Physicians often top the list of highest paid occupation, butthey incur enormous amounts of debts on the way there. In 2002, theaverage medical student had student debt exceeding $104,000.However, the physician's student loan debt can be managed toimprove payment options and lower interest rates.

Reiman Financial, LLC helps physicians create and implementstrategies to manage their student debt. In many cases, physicianscan take steps to reduce their total amount to pay off amounts bythousands of dollars over the life of the loans.

Managing your loans

Deferment
Student Loan deferment is a tool that physicians can use to assistwith cash flow, debt management and financial planning. Physiciansmay request deferment during time of economic hardship or whenenrolled in an approved graduate fellowship program. Duringdeferment, no interest accrues.

Consolidation
One of the most effective student debt management tools isconsolidation. Physicians who consolidate benefit from lowermonthly payments and lower interest rates. They also benefit fromhaving only one payment each month. Consolidation can be a powerfuldebt management tool if done at the right time and in the rightmanner. A financial advisor who specializes in physicians' needscan help determine if and when consolidation makes sense for aphysician. If you need help evaluating the decision to consolidateyour student loans, contact ReimanFinancial for a Student Loan Management consultation. During theconsultation we will consider the impact of consolidation on thefollowing terms of your loans:

• Interest rate
• Repayment Schedule/Monthly Payment
• Total Repayment Amount
• Hidden Fees/Charges
• Grace, Deferment, Forbearance
• Interest Subsidy
• Early Payment Penalty
• Repayment Incentives
• Cancellation
• Servicer
• Processing Time

Let Reiman Financial help you create a student debt managementplan that works with your goals. Contact us today for a student loan managementconsultation and we'll show you which options work with yourgoals.

For more information on this topic, see Chapter 2 in "FinancialFund of Knowledge" by Michael Reiman and Max Adams.

One of the biggest obstacles most physicians face in studentloan debt management is procrastination. Just like patientswho postpone visits to their doctor often find after the visit thattheir condition is much worse than they expected, physicians whopostpone meeting with a financial advisor often learn that theyshould have begun planning much earlier for better financialhealth. Maximize your financial strength: Contact Reiman Financial today for acomplimentary consultation.