10 Income Separation Benefit
2:45 No Payment Cap: Pros and Cons
3:30 Interest Subsidy Explained
4:15 Forgiveness After 25 Years
4:50 Special Forgiveness for Borrowers with Less Debt
5:30 Weighing the Pros and Cons
6:00 Strategies for Maximizing the SAVE Plan
7:00 Conclusion and Next Steps

Links:

Connect with me on my LinkedIn - https://www.linkedin.com/in/danielwrenne/

Contact Finance for Physicians - https://financeforphysicians.co/contact/

Finance for Physicians - http://financeforphysicians.co/

To schedule a call with one of our awesome planners, book HERE - https://go.oncehub.com/meetWFP