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- Jul 31, 2014
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Just curious if residents could give feedback regarding loan repayment options and which ones are realistic during residency and into your career as an Ortho Attending or in private practice.
You can defer your loans throughout all of residency and fellowship.This loan repayment stuff is nuts. Forbearance. Deferment. It means you still have a ton of debt. Don't understand why we're not eligible for deferment as a resident. No one is really making money yet. How can anyone pay? I like the idea of refinancing to a lower interest rate. It's not something I'd thought about.
If you go this route however, you are not eligible for IBR, PAYE, REPAYE, or any of the other graduated payment systems offered by the federal government, and you're also no longer eligible for loan forgiveness after 10 years (probably wouldn't qualify for this anyways, unless you go into peds ortho, and know you want to work at a larger children's hospital -- you need to be working for a non-profit hospital to qualify for loan forgiveness)