Physician Family Financial Advisors
Why Physicians Should NOT Refinance Student Loans

Why Physicians Should NOT Refinance Student Loans

financial stability physician family refinancing student loans Jun 15, 2022

Most physicians–even those well into their career as an attending–will face decisions about student loans. What is the difference between refinancing and consolidating student loans and which one is better? What should physicians consider before they refinance their student loans? Are lower interest loans actually worth it? Should physicians pay one debt off at a time or pay smaller amounts towards all their debts over time? Tune in to learn why it may not be the best option for physicians to refinance their student loans. 



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  • [02:29] What are opportunity costs and how does this apply to student loans?
  • [04:58] The difference between refinancing and consolidating student loans.
  • [06:16] There is more to refinancing than a better rate. 
  • [11:00] Consider this before refinancing student loans. 
  • [19:46] Why a high interest loan isn’t necessarily a deal breaker.
  • [20:56] How to know when to refinance and what to consider. 
  • [26:57] A balanced approach to paying off debt vs. focusing on one financial element at a time.
  • [29:20] A physician’s financial situation is very different from the average person.
  • [30:41] Should a physician refinance their student loans? 



Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

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