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If you're talking about the Biden administration's student loan forgiveness plan, I think you've been a bit misled about the "lawyers/doctors" part - you have t
by 1986 4y ago
If you're talking about the Biden administration's student loan forgiveness plan, I think you've been a bit misled about the "lawyers/doctors" part - you have to be making under $125k/yr ($250k/yr if filing as married) to qualify for forgiveness, and the vast majority of eligible loans are undergraduate, not graduate. So it would likely be extremely rare for well-paid doctors or lawyers to have their loans forgiven through this program - unless they were working in lower-paid positions (think rural doctor or public defender - arguably exactly the type of roles we should aim to encourage people into with programs like this!)
- ar_lan 4y agoThank you for this information! I did not know this caveat. I completely agree, some folks drastically benefit from this (in a needed way), and I feel no envy or upset towards them. It looks like my thoughts were misguided.
- minhazm 4y ago> unless they were working in lower-paid positions (think rural doctor Fun fact: rural doctors actually make more than city/urban doctors usually. [1] https://dailyyonder.com/pay-is-higher-for-rural-physicians-new-england-journal-article-says/2020/02/11/ https://dailyyonder.com/pay-is-higher-for-rural-physicians-n... [2] https://www.fiercehealthcare.com/practices/primary-care-docs-rural-areas-secure-highest-average-salaries-and-signing-bonuses https://www.fiercehealthcare.com/practices/primary-care-docs...