Cheapest School

[MeltingPot3]

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I'm not sure where the appropriate area is to put this thread, but I am curious what people's thoughts are on this...

Is it better to simply choose the cheapest option as far as attending dental school or does it make sense to go out of state and experience something new? I don't want to even account for my personal financial situation because no matter what, I'll be taking out loans. I'm just trying to gauge if less loans is better than more loans, but a new, awesome experience somewhere else.

Thanks!

 

[BullGator1004]

Prepare yourself. Multiple differing opinions are coming.

But seriously, you can find this debate in pretty much every thread.

 

[wwdentist]

@Big Time Hoosier

 

[Big Time Hoosier]

Big Hoss

 

[321931]

View attachment 251047

Big Hoss

Cheapest school. I’ve seen really no difference between any new grads. They plain out suck, slow, unconfident, misdiagnosing. But it’s ok with a year of real world experience most people are competant enough to drill.

 

[princeafrica]

You can go out of state and experience something new. When you graduate you can experience being a slave to the banks and government for years

 

[BullGator1004]

Noooooo! People have already taken the bait! These types of posts are clearly a trap!

 

[Faefly]

Choose the school that makes you happy. Regardless of what others have to say, you know what your gut feeling is telling you, so go for it.

 

[Cthuluhoop]

Is it better to simply choose the cheapest option as far as attending dental school or does it make sense to go out of state and experience something new? I don't want to even account for my personal financial situation because no matter what, I'll be taking out loans. I'm just trying to gauge if less loans is better than more loans, but a new, awesome experience somewhere else.

Because you're taking loans regardless, it doesn't matter to you if you take out $200k or $500k...?

Yearly interest on a $200k loan is $14,000 before you even begin to touch principal, yearly interest on a $500k loan is $35,000 before you touch principal. Paying $200k off in 10 years is possible at $2200 a month. Paying $500k off in 10 years is not possible for 90% of people at $5500 a month.

 

[321931]

Choose the school that makes you happy. Regardless of what others have to say, you know what your gut feeling is telling you, so go for it.

Cheapest school. You will be a dentist either way.

Your 30 year old self will be thanking your 20 year old self later in life.

 

[Big Time Hoosier]

Your 30 year old self will be thanking your 20 year old self later in life.

Otherwise their 40 year old self will still be wondering what they were thinking, as they cut yet another monthly student loan check.

Big Hoss

 

[tooth-tastic]

If you decide to specialize, you won't even be able to put a dent in those loans for another 2-6 yrs. Think long-term...

 

[321931]

Otherwise their 40 year old self will still be wondering what they were thinking, as they cut yet another monthly student loan check.

Big Hoss

And their 50/60 year old self will wonder why they are still working 5 days a week and haven't retired yet, and or have any real net worth. Crazy how someone with no concept of money, or interest can just say "choose what makes you happy." I bet those kiddos that choose art degrees serving lattes with their 200k degree from some prestigious institute are real happy.

 

[AppalachianDentalBoy]

And their 50/60 year old self will wonder why they are still working 5 days a week and haven't retired yet, and or have any real net worth. Crazy how someone with no concept of money, or interest can just say "choose what makes you happy." I bet those kiddos that choose art degrees serving lattes with their 200k degree from some prestigious institute are real happy.

At least they get free coffee.


OP the only different thing you will experience is crushing debt and delaying your life.

 

[deleted942432]

Life is short. You could die tomorrow. Choose what make you happy.

 

[321931]

Life is short. You could die tomorrow. Choose what make you happy.

That I agree with. Do you want to be...

40 on the golf course debt free
3 day weekends with your kiddos- watching and seeing them at the soccer game
Have money saved up for your retirement, and their future education, with a paid off house, loans, and a booming practice...

?

Life is to short, do what makes you happy, and I can most likely argue that going to an affordable school will allow you to enjoy those fruits of your labor alot sooner. Dentistry is a damn good gig...enjoy it!

 

[ASPEN'S NIGHTMARE]

You can go out of state and experience something new. When you graduate you can experience being a slave to the banks and government for years

LMAOOOO Best comment I have seen on SDN to date! hahaha

 

[321931]

LMAOOOO Best comment I have seen on SDN to date! hahaha

I think what would be the biggest insult to the next generation is if the next generation of politicians decides to subsidize all education (free education for all) and then you have new graduates graduating with zero debt or maybe minimal amounts from cost of living...40...50k? But the previous generation of young guns are still on the hook for 300k of student loan debt.

With the student loan bubble being most likely the next catalyst for a 2008 type of recession because you have a bunch of millenials defaulting on their 200k art degree lattes...there maybe reforms for education in a sense there maybe a limit you can take out for education and or government may step in and make the schools free. Oh wait, it's not only the art degree lattes that are screwed, it's also the specialists that are the hook for 1 mil of debt (remember that orthodontist with his 1 mil of debt?)

Anyways, if they do make it school free- they will most likely tax the middle class- aka YOU on top of your huge student loan debt. Oh and wait...who is going to subsidize the bailout if the student loan debt bubble bursts? You to. Lol.

But oh well, you had fun and chose where you wanted to go right? Bottom line, take care of your own skin...

 

[Blueshirts]

I think what would be the biggest insult to the next generation is if the next generation of politicians decides to subsidize all education (free education for all) and then you have new graduates graduating with zero debt or maybe minimal amounts from cost of living...40...50k? But the previous generation of young guns are still on the hook for 300k of student loan debt.

With the student loan bubble being most likely the next catalyst for a 2008 type of recession because you have a bunch of millenials defaulting on their 200k art degree lattes...there maybe reforms for education in a sense there maybe a limit you can take out for education and or government may step in and make the schools free. Oh wait, it's not only the art degree lattes that are screwed, it's also the specialists that are the hook for 1 mil of debt (remember that orthodontist with his 1 mil of debt?)

Anyways, if they do make it school free- they will most likely tax the middle class- aka YOU on top of your huge student loan debt. Oh and wait...who is going to subsidize the bailout if the student loan debt bubble bursts? You to. Lol.

But oh well, you had fun and chose where you wanted to go right? Bottom line, take care of your own skin...

I've had the same thoughts, jeez this hurts to read lol.

 

[thisismyacct]

I think what would be the biggest insult to the next generation is if the next generation of politicians decides to subsidize all education (free education for all) and then you have new graduates graduating with zero debt or maybe minimal amounts from cost of living...40...50k? But the previous generation of young guns are still on the hook for 300k of student loan debt.

With the student loan bubble being most likely the next catalyst for a 2008 type of recession because you have a bunch of millenials defaulting on their 200k art degree lattes...there maybe reforms for education in a sense there maybe a limit you can take out for education and or government may step in and make the schools free. Oh wait, it's not only the art degree lattes that are screwed, it's also the specialists that are the hook for 1 mil of debt (remember that orthodontist with his 1 mil of debt?)

Anyways, if they do make it school free- they will most likely tax the middle class- aka YOU on top of your huge student loan debt. Oh and wait...who is going to subsidize the bailout if the student loan debt bubble bursts? You to. Lol.

But oh well, you had fun and chose where you wanted to go right? Bottom line, take care of your own skin...

even worst for the graduates with high debts in that scenario is the fact that the money for free education would have to come from somewhere. this would most likely mean an increase in taxes. now imagine paying 4k a month in student loans AND taking home less money.

another possible solution is for the government to put a cap on how much tuition a school can charge. not sure if that would work though.

 

[Life of Pablo]

even worst for the graduates with high debts in that scenario is the fact that the money for free education would have to come from somewhere. this would most likely mean an increase in taxes. now imagine paying 4k a month in student loans AND taking home less money.

another possible solution is for the government to put a cap on how much tuition a school can charge. not sure if that would work though.

Just because a school were to become free for its students, doesn’t mean the government is paying for it. NYU’s medical school just went tuition free for all of its students and the school is funding that itself. Everyone at Columbia’s medical school got some sort of scholarship to attend and, again, the government isn’t paying for it. Penn’s dental school gives out substantial scholarships (like full tuition) and I’ve heard it’s trying to eventually go tuition free in the future. My roommate even got a 120k scholarship from USC. Point is, there is an increasing trend amongst schools to help their students. Of course you’re always going to have expensive for profit schools that are opening up, but that doesn’t mean there won’t be schools that will greatly help offset cost.

 

[princeafrica]

Just because a school were to become free for its students, doesn’t mean the government is paying for it. NYU’s medical school just went tuition free for all of its students and the school is funding that itself. Everyone at Columbia’s medical school got some sort of scholarship to attend and, again, the government isn’t paying for it. Penn’s dental school gives out substantial scholarships (like full tuition) and I’ve heard it’s trying to eventually go tuition free in the future. Point is, there is an increasing trend amongst schools to help their students. Of course you’re always going to have expensive for profit schools that are opening up, but that doesn’t mean there won’t be schools that will greatly help offset cost.

NYU gets money from alumni making donations and they hope donations continue to pour in after making tuition free. Good luck getting dentists to donate.

CU also offered a lot of scholarships this past two years because of donations from Anschutwz foundation

 

[321931]

Man can you imagine the class that graduates right before the free tuition agreement? Your peers under you graduate debt free and you on the hook for a big old bill. Alas, life can be unfair.

 

[Cthuluhoop]

Just because a school were to become free for its students, doesn’t mean the government is paying for it. NYU’s medical school just went tuition free for all of its students and the school is funding that itself. Everyone at Columbia’s medical school got some sort of scholarship to attend and, again, the government isn’t paying for it. Penn’s dental school gives out substantial scholarships (like full tuition) and I’ve heard it’s trying to eventually go tuition free in the future. My roommate even got a 120k scholarship from USC. Point is, there is an increasing trend amongst schools to help their students. Of course you’re always going to have expensive for profit schools that are opening up, but that doesn’t mean there won’t be schools that will greatly help offset cost.

That still only allows a very small percentage of students to have a relatively inexpensive dental education. Leaving the majority drowning in debt.
I disagree that there’s trend for schools to help students since dental school tuition has only increased exponentially the past 10 years. While some schools do offer great scholarships to select students, most of the money comes from donations and alumni, not the schools nicely lined pockets. We won’t see a decrease in tuition and affordability until students stop accepting seats and there are more seats than there are students

 

[thisismyacct]

Just because a school were to become free for its students, doesn’t mean the government is paying for it. NYU’s medical school just went tuition free for all of its students and the school is funding that itself. Everyone at Columbia’s medical school got some sort of scholarship to attend and, again, the government isn’t paying for it. Penn’s dental school gives out substantial scholarships (like full tuition) and I’ve heard it’s trying to eventually go tuition free in the future. My roommate even got a 120k scholarship from USC. Point is, there is an increasing trend amongst schools to help their students. Of course you’re always going to have expensive for profit schools that are opening up, but that doesn’t mean there won’t be schools that will greatly help offset cost.

Is that money coming from donors?