Student Loan Planning for Medical Professionals

At illumiFI Wealth, we know student loans can be one of the most overwhelming pieces of your financial picture—especially for medical professionals who’ve invested years of education and training into their calling. Our goal is to simplify the complexity, bring clarity to your repayment options, and help you build a plan that fits your life, career, and long-term goals.

We don’t just calculate payments — we walk alongside you, helping you understand the “why” behind your options and how each decision impacts your broader financial journey.

Many advisors glance over student debt as a single line item. We take a different approach. By blending behavioral finance with deep technical expertise in loan rules and forgiveness programs, we help ensure your strategy aligns with both your numbers and your values — whether that means pursuing PSLF, optimizing income-driven repayment (IDR), or strategically refinancing when the time is right.

Our process is educational, collaborative, and grounded in real-world experience. We simplify complexity, create “lightbulb moments,” and give you the confidence to move forward — not just with your loans, but with your financial life as a whole.

What’s Included in Student Loan Planning

The guidance we provide is tailored to each client, but often includes:

Loan Inventory & Analysis – Evaluate your full loan portfolio (federal, private, consolidated) and identify opportunities for optimization.

Repayment Strategy Design – Compare repayment options such as PAYE, SAVE, IBR, and refinancing to determine the most efficient path.

Public Service Loan Forgiveness (PSLF) Review – Assess eligibility, verify qualifying payments, and ensure documentation and employer certifications are accurate.

Refinancing Guidance – Evaluate when refinancing makes sense — and when it doesn’t — to balance flexibility with interest savings.

Tax Coordination – Understand how income-driven repayment (IDR) plans interact with your tax situation and how to prepare for potential “tax bombs” on forgiven balances.

Career Integration – Align your repayment strategy with your career stage, family goals, and potential transitions from residency or fellowship into practice.

Cash Flow & Goal Planning – Build a plan that balances debt repayment with saving, investing, and lifestyle priorities.

Tools & Ongoing Support

Loan Modeling Software – Access tools that clearly show your repayment projections, forgiveness timelines, and cost comparisons.

Annual Reviews – Receive ongoing guidance as your income, goals, or family situation evolves — especially through major career transitions.

Ongoing Partnership – We stay with you every step of the way, ensuring your loan strategy continues to serve your life and financial goals.

Fee Structure

Student loan planning can be provided as a standalone service or as part of comprehensive planning. The fee ranges between $1,000-$5,000/year depending on complexity, income & tax planning, number of loans, and repayment goals.