Study Now, Pay Later
July 10, 2023

What changed?

After more than three years of relief, Americans must resume payments on student loans in October, 2023, while interest on existing loans begins compounding in September.

Who does this impact?

A staggering 79% of healthcare professionals hold an average debt of $60,000. Compare that to the 13% of all Americans owing student loans and it becomes clear that resuming payments on federal student loans strikes the hearts of our nation's caretakers.

What does this mean for me?

Providers and employers are traversing uncharted waters. Turnover rates among healthcare workers have already skyrocketed since the pandemic – and that's without mandatory repayments on federal loans.

Healthcare professionals will be expected to pay 10% of monthly income as of October, though this number should eventually decrease to 5% of monthly income under the new Saving on a Valuable Education (SAVE) plan.

How should I move forward?

Borrowers should enroll in the SAVE plan before September to ensure first access to specialty assistance.

Healthcare professionals should also explore options like the National Public Service Corps Loan Repayment Program, the Nurse Corps Loan Repayment Program and state sponsored loan forgiveness options.

How do we help?

Plannery is the financial management platform that helps healthcare professionals get and stay out of debt.

Our voluntary benefit improves employee retention by offering better rates on loans, an exclusive credit card andpersonalized financial management.

We've already improved retention of healthcare professionals at institutions like Advent Health, CVS Health, and HCA Healthcare – contact us today!

Need Help? Contact us Here
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‍Not all applicants will qualify. Loans are subject to approval and verification of credit and employment information. Rates and terms are subject to change without notice. Loan amounts range from $1,050 to $21,000, with repayment terms from 12 to 60 months. Annual Percentage Rates (APRs) range from 13.13% to 30.61%, as of June 15, 2026, based on creditworthiness and other factors. State minimum lending laws may apply. Loan minimums vary by state. Applications are for loans offered, made by, decisioned and owned by FinWise Bank, a Utah chartered bank.
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Average time and money saved with PlanneryⒶ
‍Averages based on Plannery loan offers for all loans funded since May 2024-June 15, 2026, calculated against each borrower's existing debts paid at minimum payments. Faster payoff and lower monthly payment are alternative outcomes; the average payment reduction of $141.77 amonth applies to the 57% who lowered their payment. Individual results vary.
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‍Healthcare workers who qualify with Plannery get an APR about 22% lower than the market average, roughly 5.4 percentage points
Average based on Plannery quoted APRs for applicants since Q3 2025-June 2026  who received an offer, compared with LendingTree average all-offer APRs by credit tier (Q4 2025 marketplace data). APR includes interest and fees. Savings depend on credit profile and terms. Not all applicants qualify
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‍Based on Plannery web applications completed in a single session from April 2025 to June 2026 who reached an offer. The median time from selecting goals to viewing a loan offer was approximately 3.2 minutes, with about 78% viewing their offer within 5 minutes.