Doctored Money Blog

New Student Loan Scenarios

Here is the brief summary: we now have a page which recommends a specific loan repayment plan based on your demographic information. Look up your demographics and suggested loan repayment plan here.  

The longer, much more meaningful explanation of this update is as follows:


First off, we want to be explicit that our goal here at DOCTORED MONEY is to be the premier resource for education on financial topics which affect physicians, future physicians, and everyone in between. We will always strive to update, rework, reword and add to the information we bring you so that it is not only informative and unbiased but is also digestible in the time period you have to devote to financial literacy.  

We believe the existing materials on our Student Debt page conform to these three standards (informative, unbiased, and digestible) but we have reason to believe that not all of our many fans agree with us. Much of the feedback we received when we launched the site was that people thought it looked "awesome" and "very professional" but that people were planning on coming back to look at the learning materials later "when [they] have more time." We admit it's nice to have our egos stroked and we enjoy when people call the things we make pretty. But that isn't the point of the site! The point of the site is to help you get a grip on your financial situation and come out feeling less anxious with that "go get 'em" attitude you need to live your life. We want the site to be the proverbial "slap on the butt" you need as you walk back up to the pitching mound; or if baseball metaphors aren't your thing: the quick protein bar and caffeinated beverage you need to get through the next 20 hours of your Whipple procedure.

We digress, but our point is this: everything we put up on our site is meant to be helpful, not "when you have time" but right now! We know you don't have 10 hours to sit down and read through financial material (although we do feel like you owe it to yourself to study up a little); everything on the site can be read, digested and learned from in just a few minutes. Each Prezi presentation can be looked through in 10 mins or less. The W-4 page is arranged in increasing levels of complexity so that you can get the basic info you need up front and come back for additional increments to read more (maybe as you wait for the shuttle or train or whatever else you have to wait for in your life). And if you need to rush off to an emergency before you finish, that's no problem, run off and save the world and come back later to finish. And the last part of our rant is this: it all works on mobile! You don't have to be sitting at your desk, just whip out your million dollar smart gadget and head on over to and get started. It is definitely a better time investment than browsing Instagram (unless you are looking at the @dailystoic posts, those are deep).

So now that we have stressed the digestibility of all our resources, let me introduce to you our latest resource that attempts to reach those of you who are extra crunched on time: Loan Scenarios.  

The way this page works is simple. We have created example loan scenarios that apply to people with specific demographics/scenarios. You need to go through and see which set of demographics most closely matches your situation and read the advice that follows. We will give you the repayment plan that will best help you in the long run as well as our rationale behind that advice, some budgeting things to consider, and potential pitfalls of that plan. It also includes an example of the loan balances, payments, and loans forgiveness withg PSLF after 10 years. 


We really want to stress that understanding your loans and making informed decisions about them is immensely important. We believe these sample loan scenarios give good advice, but how can you know that's true if you don't research it out yourself? Relying on advice like this without studying it out to make sure it matches your situation can have disastrous results in some instances. That being said, if you really have no time, and just need to pick a repayment plan before you are automatically enrolled in the standard 10 year plan, go check out the loans scenarios. But please, come back later and go through the presentations on student loans and educate yourself. You won't regret it.

P.S. We know that the current loan scenarios we have provided currently only includes one scenario. But,  it is the most common situation and we thought it would be better to get that out now to benefit the majority, rather than waiting for every possible scenario  (there are dozens!) to be finished. If your situation is drastically different, send us an email and we can discuss what we think you should do. 


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