Financial Wellness Content

As a healthcare professional, your work is physically and emotionally demanding. You put in 80+ hour weeks working in high-stress environments, just for the chance to help someone get better. The last thing you should be stressing about is your finances.

The past two years have been nothing short of stressful and turbulent. While the government is still scrambling to address the burnout crisis in the healthcare profession, the 2020 CARES Act did offer some relief through student loan forbearance.

The pandemic has made it clear that healthcare professionals are the nation’s caretakers. You work long hours and in stressful situations just for the chance to help someone else. But who’s taking care of you?

Becoming a healthcare worker takes years of hard work and sacrifice, and, for many, costs hundreds of thousands of dollars in educational expenses. Nearly 70% of medical school graduates left school with debt in 2021, according to the American Association of Medical Colleges. Graduates had an average debt of $250,222 for public universities and $330,180 for private schools. Recently the Biden-Harris administation announced a sweeping plan to forgive upto $20,000 in student loan debt for qualified borrowers. In this article, we tell you about the key details and more importantly all the latest developments since the plan was announced.