SAVE Plan Is Ending — What Comes Next for Student Loans?
Student loans for medical professionals are changing — and if you're planning to attend graduate school for healthcare, you need to understand what's happening before you borrow.
Between the end of the SAVE plan, the new RAP income-driven repayment plan, and potential federal loan borrowing limits, the financial landscape for future clinicians is shifting quickly.
In this episode of The Millionaires in Medicine Show, I sit down with Kaitlin Hile — a clinical pharmacy specialist trained in federal student loan strategy — to talk through the biggest student loan changes impacting future healthcare professionals.
We discuss how to think about your debt-to-income ratio before you even start school, how to compare the real cost of graduate programs, and why these early decisions can affect your financial life for decades.
We also break down what’s happening with the SAVE plan, how the new RAP income-driven repayment plan will work, and why new federal borrowing limits could significantly impact future medical professionals pursuing advanced degrees.
If you're applying to graduate school in healthcare — whether that's PA, NP, pharmacy, or another medical profession — this conversation will help you understand the financial side of the decision before the debt begins.
🎧 LISTEN TO THE PODCAST
👉 The Millionaires in Medicine Show — Episode 7: https://podcasts.apple.com/us/podcast...
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⏱ TIMESTAMPS
01:41 — Should you refinance federal loans to private?
02:36 — Why a 5-year payoff plan can backfire
05:41 — Investing vs paying off student loans
09:14 — Opportunity cost of aggressive repayment
10:47 — SAVE plan changes + RAP plan overview
11:54 — Who should consider the RAP plan
18:00 — How to check your repayment plan
20:00 — PSLF vs taxable loan forgiveness explained
22:59 — How to check if your employer qualifies for PSLF
25:21 — Is PSLF still safe?
27:51 — Biggest risks when pursuing PSLF
29:25 — Debt-to-income ratio & why it matters
🏷 HASHTAGS
#MillionairesInMedicine
#StudentLoans
#HealthcareCareers
#MedicalProfessionals
#FinancialFreedom
#PSLF
#GraduateSchool