HOLY CRAP This is worse than I thought!

[marshall]

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I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

 

[3rdMolarRoller]

welcome to the club. Your state school sounds pretty nice now, doesn't it?

In all honesty, its a lot but don't let these punks on here scare you how they will be driving a BMW and you will drive a Gremlin.

It has been done and will be done...just imagine what students in 10 years will be paying.

 

[Rezdawg]

welcome to the club. Your state school sounds pretty nice now, doesn't it?

In all honesty, its a lot but don't let these punks on here scare you how they will be driving a BMW and you will drive a Gremlin.

It has been done and will be done...just imagine what students in 10 years will be paying.

True, even with that, he can drive that Beemer.

 

[fishindr]

I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

Join the club!

 

[dexadental]

Haha silly you...should have done the Navy...takes care of all that...with a single 4 year commitment...which allows you to get your practice in order. Navy is the best option for myself.

 

[TOdentist]

Nice to know that I'm not the only one losing sleep over these numbers.

Sometimes I just look at the numbers and laugh ...and then cry...then laugh...then cry...it's a vicious cycle

 

[Paulie Walnuts]

I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

no sweat! you mean you dont have that much in your checking account already? 😎

 

[USUaggie]

I'm with you on this one - LLU's freshman tuition is just over 30k but then jumps another 10k for the remaining three years! Also, they said I can expect all the prices to go up 5-7% each year. So now I'm thinking instead of around 200k I should maybe plan on 250k at the end? Part of me's saying, screw it - get the nice truck and nice apartment and end up 300k in debt, but that's so opposite of how I've always been with money.

I was thinking about a military scholarship but if it's a 4 year commitment, you're losing 4 years of making, well let's say 120k a year = 480k. I don't think I'll be that far in debt. I'm not sure what you'd get paid from the military during those 4 years but it might be enough to offset the cost of not being in the private practice. What convinced you to join the Navy, dex?

 

[ISU_Steve]

Haha silly you...should have done the Navy...takes care of all that...with a single 4 year commitment...which allows you to get your practice in order. Navy is the best option for myself.

Pffffttt....Stay away from the military if at all possible. They treat their docs and dentists like ****. Granted the Navy is better than the Army or Air Force about the way they treat their officers but then again I still wouldn't voluntarily go into the military again for any reason- I'd rather have a couple hundred thousand in debt than owe the military any time. I can pay back a debt as civilian and there is not a major risk of seeing Baghdad or any other place that the Bush administration deems as the newest expansion area for Halliburton nor any risk of dying simply because of someone else's dilusions.

 

[mvs04]

Haha silly you...should have done the Navy...takes care of all that...with a single 4 year commitment...which allows you to get your practice in order. Navy is the best option for myself.

downside?

You have to join the goddamn military !!

actually, it's not really worth it when I calculated it... yeah you walk out pretty much debt free, but while you're working, you're locked in at 60k/year officer's pay. And you can't start your own practice while you're in it. OH, did I mention that you have to join the goddamn military part ??!!

 

[Sprgrover]

I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

Lovely. Maybe I should check my mailbox...

 

[Dr.BadVibes]

Just to let you guys know...

when you guys say that, "I spoke to several dentists and they said paying back loans is no big deal"....keep in mind that the loans they are used to are 1/10 the cost of dental schools now.....

Practicing dentists right now would be appalled by how much dental school actually is these days. So when you ask financial advice from them, make sure you that you tell them exactly what debt figures you're looking at.....

Also, Im gonna stick to the same point Ive been making since 2003.....

In my opinion there is no point in paying more money than you have to...its not free money....its money that you have to pay back plus interest.....money that you could be keeping for yourself to live a better and more comfortable life sooner and longer 👍

 

[gryffindor]

I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

Why are you in shock? Did you forget to look at what it was going to cost before you signed that acceptance letter?

 

[jiffbedgerson]

Haha silly you...should have done the Navy...takes care of all that...with a single 4 year commitment...which allows you to get your practice in order. Navy is the best option for myself.

isnt it an 8 year commitment (4 active duty, 4 inactive)?

 

[ISU_Steve]

isnt it an 8 year commitment (4 active duty, 4 inactive)?

Yes, you are correct.

 

[*Tooth*fairy*]

I received my 2005-2006 expense budget today. WOW!

Year 1: 71,670
Year 2: 72,089
Year 3: 72,341
Year 4: 71,885

😱 😱 😱 😱 😱

Don't think about this again for the next 4 years; that's what it costs and you can't change it. I offer my advice to "not think about it much"...I know it sounds like strange advice, but trust me you will not be able to focus while in d-school if this is on your mind, and the debt will only build as you progress, so you CANNOT let this worry you too much otherwise it will sabotage you. I speak from personal experience. Good Luck!

 

[jiffbedgerson]

Yes, you are correct.

Why cant Jose Canseco aka Roid-ed Up Freaks help finance our dental education, his new book, Juiced is a New York Times Best Seller!!!

 

[marshall]

Why are you in shock? Did you forget to look at what it was going to cost before you signed that acceptance letter?

I love responses like that. They contribute nothing to the discussion and are, in my opinion, somewhat hostile. The cost of attendance rose by $6,000 since the last published results for 2004-2005 (which have been pulled from the website). Also, with the way that dental schools operate, students have no idea what their aid package will be when deciding between schools.

When you sign that acceptance letter, which you may hold for a maximum of 45 days, you really have no idea about the financial picture you are throwing yourself into. Grants vary widely from school to school and the projected cost of attendance for the next cycle is typically unavailable.

But thanks! 🙄

 

[*Tooth*fairy*]

Just to let you guys know...

when you guys say that, "I spoke to several dentists and they said paying back loans is no big deal"....keep in mind that the loans they are used to are 1/10 the cost of dental schools now.....

Practicing dentists right now would be appalled by how much dental school actually is these days. So when you ask financial advice from them, make sure you that you tell them exactly what debt figures you're looking at.....

Also, Im gonna stick to the same point Ive been making since 2003.....

In my opinion there is no point in paying more money than you have to...its not free money....its money that you have to pay back plus interest.....money that you could be keeping for yourself to live a better and more comfortable life sooner and longer 👍

Dr.BV, stop talking to him like he's a Canadian! These are US loans with a US interest rate, not the loan sharks a.k.a. private loan companies that you and I would be faced with. He's gonna practice in the US and make a US salary and pay nice and low US taxes. He'll be fine! 👍

 

[edkNARF]

I love responses like that. They contribute nothing to the discussion and are, in my opinion, somewhat hostile.

He does make a good point though. The admissions office was very clear about what the total cost of attendance would be for next year.

 

[crazy8]

Just to let you guys know...

when you guys say that, "I spoke to several dentists and they said paying back loans is no big deal"....keep in mind that the loans they are used to are 1/10 the cost of dental schools now.....

Practicing dentists right now would be appalled by how much dental school actually is these days. So when you ask financial advice from them, make sure you that you tell them exactly what debt figures you're looking at.....

Also, Im gonna stick to the same point Ive been making since 2003.....

In my opinion there is no point in paying more money than you have to...its not free money....its money that you have to pay back plus interest.....money that you could be keeping for yourself to live a better and more comfortable life sooner and longer 👍

Ha! Wait a minute...isn't mommy and daddy paying for your education? Get f**ing real.

 

[gryffindor]

But thanks! 🙄

You're welcome! 🙄

BTW, I re-read your first post, and really didn't see you bring up any point of discussion except the shock of the cost of your dental school. I still don't understand why you are shocked and I don't believe that you had "no idea about the financial picture." Your signature indicates you only applied to three $$$ schools, so it's not like you were banking on getting into a cheap school and are now shocked you have to pay $70,000+/year because a cheaper option didn't work out.

What do you want to hear? A pat on the back and for us to say "It's ok, you'll pay it off, everyone does. You'll still be able to afford that M5. At least you'll get to hang up an Ivy League diploma."

The projected costs of attending Penn Dental less than 10 years ago (1997, 1998, 1999, 2000) hovered at the low $50,000s. I actually am shocked it's gone up $20,000 in less than 10 years.

Anyhow, regardless of the cost, Penn is a good school (pats Marshall on the back). Who knows, I may even see you there, I'm considering teaching there in the fall. With all that tuition you're gonna be paying them, they are one of the few schools in the NYC/NJ/Philly corridor that will pay the part time clinical faculty.

So I should really thank you!

 

[marshall]

Your signature indicates you only applied to three $$$ schools, so it's not like you were banking on getting into a cheap school and are now shocked you have to pay $70,000+/year because a cheaper option didn't work out.

Penn is the most expensive of the three that I applied to. My response to your post mentioned a good point about grants which is the only real source of debt reduction for me. And you won't know about those until you've accepted and processed your financial paper work.

At least you'll get to hang up an Ivy League diploma.

Already have one of those.

The projected costs of attending Penn Dental less than 10 years ago (1997, 1998, 1999, 2000) hovered at the low $50,000s. I actually am shocked it's gone up $20,000 in less than 10 years.

By that same reasoning you should be *VERY* shocked that it has gone up by $6k in 1 year.

Anyhow, regardless of the cost, Penn is a good school (pats Marshall on the back).

I don't need to hear that. I actually think Penn is a worse school (for me) than the other two that I applied to. Personal reasons kept me at Penn. Overall I would say I am frustrated by 2 things which prompted me to create this thread:

1) Penn went up a lot... even if they warn you, that does not take away from the fact that it went up more than in previous years.

2) I know more about Penn SDM than most non-Penn people because I've worked as a researcher there this past year. Things piss me off about the place and one huge one is the tuition/fees that they charge with no visible improvements to the education you receive. Case and point: a 'technology' fee of $400+ from every student. That's 200k per year. They have a computer lounge and one small room of dent sims that are years old. There is no digital curriculum; none of the lectures are video or audio recorded and students must pay for transcription. When compared to the medical school, we are way way behind and they are cheaper. The 2005-2006 for MD @ Penn is $59,275. Just on the facilities level they are way ahead... I wish Penn would spend some of the money they take in, especially money that is strictly intended for tech upgrades, on important improvements that would greatly enhance the program's technology (online audio/video/slides).

Penn seems great for faculty though... come down and I'll buy you a beer with my loan money.