Practice on Purpose | Episode 2
Mastering Student Loans with Zach Geist
Welcome to Practice on Purpose, where physicians can explore how to set up their career on purpose from the very beginning to stay connected to their purpose for their entire career. Today, we’re diving into the complex world of student loans with Zach Geist from Student Loan Tutor. Zach shares his unique insights on managing student loan repayment, offering strategies that can transform how you perceive and handle your debt. In this episode, Zach discusses how he found his calling in helping others navigate the burdens of student loans, the importance of aligning your career with your purpose, and the financial freedom that comes from understanding and managing your loans effectively. We also touch on the nuances of federal student loans, the concept of effective interest rates, and the remarkable benefits of income-driven repayment plans. Whether you’re a premed student, a medical resident, or a practicing physician, this episode offers invaluable advice on how to handle student loans in a way that supports your career and life goals. Don’t miss out on this enlightening conversation that could change your financial future.
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Chapters
- 0:00:05 – Practice on purpose helps physicians set up their career on purpose (intro).
- 0:00:42 – Zach Geist from student loan tutor joins us today.
- 0:01:19 – Zach is passionate about aligning one’s purpose with one’s calling.
- 0:03:11 – One thing I’d like to share is my own story about student loans.
- 0:09:05 – Many of our clients have negative interest rates on their student loans.
- 0:15:22 – A lot of people make the confusion that their loan servicer is changing.
- 0:21:02 – Premed college students should not be thinking about student loan debt.
- 0:27:51 – Few people get to have experience repaying their student loans.
- 0:33:44 – If you’re in a position to choose between loan repayment and loan forgiveness…
- 0:38:48 – The vast majority of people are able to get help with student loans.
- 0:42:06 – Under the Biden administration, student loans were forgiven completely.
- 0:44:26 – Your greatest passion and purpose is connecting with the sacred.
- 0:46:54 – This episode gives people a new perspective on student loans and career planning (outro).