EP 100: Earn Too Much To Have Your Student Loans Cancelled? Look Again!

One of Biden’s campaign pledges was to provide student loan relief. Well that day has appeared to come… at least to some degree. Based on the overview of Biden’s three-part plan, most ER Docs won’t benefit because of income that surpasses the thresholds. While that may be true in some cases, digging into the details presents potentially a different story.

On this episode, we get into how there is actually tremendous opportunity here for many ER Docs, even those with high income. So don’t rule yourself out just yet.

Topics Discussed:     
  • Who will not receive forgiveness on their student loan debts.
  • How much your income needs to be in order to receive student loan relief.
  • What constitutes income for the purposes of the threshold.
  • What AGI is and what it is used for.
  • How to avoid leaving the government a tip.
  • How these changes could impact ER Docs.
Resources Mentioned:

Tags

planning, financial planning, ER doctor, doctors, finances, student loan,