How will you pay for dental school?

[New_Vegas]

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View attachment 413371
They’re concerned with sounding cool…

Thats funny. I can't think of a single time that someone i've met has been impressed when they find out i'm a dentist. Usually, the sentiment is something of disgust - asking why I would want to work in somebody's mouth all day. A few times I've been questioned if I wasn't able to get into medical school, then picked dentistry as a backup lol. These predents are in for a rude awakening, haha.

 

[Mr.Smile12]

Thats funny. I can't think of a single time that someone i've met has been impressed when they find out i'm a dentist. Usually, the sentiment is something of disgust - asking why I would want to work in somebody's mouth all day. A few times I've been questioned if I wasn't able to get into medical school, then picked dentistry as a backup lol. These predents are in for a rude awakening, haha.

I think they consider DMD vs. DDS equivalent to DO vs. MD. Or B.A. vs. B.S. The height of bougie is preferring an A.B. over B.A. because the degree is written in Latin. (Similarly M.D. can be written out in Latin by Ivy schools, D.O. is an abbreviation taken from English from what I know.)

 

[Big Time Hoosier]

asking why I would want to work in somebody's mouth all day.

I’ve asked myself the same question…

Big Hoss

 

[JacquesVallee]

View attachment 413371
They’re concerned with sounding cool…

At least they're discussing topics that really matter!

 

[Big Time Hoosier]

At least they're discussing topics that really matter!

I’d say go with DMD just incase you go to a 6-yr OMFS residency after dental school. Having a palindrome like DMD, MD after your name will surely impress the unwashed huddled masses.

Big Hoss

 

[macsak]

I’ve asked myself the same question…

Big Hoss

"passion"

 

[Blueshirts]

I was wondering. How are the Dentaltown forum discussions on this topic?

Aside from 2 common SDN posters and maybe another 2 or 3 people, it’s pretty unanimous that they think the whole situation is terrible. Every couple of months there is a thread “would you let your kid become a dentist” and generally everyone says no

 

[D1Bound]

Aside from 2 common SDN posters and maybe another 2 or 3 people, it’s pretty unanimous that they think the whole situation is terrible. Every couple of months there is a thread “would you let your kid become a dentist” and generally everyone says no

It should be the opposite. It truly is unfortunate that that’s the sentiment around dentistry.

 

[JacquesVallee]

Someone on Reddit said Air Force HPSP requires a 490 (24AA) DAT score to be considered per an Air Force recruiter. Holy cow.

 

[SigmaFS]

Someone on Reddit said Air Force HPSP requires a 490 (24AA) DAT score to be considered per an Air Force recruiter. Holy cow.

It is such a competitive program, criteria must be set high.

 

[Mr.Smile12]

Someone on Reddit said Air Force HPSP requires a 490 (24AA) DAT score to be considered per an Air Force recruiter. Holy cow.

That seems very high. There's an old Navy HPSP presentation to a predental club that says there is a minimum DAT (18; 390) and a competitive DAT (20; 420). AF HPSP presentation (UVa) reports an average DAT for 4-year HPSP of 22 (460). I doubt there is such a high jump for the DAT requirement or the competitive DAT average.

Again, don't trust reddit.

 

[SigmaFS]

That seems very high. There's an old Navy HPSP presentation to a predental club that says there is a minimum DAT (18; 390) and a competitive DAT (20; 420). AF HPSP presentation (UVa) reports an average DAT for 4-year HPSP of 22 (460). I doubt there is such a high jump for the DAT requirement or the competitive DAT average.

Again, don't trust reddit.

How many 4-year HPSP awards are allocated to dentistry?

 

[Mr.Smile12]

How many 4-year HPSP awards are allocated to dentistry?

I wish I knew, but AF doesn't give out many awards, period. I can't say for Navy and Army other than "probably more than Air Force."

 

[JacquesVallee]

It'd be fascinating to know how many more applicants they're getting this year.

 

[SigmaFS]

I wish I knew, but AF doesn't give out many awards, period. I can't say for Navy and Army other than "probably more than Air Force."

I'll answer my questions <120 4-year HPSP awards per year. And, what, about 7000 D1 per year?

 

[TheLastDance]

Anyone entering dental school right now with the prospect of 500-600-700K school debt have no idea what they're in for with federal cap borrowing. Private lenders are going to rake you through the coals on 10-20% APY on Day 1 for that extra 300-400K you take out after the standard 200K federally unsubsidized 6-8%. For the 99%, I promise you - you'll never, ever pay back that extra 300-400K on 10-20% interest over your lifetime, in addition to your federal principal:

On a 25 year SAVE: you're at a guaranteed 800K-1M for a standard DMD/DDS with those interest rates. And forgiveness is not guaranteed based on Congress or who's President at the time.

On a 10 year IBR: realistically $6000-8000/month in loans. Do you guys know how big of a payment that is?

On a 20 year IBR: realistically $5000-6000/month for two decades after interest. A huge amount of money to just throw away to your loan account.

This is before any additional debt to become a specialist in Endo/Ortho/Prosth. OMFS and Peds get GME funding, congrats.

This is before any obvious debts to (1) run a dental practice, (2) own a home, or (3) own any asset expense outside of dentistry.

Unless you're a super 1%er GP owner, you'll never make enough money to pay through those interest payments to hit the principal.

We're in a scary moment for dental students going forward. If you don't have a wealthy family outright to pay your principal, or you don't join the military or force yourself into a 10 year PSLF (FQHC/VA), you are 100% cooked on this education and will never pay it back.

Some of my friends say "why would private loan companies exploit private lenders for a professional education?" Uh, because they can? You have 0 leverage in this on the marketplace. No private lender competitor is going to magically give you a 30% discount on interest rates just because they're nice, knowing you're forced to agree to their terms to continue going to school and graduating. You have no other choice to accept their interest terms if you have to take out 600K for dental school. Why would they charge the standard 5-8% rate that the federal loans offer?

^This should be plastered all over SDN and Reddit.

 

[JacquesVallee]

Anyone entering dental school right now with the prospect of 500-600K school debt have no idea what they're in for with federal cap borrowing. Private lenders are going to rake you through the coals on 10-20% APY on Day 1 for that extra 300-400K you take out after 200K federally unsubsidized. For the 99%, I promise you - you'll never, ever pay back that extra 300-400K on 10-20% interest over your lifetime, in addition to your federal principal:

On a 25 year SAVE: you're at a guaranteed 800K-1M for a standard DMD/DDS with those interest rates. And forgiveness is not guaranteed based on Congress or who's President at the time.

On a 10 year IBR: realistically $6000-8000/month in loans. Do you guys know how big of a payment that is?

On a 20 year IBR: realistically 5000-6000/month for two decades after interest. A huge amount of money to just throw away to your loan account.

Unless you're a super 1%er GP owner, you'll never make enough money to pay through those interest payments to hit the principal. This is before any obvious debts to (1) run a dental practice, (2) own a home, or (3) own any asset expense outside of dentistry.

We're in a scary moment for dental students going forward. If you don't have a wealthy family outright to pay your principal, or you don't join the military or FQHC, you are 100% cooked and will never pay it back. Some of my friends say "why would private loan companies exploit private lenders for a professional education?" Uh, because they can? You have 0 leverage in this on the marketplace. No private lender competitor is going to give you a 30% discount on interest rates knowing you're forced to agree to their terms to continue going to school and graduating. You have no other choice to accept their interest terms if you have to take out 600K for dental school. Why would they charge the standard 5-8% rate that the federal loans offer?

^This should be plastered all over SDN and Reddit.

Please post this on Reddit. SAVE was eliminated btw.

 

[Big Time Hoosier]

Anyone entering dental school right now with the prospect of 500-600-700K school debt have no idea what they're in for with federal cap borrowing. Private lenders are going to rake you through the coals on 10-20% APY on Day 1 for that extra 300-400K you take out after the standard 200K federally unsubsidized 6-8%. For the 99%, I promise you - you'll never, ever pay back that extra 300-400K on 10-20% interest over your lifetime, in addition to your federal principal:

On a 25 year SAVE: you're at a guaranteed 800K-1M for a standard DMD/DDS with those interest rates. And forgiveness is not guaranteed based on Congress or who's President at the time.

On a 10 year IBR: realistically $6000-8000/month in loans. Do you guys know how big of a payment that is?

On a 20 year IBR: realistically $5000-6000/month for two decades after interest. A huge amount of money to just throw away to your loan account.

This is before any additional debt to become a specialist in Endo/Ortho/Prosth. OMFS and Peds get GME funding, congrats.

This is before any obvious debts to (1) run a dental practice, (2) own a home, or (3) own any asset expense outside of dentistry.

Unless you're a super 1%er GP owner, you'll never make enough money to pay through those interest payments to hit the principal.

We're in a scary moment for dental students going forward. If you don't have a wealthy family outright to pay your principal, or you don't join the military or force yourself into a 10 year PSLF (FQHC/VA), you are 100% cooked on this education and will never pay it back.

Some of my friends say "why would private loan companies exploit private lenders for a professional education?" Uh, because they can? You have 0 leverage in this on the marketplace. No private lender competitor is going to magically give you a 30% discount on interest rates just because they're nice, knowing you're forced to agree to their terms to continue going to school and graduating. You have no other choice to accept their interest terms if you have to take out 600K for dental school. Why would they charge the standard 5-8% rate that the federal loans offer?

^This should be plastered all over SDN and Reddit.

Big Hoss

 

[D1Bound]

Gh

Anyone entering dental school right now with the prospect of 500-600-700K school debt have no idea what they're in for with federal cap borrowing. Private lenders are going to rake you through the coals on 10-20% APY on Day 1 for that extra 300-400K you take out after the standard 200K federally unsubsidized 6-8%. For the 99%, I promise you - you'll never, ever pay back that extra 300-400K on 10-20% interest over your lifetime, in addition to your federal principal:

On a 25 year SAVE: you're at a guaranteed 800K-1M for a standard DMD/DDS with those interest rates. And forgiveness is not guaranteed based on Congress or who's President at the time.

On a 10 year IBR: realistically $6000-8000/month in loans. Do you guys know how big of a payment that is?

On a 20 year IBR: realistically $5000-6000/month for two decades after interest. A huge amount of money to just throw away to your loan account.

This is before any additional debt to become a specialist in Endo/Ortho/Prosth. OMFS and Peds get GME funding, congrats.

This is before any obvious debts to (1) run a dental practice, (2) own a home, or (3) own any asset expense outside of dentistry.

Unless you're a super 1%er GP owner, you'll never make enough money to pay through those interest payments to hit the principal.

We're in a scary moment for dental students going forward. If you don't have a wealthy family outright to pay your principal, or you don't join the military or force yourself into a 10 year PSLF (FQHC/VA), you are 100% cooked on this education and will never pay it back.

Some of my friends say "why would private loan companies exploit private lenders for a professional education?" Uh, because they can? You have 0 leverage in this on the marketplace. No private lender competitor is going to magically give you a 30% discount on interest rates just because they're nice, knowing you're forced to agree to their terms to continue going to school and graduating. You have no other choice to accept their interest terms if you have to take out 600K for dental school. Why would they charge the standard 5-8% rate that the federal loans offer?

^This should be plastered all over SDN and Reddit.

This is just reality it doesn’t matter what anyone’s “dream” is. I hope people wake up before it’s too late. It would be sad to see on Fox and CNN about hundreds of dental students dropping out before they finish.

 

[Big Time Hoosier]

Gh

This is just reality it doesn’t matter what anyone’s “dream” is. I hope people wake up before it’s too late. It would be sad to see on Fox and CNN about hundreds of dental students dropping out before they finish.

Dave Ramsey waiting to talk to them on his show in 4 years be like…

Big Hoss

 

[JacquesVallee]

Gh

This is just reality it doesn’t matter what anyone’s “dream” is. I hope people wake up before it’s too late. It would be sad to see on Fox and CNN about hundreds of dental students dropping out before they finish.

Sad, but also good in that it would signal the beginning of the end of modern dental education which we here are all rooting for. I look forward to the day @Big Time Hoosier and I can retire from telling people to go to the cheapest school they get into lol.

 

[AF_Sean]

Someone on Reddit said Air Force HPSP requires a 490 (24AA) DAT score to be considered per an Air Force recruiter. Holy cow.

This is false. I remember seeing that post and trying to comment on every response. The required DAT is 390. It seems to be a reoccurring trend where other branches "slip" fake information out to the public. Last year, I spoke to someone who said their *other branch* recruiter told them the Air Force filled all their scholarships early which is why they weren't applying with us.

 

[AF_Sean]

How many 4-year HPSP awards are allocated to dentistry?

For the Air Force, it depends each year, but it seems to be anywhere between 30-45ish.

 

[JacquesVallee]

For the Air Force, it depends each year, but it seems to be anywhere between 30-45ish.

That is so few spots. Do you know how many applicants the air force typically gets?