• Advice You're Thankful for Contest

    Now that it's getting close to Thanksgiving, we're running a contest to hear advice you've received that you're most thankful for! This can be any type of advice and the advice with the most reactions will win!

    JOIN CONTEST

Financial value of joining the military AFTER dental school

worknhard

Full Member
5+ Year Member
May 19, 2012
29
1
  1. Dental Student
    I graduated this year and have started a 1 year AEGD. With student loans of roughly 450K$ beginning this winter, I am regretting that I did not pursue a military scholarship BEFORE dental school. No going back though. I am wondering now whether there is any reason (financially) to consider the military. From what I have read about bonuses, pay and loan reimbursement, I don't think the math works out compared to private/corporate practice but maybe there is something I'm missing. Any thoughts would be appreciated.
     

    Big Time Hoosier

    Man. Myth. Legend.
    5+ Year Member
    Navy
  • Jan 26, 2015
    1,951
    5,459
    Parents' basement
    1. Dentist
      Well, maybe if you work with the military for ten years then you may get the loans forgiven but its not for certain i think
      Don't count on PSLF. It's going to cost A LOT more than originally projected, so drastic changes will have to be made to the program. The cohort up for forgiveness working at nonprofits are already facing an uncertain future.

      New Fears For Public Service Loan Forgiveness

      Big Hoss
       
      About the Ads

      Saddleshoes

      Full Member
      10+ Year Member
      Oct 28, 2007
      964
      1,055
      1. Dentist
        I joined the Air Force well after graduation. It worked out great for me. I can say this about you question...

        Anyone joining the military strictly for $$$ reasons is a fool!
         
        • Like
        Reactions: 2 users

        SigmaFS

        Full Member
        7+ Year Member
        Apr 4, 2014
        201
        92
          If you haven't entered REPAYE yet, you're probably making a mistake. You've gotta mitigate the interest accrual. At $450k @ 6.5%, you are accruing about $80/day during any non-payment period.
           
          About the Ads
          This thread is more than 4 years old.

          Your message may be considered spam for the following reasons:

          1. Your new thread title is very short, and likely is unhelpful.
          2. Your reply is very short and likely does not add anything to the thread.
          3. Your reply is very long and likely does not add anything to the thread.
          4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
          5. Your message is mostly quotes or spoilers.
          6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
          7. This thread is locked.