Securing his future, managing liabilities.
Dr. Torres wants to purchase a $750,000 stake in his surgical practice, while simultaneously managing $180,000 in existing student loan debt. He's concerned about the impact of this large purchase on his cash flow, his ability to service his debt, and his eligibility for potential student loan forgiveness programs given his high income.
Using Golden Door Asset's Student Loan Calculator, we analyzed Dr. Torres' repayment options, revealing that pursuing an aggressive repayment strategy while prioritizing the practice buy-in would minimize long-term interest. The calculator also showed that because of his high income, traditional income-driven repayment programs leading to loan forgiveness wouldn't be advantageous, saving him potentially hundreds of thousands in unnecessary interest payments. We then leveraged a loan calculator to model various loan scenarios for the practice buy-in, optimizing for the lowest possible interest rate and monthly payments.
The Student Loan Calculator was used to analyze repayment scenarios, while the Loan Calculator modeled the practice buy-in financing. Data was integrated into a comprehensive financial plan, including E&O coverage analysis.
$85,000 saved in potential unnecessary interest payments by avoiding income-driven repayment programs, and an optimized loan structure for the practice buy-in that reduced his monthly payments by $1,200.
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