How to Overcome Student Loans, Manage Debt, and Build Credit
Presented by Tim Fraticelli
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Nonfinancial: Tim Fraticelli has no competing nonfinancial interests or relationships with regard to the content presented in this course.
Student loan debt for medical providers continues to increase as programs become more expensive. Overcoming six-figure student loans can feel overwhelming to new medical professionals. Join this course and identify strategies to overcome student loans quickly, and review the current repayment programs available to borrowers, including income-driven repayment plans and the Public Service Loan Forgiveness Program. In addition to debt management, you will learn how to manage your credit report and identify ways to improve your credit score. These factors will tie into the final part of the course: calculations to consider when purchasing a home. You can print the sample student loan, credit checklist, and home buying worksheets at the end of the course. This is part 2 of a 3-course series on improving your financial health.
Meet your instructor
Tim Fraticelli
Tim Fraticelli received his doctorate in physical therapy (DPT) from Washington University in St. Louis and his MBA from Drury University. As a practicing physical therapist and CERTIFIED FINANCIAL PLANNER™ professional, he enjoys combining his expertise in these two professions to help others achieve their goals—whether…
Chapters & learning objectives
1. How to Pay Off Student Loans Faster
In this chapter, you will learn five strategies to pay off student loans faster. From the debt snowball method to student loan refinancing, you will learn key concepts to help you become debt-free quickly.
2. Understanding Repayment Plans and Student Loan Forgiveness
In this chapter, you will learn the most common student loan repayment options available to date. You will also learn about the popular PSLF Program and the eligibility requirements for loan forgiveness. The loan forgiveness case study will provide insight on the tax considerations for certain loan forgiveness plans.
3. Should I Refinance My Student Loans?
In this chapter, you will learn the pros and cons of refinancing student loans. Also included is a downloadable PDF of a sample financial plan for conquering student loans.
4. Understanding Credit Reports and How to Improve Credit Scores
In this chapter, you will learn how to review your credit report through the major credit bureaus. You will also learn what factors make up your credit score calculation and ways to improve your credit through actionable strategies you can implement right away. At the end of this chapter, you can download the credit score checklist template to use in your financial plan.
5. Buying or Renting a House: Careful Calculations
In this chapter, you will learn how to calculate the recommended debt maximums when purchasing a home. A sample home buying template and downloadable housing action plans are available for you to use in your financial plan.
