Hi everyone,
I am graduating with about 575k in loans and starting residency in Family Medicine this July. I have tried to do my research and reach out to my school for advice but haven't really received any advice regarding this. If someone who is knowledgable on how to best approach loan repayment can provide some insight to this post I, as well as the thousands of 4th year med students would be eternally grateful.
I filed my taxes for 2025 and had a tax basis of $0. (I did take a LOA and so not all my loans are eligible for the grace period (6 months)).
I am planning to do PSLF for my loans (this is not set in stone but seeing my loan amount it seems like the "right thing to do".)
Should I consolidate my loans? If so, when? Do I need to consolidate in order to sign up for RAP?
If i sign up for PSLF and an IDR such as RAP now, will I have a $0 payment and still have it count as the 120 payments towards PSLF?
Are we allowed to consolidate loans and sign up for a repayment plan prior to graduation or in June, prior to starting Residency?
Thank you in advance! If there is somewhere I can find these answers please do let us know!
Sincerely,
A tired and stressed med student.