Posts by Jen Williamson

Jen Williamson is a freelance writer living in Brooklyn. She has written for a variety of industries, including software, education, business, and personal finance. Prior to that, she worked at an adult literacy nonprofit in Philadelphia, where she coached nontraditional students in passing the GED test and applying for college. When she isn’t writing or reading—which is rare—she can usually be found planning her next travel adventure, training for a marathon, or sneaking in somewhere she’s not supposed to be.
Jen Williamson

Graduating from medical school is an incredible achievement. But if you're more in the mood to worry about your student loans than celebrate your graduation, that's understandable. If you're like many medical students, you have six figures in student debt — and several years of low-paying residency or fellowship ahead of you.

But you can be proactive about that debt — and one of the best ways to do it is by refinancing. We've scouted out some great under-the-radar deals for residents from SoFi, Laurel Road, and Splash Financial below.

See also: Should You Defer Student Loan Payments During Your Medical Residency?

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If you’re like a lot of college graduates, you have multiple student loans, all through different lenders. Is it time to get them all in one place? There are pros and cons to refinancing your federal loans through a private lender, so it's important to carefully consider your specific circumstances.

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If you’re considering consolidating your credit card debt, you basically have two options: a personal loan or a balance transfer.  A personal loan is a loan you take out with a bank. You use it to pay off all your credit cards, and then you pay off the loan over time. A balance transfer is when you move your balances from multiple credit cards onto a single credit card.

But which is better? Personal loans have lower interest rates and a fixed end date for paying off your debt. Balance transfers can offer attractive terms, but there are some things that can be problematic over the long term. 

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True, there’s more to life than money. But if your money situation is unraveling, it can be difficult to think about anything else. Crushing debt can seriously limit your options in life—and it’s a huge cause of stress.

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Want to crush your debt — yesterday? Well, we can't tell you how to travel back in time ... but we can tell you how to create a more financially secure future, starting today. 

Paying off your balances fast might sound like the impossible dream, but there are ways to do it. Here are five things you can do right now to get debt off your back.

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When you consolidate your credit card debt, you replace multiple credit card accounts with a single loan or line of credit.

Many people with significant credit card debt never consolidate — and one of the top reasons is worry about what will happen to their credit score. But consolidating can actually have a positive effect on your score, as long as you make payments on time. 

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