How do handle the financial stress

[Some1]

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Hi there,

I have just been admitted to one of the best dental schools in US. However, just as expected, the cost of attending the school is out of this world. By the time I graduate, I'll be in debt of about 350K.
My question to current/former dental students is that how do you manage financial worry of attending dental school. I mean... how do you overcome the stress of financial burden while attending the school?
Talking to a few senior students during the interview, they told me that financial worry wouldn't be on my mind since most of my mind would be occupied with keeping up with studies....

Thanks

 

[1FutureDDS]

There are people attending just about every dental school in the nation on this forum, so I wouldn't outright claim "the best dental school" in front of everyone else.

Also, 350k in debt is obviously the worst choice dental school.

Do what they say, focus on studies, and not the fact that you will be paying loans back......forever...


Edit: I know you said "one of the" but that is just a nice way of saying "the best"

 

[fightingspirit]

Hi there,

I have just been admitted to one of the best dental schools in US. However, just as expected, the cost of attending the school is out of this world. By the time I graduate, I'll be in debt of about 350K.
My question to current/former dental students is that how do you manage financial worry of attending dental school. I mean... how do you overcome the stress of financial burden while attending the school?
Talking to a few senior students during the interview, they told me that financial worry wouldn't be on my mind since most of my mind would be occupied with keeping up with studies....

Thanks

one needs to look at the big picture. keep your eye on the prize, not the cost of it. be frugal while at d-school. instead of going to the theatre, think of renting netflix. instead of eating out, consider going to the store, getting chicken breast, turkey and other foods so that you'd cook wholesome afforadable meals for yourself. instead of buying denims from diesel, consider gap or k-mart; instead of drinking in a bar, consider inviting some friends over and getting your own drinks from liquor store....etc. d-school is a great exercise in money management. it may be one of the best ways to learn frugality. 🙂

 

[MALOKINMARTIN]

Nancy boy obviously thought it was important enough to mention that he will be going to the best school on a totally unrelated thread. Nice going. Score one for the extroverted.

 

[Omahahahaha]

I have just been admitted to one of the best dental schools in US. However, just as expected, the cost of attending the school is out of this world. By the time I graduate, I'll be in debt of about 350K.

Just because the school is so GD expensive doesn't mean it is one of the best in the country...

On topic, you need to look at your dental education as an investment in yourself. There is no better investment, because YOU alone are in control of your ability to learn, earn, and pay it back, and live your life. Therefore, stress shouldn't be a factor. I only stress about situations that I have zero control over.

 

[maksidaa]

i think it's too much money. find somewhere else to go. check the averages for debt coming out of school and see if you can't find a better place to spend less money. who cares if it's "one of the best". it's still just teeth and you'll still just be a dentist, except you'll be a dentist that gives a lot of money to other people. even at a 3% interest rate, you'll probably end up paying close to $1 million for your education. if you pay $2k a month in payments, half of that will go towards just interest for that year. i would even venture to say that if you can't find anywhere else to go this year, just reapply and go somewhere else.

 

[Dr. Dai Phan]

Hi all,

I now owned 256,000 K for 16 years of college including residency and fellowship. It is sad that I can't claim a single cent as tax deduction since I make more than 60K a year and not married with kids. I thought my debt is excessive but looking at the dental tuition nowadays, mine is not too bad. I also noticed the increasing difficulty in getting in dental school as well as the high GPA and DAT scores. Just a few years ago, someone told me that dental school entrance is cake but now it is the "dog eats dog" out there... DP