How many times in a day do you usually think about debt in DS

[UCSFx2017]

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How often do you think about and then stress about debt while in dental school?

Do you have any advice on minimizing this occurrence beside preemptively attending the more affordable school?

I haven't even started but I'm already stressing out about it. I don't think I would be thinking so much about debt if I had convinced myself to attend my state school.

 

[iralex801]

If you are really worried, you could just join the army,navy, or air force and all the stress would go away.

Debt is just something you have to deal with if you want to go to dental school. Try not to stress about it because there's really nothing you can do at this point.

Honestly, you won't have time to stress about finances while in dental school when you're stressed with school/lab haha. You're just stressing now because of the free time 🙂.

 

[HupHolland]

graduated with $250k, and only think about it twice a month... once when I see it is taken out of my bank account and again when I put any left over money towards the balance.

hup

 

[Silent Cool]

graduated with $250k, and only think about it twice a month... once when I see it is taken out of my bank account and again when I put any left over money towards the balance.

hup

What if you had 500K in loans as many people do now coming out of private dental schools?

 

[Silent Cool]

How often do you think about and then stress about debt while in dental school?

Do you have any advice on minimizing this occurrence beside preemptively attending the more affordable school?

I haven't even started but I'm already stressing out about it. I don't think I would be thinking so much about debt if I had convinced myself to attend my state school.

Why on earth would you not attend the cheaper school? You passed up a state school?? Why???

 

[KittySquared]

If you think about your debt more than women, it's time to see a shrink.

 

[suarez 7]

What if you had 500K in loans as many people do now coming out of private dental schools?

The ROI would be garbage for that type of debt, why anyone would put themselves through that terror is beyond me. I especially feel bad for the women who take $300k+ in loans, even when they wanted to settle down and have children, they have to continue working because they are chained to those loans.

 

[KittySquared]

why anyone would put themselves through that terror is beyond me.

When daddy's rich, it's all good.

jk

 

[Frank22]

If you think about your debt more than women, it's time to see a shrink.

👍👍👍

 

[Silent Cool]

The ROI would be garbage for that type of debt, why anyone would put themselves through that terror is beyond me. I especially feel bad for the women who take $300k+ in loans, even when they wanted to settle down and have children, they have to continue working because they are chained to those loans.

Well, many private schools will cost that now. Check out the thread about taking out 750K to be an orthodontist.

 

[DrJeff]

What if you had 500K in loans as many people do now coming out of private dental schools?

But yet many folks when looking at a "typical" dentists salary wouldn't even think twice about a 500k mortage. It's all perspective, since most will choose to consolidate their loans with a 30yr payoff after graduation

Will 500k in student loan debt cause one initially to be looking at a lower home mortgage amount?? Likely Is it insurmountable, no way

 

[txaggie03]

Well, many private schools will cost that now. Check out the thread about taking out 750K to be an orthodontist.

Yep. The world is full of stupid people making stupid choices.

 

[charlestweed]

Yep. The world is full of stupid people making stupid choices.

We all make stupid choices in our lives. And we learn from our mistakes. A successful person has the abilities to deal with and to correct his/her own mistakes.

 

[djeffreyt]

How often do you think about and then stress about debt while in dental school?

Do you have any advice on minimizing this occurrence beside preemptively attending the more affordable school?

I haven't even started but I'm already stressing out about it. I don't think I would be thinking so much about debt if I had convinced myself to attend my state school.

Rx: Vodka (100 proof Ethyl Alcohol)
Disp: 750 mL
Sig: Take one shot every 2-5 minutes until stress relieved or your ugliest classmate looks super hot.

 

[txaggie03]

We all make stupid choices in our lives. And we learn from our mistakes. A successful person has the abilities to deal with and to correct his/her own mistakes.

Or learn from those who already made the mistake, as to not fall into consequences of the same foolish choice.

 

[HupHolland]

What if you had 500K in loans as many people do now coming out of private dental schools?

I don't think I'd choose to be a dentist if I was going to be 500k in debt.

hup

 

[yappy]

500k? Where... USC or NYU?

Why do we talk as if this 500k as if it's so prevalent. Nearly every state has a state DS.

 

[txaggie03]

500k? Where... USC or NYU?

Why do we talk as if this 500k as if it's so prevalent. Nearly every state has a state DS.

Everyone seems to thrive on sensationalism.

Couple that with the fact that many seem unwilling to actually think about if what they are hearing even makes sense, and you have a perpetual motion machine.

 

[GTFOOMICT]

Not a student, still a resident.

I think about it every day. I am against unsecured debt. Student loans are a prime example. So I want them gone ASAP.

I look at my mint.com account and my 6 figure negative net worth every day. But it's ok. My sister looks at her $25k school loans with more terror than we all do. She is a teacher. We have the earning power to make things happen.

My earnings as a couple resemble that of a productive dentist. We pay massive amounts of my loans ahead of schedule. I know it's possible to be debt free very quickly.

 

[NDPitch]

Nearly every state has a state DS.

I wouldn't quite say "nearly every state". 32 out of 50 states have public dental schools. That leaves 18 states where applicants have to gun for a spot in a state school that is cheaper (assuming you can get state residency, some don't allow it), or go private. This is still a pretty big number of states without public schools. If anyone is curious, here is a list of states that DO have public dental schools.

Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virgina

Keep in mind that some of these public schools accept all or mostly state residents only. This leaves the following 18 states and D.C. that DO NOT have public dental schools. Students from these areas do tend to have it a little harder because they don't have any public schools.

Alaska, Arizona, Arkansas, Delaware, D.C., Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont, Wisconsin, Wyoming

This is NOT to say people with public schools have it way easier, all of them are hard to get into. But at least they have an "in state" option to shoot for.

 

[UCSFx2017]

I wouldn't quite say "nearly every state". 32 out of 50 states have public dental schools. That leaves 18 states where applicants have to gun for a spot in a state school that is cheaper (assuming you can get state residency, some don't allow it), or go private. This is still a pretty big number of states without public schools. If anyone is curious, here is a list of states that DO have public dental schools.

Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virgina

Keep in mind that some of these public schools accept all or mostly state residents only. This leaves the following 18 states and D.C. that DO NOT have public dental schools. Students from these areas do tend to have it a little harder because they don't have any public schools.

Alaska, Arizona, Arkansas, Delaware, D.C., Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont, Wisconsin, Wyoming

This is NOT to say people with public schools have it way easier, all of them are hard to get into. But at least they have an "in state" option to shoot for.

Howard is in D.C.

 

[NDPitch]

Howard is a private school, but it is one of the cheaper private schools.

 

[NoPresident]

-

 

[NoPresident]

I wouldn't quite say "nearly every state". 32 out of 50 states have public dental schools. That leaves 18 states where applicants have to gun for a spot in a state school that is cheaper (assuming you can get state residency, some don't allow it), or go private. This is still a pretty big number of states without public schools. If anyone is curious, here is a list of states that DO have public dental schools.

Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virgina

Keep in mind that some of these public schools accept all or mostly state residents only. This leaves the following 18 states and D.C. that DO NOT have public dental schools. Students from these areas do tend to have it a little harder because they don't have any public schools.

Alaska, Arizona, Arkansas, Delaware, D.C., Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont, Wisconsin, Wyoming

This is NOT to say people with public schools have it way easier, all of them are hard to get into. But at least they have an "in state" option to shoot for.

Utah doesn't have a public dental school, well, at least not yet. Roseman which opened a couple years ago and charges 76k (tuition and fees) for entering D1s. The University of Utah is slated to accept their first dental class of 20 for fall 2013; they are charging ~36k/year.

Anyway, I pretty much agree with you NDPitch. I had no in-state option when applying and little to no opportunity to participate in an exchange programs. In addition to private schools, several public institutions accepted me but at OOS tuition rates which (shockingly) exceeded many private schools - I'm looking at you UIC, Indiana, et. al...

 

[Lethstang]

If you are losing sleep over your debt you have a few avenues. One is tojoin the military. Uncle sam will take care of you. Two is to work in a rural area after school which will command higher compensation. Many new grads arent willing to do this.

 

[doc toothache]

Should be thinking about the debt every time one picks up a 6 pack.

 

[txaggie03]

If you are losing sleep over your debt you have a few avenues. One is tojoin the military. Uncle sam will take care of you.

"If you are losing sleep over your debt, you have a few avenues. One is to join the military. The backs of the American taxpayer will foot the bill in exchange for your time and freedom to move."




fixed it for you.

 

[cmcner]

"If you are losing sleep over your debt, you have a few avenues. One is to join the military. The backs of the American taxpayer will foot the bill in exchange for your time and freedom to move."




fixed it for you.

A dentist making $150,000 a year for 40 years will pay about $2,400,000 in income taxes during that time. God forbid he/she gets some loan forgiveness using a fraction of the money that they personally put in.

 

[txaggie03]

A dentist making $150,000 a year for 40 years will pay about $2,400,000 in income taxes during that time. God forbid he/she gets some loan forgiveness using a fraction of the money that they personally put in.

Cool use of "future" money as justification.


I plan to own a multi-billion dollar business and raise six tax paying children.

How much can I get now?

Just because you can, doesn't mean you should.

 

[cmcner]

No point to join the country club if you're not going to use the pool, we pay into shared services, I plan to use shared services which is loan forgiveness, that's why i'm paying in. Why do you think taxes exist?

 

[txaggie03]

No point to join the country club if you're not going to use the pool, we pay into shared services, I plan to use shared services which is loan forgiveness, that's why i'm paying in. Why do you think taxes exist?

If you'll read above, I merely corrected the sentence. And stated it as such.


The original point of my jest was for you to actually think about where that 'free' money comes from, and what you have to do, both short term and long, for it to be available. No more, no less.

What followed, was me laughing at your justification for gobbling it up.