Episode 7. Travis Hornsby -- Student Loans

This episode is about student loans. If you are or recently were in medical, dental, or other health professional school, you already know that education costs are out of control. Costs at the Univ of Pennsylvania, one of the nation’s best medicals schools was $1200 in 1960, rising to $20000, by 1990 and $58000 by 2016 (according to their website http://www.archives.upenn.edu/histy/features/tuition/1960.html).  This is insanity and completely unsustainable. Incomes have not kept up with this rise and therefore students are almost forced to go into higher paying specialties. Maybe we should contact our alma maters and tell them that continuing to raise tuitions is jeopardizing the ability of many to enroll in these schools and therefore becoming a concern to the healthcare of our nation. My guest is Travis Hornsby of studentloanplanner.com. Travis is an entrepreneur who learned early the value of staying away from debt and now uses his knowledge to help the many americans burdened by student loan debt. If you are interested in learning more about Travis and his company at www.studentloanplanner.com Please visit our website at www.doctormoneymatters.com You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks again and look for our next episode coming soon.

Om Podcasten

Welcome to the Doctor Money Matters podcast. I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ. I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true. By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had. A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years. I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers. Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast. Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com Social media links: twitter @drmoneymatters Facebook www.facebook.com/doctormoneymatters/ Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.