Ep. 115: Malcolm is a doctor and is about to get paid

M$D: 4/14/2051

Meet Malcolm

Age: 28

Malcolm’s main concerns, in his words:

I’m a little over a year out of medical school, doing a three year residency training program. I have about $312,000 in student debt, and make about $50,000 a year until I graduate in about two years, at which point I will make between $200,000 and $250,000 per year. My girlfriend is a graphic designer without student debt, making about $55,000 per year. I’ve heard a lot about the Public Service Loan Forgiveness program, and a lot of my colleagues are banking on it, but I’m afraid there will be some big restrictions on it by the time I’d be eligible to take advantage of it. I’m considering paying the minimums until I graduate, then paying ~$6,000 per month to get rid of it in a few years, but don’t know if it makes sense to be that aggressive.

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