How Physical Therapists can tackle six figure DPT loans | Student Loan Planner

How Physical Therapists can tackle six figure DPT loans | Student Loan Planner


– Hey there. This is Rob with Student Loan Planner. And if you’re a physical therapist who graduated with more student debt than you thought when you
originally entered the program, then you should keep watching. What’s happened is it used to be that physical therapists, you could go into a
two-year master’s program, and graduate and start practicing your physical therapy careers. But the American Physical
Therapy Association came up with their Vision 2020, and they wanted all physical
therapists to go through this three-year DPT
curriculum and program. It’s been great for patient care. You’re better trained, you’ve seen more circumstances
entering the workforce. You’re better prepared and the patients are getting
higher quality care from you. But at the same time, it adds a year of school
onto your student loans and the cost of your education. And along with that, when you started your program, chances are that your tuition went up by about seven or eight percent a year from when you started to when you ended. And that just hasn’t
kept up with the income that physical therapists are making. That’s growing at about
the rate of inflation or maybe a little bit higher. But the student debt grew at
about seven or eight percent. And plus, adding that extra year on. So, from a patient perspective it’s great. And from entering the workforce you probably feel even more confident when you deal with patients. But the student loan burden
can really change why you originally entered physical therapy. Maybe you had different career goals and you wanted to pursue a passion or a particular specialty
within physical therapy. But because of your student loan burden, you’re forced to make other decisions. Maybe work for an employer that you wouldn’t have
preferred to in the first place. Or maybe it’s moving to a different city in hopes of making more income so that you can cover your
student loan payments. Now, with our student loan consults, we’ve worked with many
physical therapists. And we’ve been able to
help them figure out what their career goals are and come up with a plan to pay back their student loans in a way that makes
their payments affordable and maybe sets them up for
forgiveness down the road. Especially if you owe more than two times what you make in a year. There’s a lot of ways that you can reduce your monthly payments, reduce the student loan burden, so that it doesn’t have to be a financial decision in your career. You can choose your
career based on the area that interests you and
working for the employers that you wanna work for. If this is something that you wanna do, signing up for a consult is pretty easy. We’ll talk through your career aspirations and your career goals, all the major factors
that impact the programs that you qualify for to pay
back your student loans. Then we’ll talk through it with you to make sure that you
have all the information you need and help you make a decision on what’s gonna help you
pay back your student loans in a way that can also help you reach your career aspirations
in the career trajectory that you originally went into when you decided to become
a physical therapist. You can find all that information below. I just wanted to talk to you about that and let you know that we’re here to help. Please let us know if
you have any questions and feel free to read the
rest of the blog post below. Thanks.

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