academy-accomplishment-celebrate-267885

How to Attack your Student Loans Debt | Refinance

You are probably looking at your massive student loans right now, thinking to yourself, “How the heck did I take this much out? This is the price of a freaking house”. The sad reality is that the average optometry student take out a whooping average of $200,000 for optometry school and will likely be in debt for the next 20 years.


The United state student debt crisis exceeds $1.3 trillion for 2018 and has been an epidemic in society, shunting the growth of many young professionals. This forces new and talented doctors to live at home with their parents because they cannot to afford to pay rent or begin to think about buying a house. This in turns, delays this young generation in starting a family simply because they can’t barely take care of themselves.


What do most optometrists normally do? Pay the minimum amount for 20+ years, hoping that our government will miraculously forgive their loans after 20-25 years. This is sadly the norm. Don’t be normal, normal sucks. Normal people don’t get rich or become wildly successful.


It is okay. Take a deep breath. Relax. I know it feels overwhelming at times but we are going to help you through this. We are going to walk you the step needed in tackling with your student loans.

Related Articles

“America Rescue Plan” Stimulus Bill_ Five Student Loan Updates

America Rescue Plan Stimulus Bill: Five Student Loan Updates

On Wednesday March 10, 2021, the House approved President Biden’s $1.9 trillion stimulus bill called the “American Rescue Plan”. The legislation is one of the most sweeping economic recovery plans in the nation’s history. Stemming of the American Rescue Plan, this article will focus on 5 take-aways for student loan borrowers.

Annual Report 2020

Annual Report: 2020

Well 2020 has surely been a year!  Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve.  Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the looming importance of financial education…

8 New Year's Financial Resolutions

8 New Year’s Financial Resolutions

The year 2021 is here. In our opinion, 2021 has it pretty easy. I mean, how much worse can it get after 2020? Joking aside, the beginning of the year presents a great time to take inventory of life and evaluate your financial health for the next 365 days. Here are a few New Year’s financial resolutions to get you started.

Student Loans Debt COVER

10 Practical Tips on How to Pay Off $221K+ Optometry Student Loans in 5 years

Like many optometrists, I graduated from Southern California College of Optometry (SCCO) with over $221,245 in student loans back in June 2015. It was a combination of both federal loans ($198,303) and high interest private loans ($22,942) that I took out for other living expenses during my 4th year rotations. In early October 2020, during the COVID-19 pandemic, I made my final and last student loan payment, roughly 5 years later.

6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong (1)

6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong

We have quite a few ODs on Finance members who are big Dave Ramsey fans, and quite a few who are Dave Ramsey Haters. Here are 6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong and how each OD can optimize them to be even more successful!

Inspirational Student Loans Success_ How Dr. Justin Jackman Eliminated $220K Through Practice Ownership

How Dr. Justin Jackman Eliminated $220K Through Practice Ownership in 7 years #InspirationalStudentLoansSuccess

My loan payment story is similar to many others out there at first. I started out making less ($100K the first year). I was married and had two kids at the time, so my income based payments were around $150 a month for the first 1 to 2 years. Then my loans jumped to $900 a month (they threaten you that if you don’t fill out the tax return application each year your loan will jump to $2500 a month which sounds terrifying when making $100k).

8 Financial Lessons that I Learned during COVID-19

8 Financial Lessons that I Learned during COVID-19

As we approach the end of August, we have experienced the worst market down-spiral in mid-March since the 2008 housing recession, with a -20% stock market crash. Luckily, year to date (YTD), the S&P 500 index has recovered nicely to roughly baseline. While we are not out of the woods yet, I have learned some important financial lessons, both as an investor and as an individual during this once-in-a lifetime catastrophe. Here are 8 things the pandemic has taught me.

The New Normal - Should Optometry School Tuition be Reduced in Light of Virtual Classes and Reduced Clinic Time_

The New Normal – Should Optometry School Tuition be Reduced in Light of Virtual Classes and Reduced Clinic Time?

The coronavirus pandemic has turned our world upside down. Face coverings and hand sanitizer, once foreign objects only wielded by the most righteous germaphobes, have now become a reality and requirement for nearly everyone. In the SF Bay Area, where ODs on Finance’s physical headquarters are located, many large tech companies have adopted a permanent work from home policy – which has lightened morning traffic, allowed many workers to move out of the area into more affordable areas and has undoubtedly reduced overhead cost for these large companies in terms of commercial real estate needs.

Federal Student Loan Servicers Get Fired! Chaos Could Extend Student Loan Relief

Federal Student Loan Servicers Get Fired! Chaos Could Extend Student Loan Relief

As we approach September 30, 2020, when the temporary 0% Federal student loan and forbearance period are both expected to end, here are some important updates:

Key Points:
DeVos fires all 4 major loan servicers that handle federal student loans starting December 14, 2020.
What to expect when receiving a welcome letter from your new servicer and what to do?
10 year PSLF Borrowers: Download your payment history before End of 2020
Student Loan servicers chaos could extend student loan relief
Refi Student loans are trending lower