Loan Repayment Simulator

[SigmaFS]

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Prompted Claude to build a loan repayment simulator given the recent discussions about the BBB loan limits. I used UPenn as my sample school, but you can adjust the input fields.

https://claude.ai/public/artifacts/e2144fec-d67b-4260-a4b1-bb0abae72baf

Here's a screenshot of my simulation:

 

[allantois]

Woof. The kind of info schools should be upfront about with applicants

 

[Pablo Sanchez]

Yeesh!! I graduated from UPenn in 2022 with $250,000 of debt because I had a scholarship and lived at home during school.

I make more than the average associate general dentist and don’t think it’s that hard to do, but by all means if you’re a pre-dent looking at $700k of debt at graduation, DO NOT DO IT. There are many other things you can do with a better return. Even if you specialize that $700k is going to explode while you’re in residency. No matter which way you go about it you’re going to spend forever trying to pay it off.

 

[Bigjt1420]

Yeesh!! I graduated from UPenn in 2022 with $250,000 of debt because I had a scholarship and lived at home during school.

I make more than the average associate general dentist and don’t think it’s that hard to do, but by all means if you’re a pre-dent looking at $700k of debt at graduation, DO NOT DO IT. There are many other things you can do with a better return. Even if you specialize that $700k is going to explode while you’re in residency. No matter which way you go about it you’re going to spend forever trying to pay it off.

Are there seriously schools that are $700K for 4 years? I thought the highest were USC or NYU at around $500K total

 

[Thehighwind87]

A lot of graduates are going in with undergrad loans plus graduate loans… easily 1 mil of debt. If you specialize maybe even 1.25 -1.5 mil. Bahahah that’s what you call a sucker

 

[Pablo Sanchez]

Are there seriously schools that are $700K for 4 years? I thought the highest were USC or NYU at around $500K total

I mean look at the OPs post. With the current price of Penn close to $100k of interest accrues while in school. So it’s actually $600k plus the $100k of interest so when you’re graduating you owe $700k. Absolutely insane!

 

[D1Bound]

As

Prompted Claude to build a loan repayment simulator given the recent discussions about the BBB loan limits. I used UPenn as my sample school, but you can adjust the input fields.

https://claude.ai/public/artifacts/e2144fec-d67b-4260-a4b1-bb0abae72baf

Here's a screenshot of my simulation:
View attachment 413097

As my Mormon buddy once said “you’re fricked.”

 

[Big Time Hoosier]

Prompted Claude to build a loan repayment simulator given the recent discussions about the BBB loan limits. I used UPenn as my sample school, but you can adjust the input fields.

https://claude.ai/public/artifacts/e2144fec-d67b-4260-a4b1-bb0abae72baf

Here's a screenshot of my simulation:
View attachment 413097

At least UPenn comes with a healthy dose of “prestige.” If only “prestige” could pay the bills…

Big Hoss

 

[JacquesVallee]

Are there seriously schools that are $700K for 4 years? I thought the highest were USC or NYU at around $500K total

Bro, USC is 800k now. NYU is 700k. Multiple other schools are 600k+ post interest. Times have changed a lot within the past few years .

 

[Bigjt1420]

Bro, USC is 800k now. NYU is 700k. Multiple other schools are 600k+ post interest. Times have changed a lot within the past few years .

Unreal. I graduated less than 4 years ago and my cost was 2.5x less than some schools. I always said that as a younger Millennial I got screwed (compared to the older ones) because of Covid. Guess I should be counting my blessings....

 

[JacquesVallee]

Unreal. I graduated less than 4 years ago and my cost was 2.5x less than some schools. I always said that as a younger Millennial I got screwed (compared to the older ones) because of Covid. Guess I should be counting my blessings....

Dentists who graduated 10+ years ago (who are also encouraging pre-dents to go into dentistry) don't believe it when you tell them the costs now as you can imagine.

 

[Mr.Smile12]

Claude.ai generated this (need to verify before quoting):

I've created an interactive line graph showing the dramatic increase in dental school costs over the past 25 years. Here are the key takeaways:

Major Findings:

• Resident tuition increased 216% from 2000 to 2018, with the trend continuing through 2024
• First-year resident tuition more than doubled from $25,804 in 2008-09 to $53,002 in 2018-19
• Dental school tuition has grown at approximately 7% per year over the past 40+ years

The Cost Crisis:

• The average dental school graduate now owes $296,500 in student loan debt
• Dental school costs have risen 16 times over the past 40 years, while dentist incomes have only tripled
• The average 2019 dental student graduated with $292,169 in debt

The graph shows both tuition and total cost of attendance (which includes living expenses, fees, books, and supplies), illustrating how the overall financial burden has grown significantly faster than inflation or dentist salaries.

Student loan interest rates have fluctuated significantly over the past 25 years, adding another layer to the debt burden facing dental students:

Key Interest Rate Changes:

Early 2000s:

• In 2006-07, variable interest rates were replaced with a single fixed rate of 6.8% for Stafford Loans
• From the mid-1980s through the mid-2000s, interest rates on federal student loans were variable and could be locked in as a fixed rate through consolidation

The Low Point:

• Interest rates plummeted to a historic low of 2.75% for subsidized and unsubsidized loans in 2020-21 due to the Coronavirus pandemic
• Subsidized federal Stafford Loans hit their record lowest variable interest rate of 1.72% in 2012

Recent Sharp Increases:

• From 2020-21 to 2024-25, federal student loan interest rates for undergraduates increased 137.5%, equivalent to 3.78 percentage points (from 2.75% to 6.53%)
• Interest rates rose to 3.73% in 2021 and 4.99% in 2022

Current Rates for Graduate/Professional Students (2025-26):

• Direct Unsubsidized loans for graduate students: 7.94%
• Direct PLUS loans (Grad PLUS): 8.94%

The Compounding Problem: Since most dental students rely heavily on Graduate PLUS loans (which have no borrowing limits), they're facing interest rates near 9% on debt loads approaching $300,000. This means that over a standard 10-year repayment period, a dental graduate could pay an additional $150,000+ in interest alone, bringing total repayment to well over $400,000 for their education.

 

[SigmaFS]

Claude.ai generated this (need to verify before quoting):

I've created an interactive line graph showing the dramatic increase in dental school costs over the past 25 years. Here are the key takeaways:

Maybe I missed it, but one omission is the Graduate PLUS Loan Program, which allowed unlimited financing, began July 1, 2006. Hmmm...