Your next loan payment is due in 2023. The bad news is the repayment restart is right around the corner. The good news is you still have time to make choices that can save you money and unnecessary stress.
Most veterinarians have the opportunity to lower the cost of their student debt by tens of thousands of dollars. Take two associates, Megan and Sarah. Both graduated in 2021 with the same amount of debt and work for the same employer. By making informed choices, Megan saves tens of thousands of dollars over the life of her loans compared to Sarah.
This is the first in a series of blogs that reveal how Megan the associate gains confidence and peace of mind by getting crystal clear on how to manage her student loans.
Many veterinarians tell me they feel trapped by their debt. It’s understandable to feel trapped when you make loan payments and see your debt balance go higher. Student loans may also feel like a trap to those facing their very first payment in 2023 and wondering how they got into this mess.
Vets tell me they’re searching for peace of mind. There’s a lot of misinformation and black-and-white thinking about veterinary student debt. For instance, you may have heard that leading a frugal life is the best solution or that a tax bomb is waiting to explode your future finances. We’ll talk numbers soon enough. Just know that numbers alone can’t predict the best student loan repayment strategy for you.
Sabadoodle’s mission is to help veterinarians focus on the things they can actually control and filter out all the noise. Megan’s story reveals universal principles that could allow you to repurpose thousands of dollars that would normally go toward your student loan payments.
Student loans can be mind-numbingly complex and if you feel overwhelmed at times, just know that you don’t have to go it alone.
Everyone’s financial profile is different and the “best” solution can vary quite a bit from one person to another. The Sabadoodle process focuses on your unique profile and helps you work the rules to your advantage. By doing so, you will be able to make informed decisions, reduce stress, and redirect attention to more meaningful areas of your life!