editInsane!! What school do you go to, and how exhausted do you find yourself after long days of studying or lab stuff after commuting?
Last edited:
editInsane!! What school do you go to, and how exhausted do you find yourself after long days of studying or lab stuff after commuting?
So my plan is to borrow no more than $200k for 4 years of d-school, and my parents would help me with the rest (which is another $150k I believe). Say I get a job that makes $120k a year, after tax that would be around $80k. If I live on $20k a year I can pay $5k a month towards my loans. As a college student I live on a budget of $800/month with 2-3 roommates and no car, so I think after I graduate $1600/month would definitely be manageable even with a car and no roommates. And of course my parents would always welcome me home to live with them too. I don't see myself getting married and having kids anytime soon so I don't have to worry about supporting a family or buying a house. Sounds like if I am disciplined I should be on the right track to pay back my loans in 3 years? @Incis0r you seem pretty savvy on loans and personal finance, what do you think of my plan?I would say if you are in about $200k in debt. You could live with your parents or family member to save a lot of personal expenses and live on $3-4K of your post tax income a month (which is what Medical residents get paid), and pay $5-6k a month towards your student loans for 3 years. That's 36 payments of $5-6k, a total of $180-216k. It's not easy, but doable for the most serious person.
So my plan is to borrow no more than $200k for 4 years of d-school, and my parents would help me with the rest (which is another $150k I believe). Say I get a job that makes $120k a year, after tax that would be around $80k. If I live on $20k a year I can pay $5k a month towards my loans. As a college student I live on a budget of $800/month with 2-3 roommates and no car, so I think after I graduate $1600/month would definitely be manageable even with a car and no roommates. And of course my parents would always welcome me home to live with them too. I don't see myself getting married and having kids anytime soon so I don't have to worry about supporting a family or buying a house. Sounds like if I am disciplined I should be on the right track to pay back my loans in 3 years? @Incis0r you seem pretty savvy on loans and personal finance, what do you think of my plan?
So my plan is to borrow no more than $200k for 4 years of d-school, and my parents would help me with the rest (which is another $150k I believe). Say I get a job that makes $120k a year, after tax that would be around $80k. If I live on $20k a year I can pay $5k a month towards my loans. As a college student I live on a budget of $800/month with 2-3 roommates and no car, so I think after I graduate $1600/month would definitely be manageable even with a car and no roommates. And of course my parents would always welcome me home to live with them too. I don't see myself getting married and having kids anytime soon so I don't have to worry about supporting a family or buying a house. Sounds like if I am disciplined I should be on the right track to pay back my loans in 3 years? @Incis0r you seem pretty savvy on loans and personal finance, what do you think of my plan?
Most schools will release their next year's numbers (tuition and fees) in 90-120 days. Expect 5% increase on average across the board. This is a good time for pre-dents to start preparing for the financial decisions that come with applying to dental schools. There is no sense of having 20+ DAT scores and 3.9 GPA, and getting themselves into high tuition schools.
I still think we are about couple of years away from seeing many graduates with $500-600k debt in just 4 years of dental school. That's the tipping point in my opinion, for many perspective students to not apply to such schools.
The annual associate dentist new graduate income has been $100-130k for the past 10-15 years.
It's certainly heading that direction. I wonder if new graduates would share their monthly payments (roughly). That would be such an important piece of information on the dental boards.Just take out taxes, insurance, student loans and BAM! You're making enough to be a Manager at McDonalds.
Army HPSP