How long are we going to be in debt?

[mid9blu]

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I was wondering how many years does the average dentists take to pay back their loans? Lets say for private schools... BU or NYU.

Thanks 🙂

 

[alfie5884]

I was wondering how many years does the average dentists take to pay back their loans? Lets say for private schools... BU or NYU.

Thanks 🙂

NYU, huh? So now you're considering it? 😀

Jen

 

[berryfremont]

just expect your kids to pay the loans back after you bite the dust

 

[PDizzle]

I heard the avg is 7 years but of course depends on where you go....obviously.


These were my choices....

USC = 10+ years
UCSF = 5 years or less hopefully

 

[hockeydentist]

Look at like this you'll always be in some type of debt.

School debt
Office debt
life debt
etccc..........

 

[xylashellx]

not many people buy their houses with cash so you are always paying a mortgage...thats basically a dept (yes i know smart-@ss answer). realistically i think that alot of people do a 30 year pay off but mostly have it done in 12 becuase you can always pay extra off at any point

 

[Kniles5]

For NYU.... at LEAST 25 years. For normally priced schools (loans of ~$150,000) I would go with the 10 year payment plan. Remember on a $150,000 loan you will pay back close to $250,000. Now, imagine what you pay back with the $300,000+ loan from those "special" schools, like NYU.

 

[mid9blu]

I'm worried that i will never stop paying those loans... cuz i wanna enjoy life after dental school 🙂 ... hopefully that is still possible.
But thanks for the input guys.

 

[polarnut]

I'm worried that i will never stop paying those loans... cuz i wanna enjoy life after dental school 🙂 ... hopefully that is still possible.
But thanks for the input guys.

well didnt you know that life in america is series of bills and other monthly, quarterly payments?

 

[savvysearch]

Depends on how much you want to pay it off. Let's say you have $200,000 to pay off. Your salary is $100,000. If you still live with your parents, it would take 3 or 4 years if you simply live to pay your loans only. The faster you pay it off, the less it will cost you in the long run.