When my family started the medical journey, I was clueless about handling finances.

Sure, I could do the budgeting and the day-to-day operations of the present. But I couldn’t wrap my head around my husband’s student loans. I’m not sure if it was due to lack of motivation, fear, or both.

When my husband got into medical school and signed those student loans, I vaguely understood that one day we would have to pay Uncle Sam all that money back. The only way I knew how was “with his doctor salary,” of course.

I had no idea how much was involved.

Before he graduated medical school, I spent an incredible number of hours Googling. My mind was spinning and I felt overwhelmed. But I kept trying to figure it out because we had no choice. These loans weren’t going to be managed themselves.

Based on what I learned, we decided that IBR was the way to go. We filed separately to take advantage of the loophole where payments would be calculated based only on his salary, not on both of ours since I was also working.

I was confident we were making a super smart decision.

Months later, I started to wonder if we would benefit from a professional opinion.

That’s how I met Travis.

What is the founder of Student Loan Planner and what the heck does he know?!

Travis is a student loan consultant with Student Loan Planner.

What really stands out about him to me is that many of the White Coat Investor’s vetted financial planners refer their clients to him. Where financial planners are like “primary care,” Travis is like a “subspecialist.”

Plus, his wife Christine is also a physician with six-figure student loans and they have gone through all the headaches with FedLoan and private sector refinancing themselves. Over the course of his business, he has saved over $40 million dollars for families like ours.

I reached out and booked a consult with him.

After he went through our situation, he told us that REPAYE was actually better than IBR for us, and that we could go back from filing separately to filing jointly. That is completely different than what we had been doing.

I was wrong all this time. For years, we paid thousands of dollars EACH MONTH in interest that I DIDN’T HAVE TO if I had known earlier. That was enough to make me feel sick.

While I can’t go back and reverse our decision to be in IBR when we should have been in REPAYE, at least I knew we were in the right one now going forward.

Why I took the course

After the consult, Travis developed a course called Student Loan Eraser.

It walks you through step-by-step everything you wanted to know about student loans in three hours.

As my husband was getting further along in his career, he was leaning more and more towards private practice than academia, which meant not doing Public Service Loan Forgiveness anymore. All this would change our strategy entirely.

I could have booked another consult, but instead, I enrolled in this course. The course is perfectly in between DIY and paying somebody to tell you what to do.

So, instead of paying for a consult each time our situation changed, I learned how to handle it on my own.

Th course taught us that if my husband plans to continue to do PSLF, he should continue to be on REPAYE regardless if I worked or not. If he does not do PSLF, he should go on IBR and file taxes separately or refinance depending on whether we want to pay them off quickly or not.

As you can see, the course allows me to adjust our strategy if needs or situations continue to change.

LEARN MORE ABOUT STUDENT LOAN ERASER

Full disclosure: This is my honest review of Student Loan Eraser. If you buy this course through this link, I will receive a small commission at no extra cost to you to keep DocWife going.

What’s you get in the course

I’ve taken many other courses in the past. Travis’ course is well-made. I promise he’s not droning I’m reading slide by slide forcing you to plod through. You can hear his authentic voice and personality.

The course is a series of modules with PowerPoint slides, videos, and powerful storytelling to walk you through all of it.

In this course, there are 7 modules and you’ll learn:

  • How to find out what loans you have
  • What is your current lifestyle and how it impacts your loans
  • The different repayment plans available
  • Strategies for public service loan forgiveness
  • Strategies for private sector loan forgiveness
  • Strategies for refinancing
  • How to consolidate

Here is what the outline of the course looks like in Teachable:

You will be able to take everything you learn in all those modules and apply it IMMEDIATELY to your situation.

What is in this course that I can’t easily find online?

I get it, money is tight and you want to know if you can patch together all the info you can find for FREE and not have to pay a dime.

I was in your shoes. Remember, I tried to Google everything myself so I didn’t have to pay for advice. We enrolled in IBR and filed separately due to dual income, when we should have been in REPAYE and filed jointly. That costed us way mire.

There are four things that this course does that Google doesn’t give you:

#1: The student loan system takes into account whether you’re married, how many kids you have, how much your spouse makes, whether you work for academic or private practice, and so on.

These are all different moving parts. When one variable changes, your entire strategy could change, too. That’s what makes student loans hard to figure out.

The course fills in that gap. Travis literally walks you through not only what to do, but how and why.

#2. If you inherited your spouse’s student loans through marriage and are just expected to figure things out, or you forgot all the details when you signed on the dotted line — then this will save time and frustration.

The course teaches you where to find all the info to start:

  • what type the loans are
  • the different interest rates on all of them
  • if your employer is not-for-profit 501c3
  • if you had ever done a direct consolidation of these loans

If you didn’t keep track or don’t have much to go off of, you will spend many hours alone just finding out where everything is and being on the phone with your loan servicer for answers.

#3. The course is not all theory. There is a module that goes through several real-life scenarios, and yours is probably one of them.

#4. There is an underutilized and awesomely powerful calculator to model different future scenarios including:

  • switching payment plans
  • doing or not doing PSLF
  • salary expectations
  • pregnancies
  • stay-at-home vs. working spouse

What you should know about Travis is that he had a prior career as a bond trader for one of the world’s largest investment companies with a talent for developing powerful spreadsheets. His calculator covers every scenario. That’s why his calculator is the best out there.

Who the course isn’t for?

Like I said, this is an honest review.

If you already have all the data and just want somebody to give you a quick answer or second opinion based on your situation right now, you may do better to just book Travis for a consult (and pay a lot more for it). Be aware that the consult is meant to be short so he only goes through the what, not the how or why.

Also, if you already refinanced your loans with a private lender, the only thing you can do is keep refinancing if you see a better deal. You don’t need this course.

Finally, if there is no force that can motivate you to go through three hours of video and PowerPoint, then book Travis for a consult.

So, is the course worth it?

If you want to have some guidance while you DIY, saving you countless hours, you should take this course. You will know what to do with your loans IMMEDIATELY instead of having to study all of the Internet.

Now, your biggest fear is where to come up with $199 to pay for the course, especially if you’re on a residency budget. I get it. If you are on the fence because of the cost, don’t. Delaying this course by even one month could be costing you way over $199. It could be costing you thousands each month.

It’s one thing to be frugal about your daily lattes, it’s another to cut corners when the big bucks are on the line. The course will pay for itself because you will save more money.

The guarantee clause

I know the feeling of ordering something and feeling disappointed. It’s an awful feeling. There’s even a subreddit called expectations vs. reality devoted to this.

I won’t let you be disappointed. And neither would Travis.

If you buy the course and feel it’s not for you, or you find out you’re already in the most optimal plan, Travis will give your money back with the strongest safety net possible.

This means he guarantees that if you have over $100,000 in loans but don’t save $10,000 after you take the course, he wants you to email him and get your money back.

Let me be clear.

Best case scenario: You take the course and save thousands each month starting this month.

Worse case scenario: You pay $0. (That’s as risk-free as you can get.)

In summary

I have gone through this three-hour course and highly recommend it. It will pay for itself as soon as you take it and you will save countless hours trying to wade through all the right information online. I bet you don’t have that kind of time in the first place.

After you take the course, you can expect to take what you learned and IMMEDIATELY know what to do with your student loans to save tens of thousands, too.

Start erasing your debt today and live a good life.

Now go and check it out right now!

LEARN MORE ABOUT STUDENT LOAN ERASER