I am a physical therapist and my student loans are about to start collecting interest and I am looking for guidance on what plans would be best for me overall to payback my loans and seeing if you guys could help/rates for a meeting would be?
No question, answer, or discussion of any kind facilitated on this site is confidential or constitutes financial or legal advice. Questions answered are selected based on general consumer interest, and not all are addressed. Questions and answers may be displayed online and archived by Wealthtender. To make Wealthtender free for readers, we earn money from advertisers, including financial professionals and firms that pay to be featured. This creates a conflict of interest when we favor their promotion over others. Wealthtender is not a client of these financial services providers. Learn more.
You are correct the Department of Education announced that on 1 August those borrowers that are enrolled in the SAVE repayment plan will start being charged interest on their loans. This coupled with the recent repayment plan changes that were passed in the Big Beautiful Bill could make switching to another repayment plan a good move. This depends on a number of factors and your goals for paying off your loans and whether you have the funds to make the payments.
I help assess their options for their student loans based on their specific situation. You can schedule an introductory call with me here