NYU College of Dentistry Class of 2026 Interview/Acceptance Thread

I have an interview on Jan 27!
Stats:
cGPA 3.53 (I got a 0 for a course because my deferred exam wasn't approved by my school)
science GPA 3.89
cDAT: Bio28 Reading 27 PAT 21 Chem 22
application completion: Nov. 30 (yeah I'm super late lol)
 
Declining my spot. Hoping it goes to one of you! Good luck to all!
 
interviewed on 11/3
out of state
21 AA, 3.7 GPA
accepted

will be declining if anyone wants hope
 
According to NYU's website, this is what the cost is:

(Tution + Living expenses)
D1: $102,861 + $41,604
D2: $102,160 + $41,604
D3: $102,160 + $41,604
D4: $102,160 + $38,138
Total: $572,291
HOWEVER, this is without interest.

If you want to know how much you will graduate, with interest, it becomes the following:
D1: [$102,861 + $41,604](1.07^4)
D2: [$102,160 + $41,604](1.07^3)
D3: [$102,160 + $41,604](1.07^2)
D4: [$102,160 + $38,138](1.07)
Total with interest: $680,195

But that's not all. The school historically hikes up the tuition prices 5% or more every year. So that $680k is actually an underestimate. If you add in the yearly tuition hikes, the grand total will easily be between $700-800k.
So, those "people" who keep "raising the cost to 700-800k" are totally right.

If this number doesn't scare you, it should. It should scare the living hell out of you.

If you plan to have your "debt forgiven", I hope you also save up $1,000,000 or so for the impending tax bomb you will receive.
That's what NYU posts up because they want you to get full loans for emergencies, but none of the students use that much a year. An apartment 5-10 minutes walk away is $1500-1800 including utilities. Expensive, but this still doesn't fit in to your numbers. I know because I've looked at multiple. Ultimately, I'm a native new yorker so I decided to commute, saving me a whole $1.5k+. After rent, $1k a month is plenty, with most students using way less, some using $500 and under. I use about $400 including my metrocard. The average is probably $1700 + $600, which brings it to $2300. A year, that's $28k as opposed to $41k as per NYU. So that $680k is now $620k after interest for a student who is living 10 minutes away.

Edit: Regarding the bolded statement. I calculated my tax bomb of my debt by graduation 480k (inclusive of tax) to be 187k in 25 years with REPAYE with a total forgiveness of 617k. I also calculated it to be 295k if I lived outside and had accrued 650k by graduation. Yes, again, expensive, but in 25 years, 187k and 295k would have very literally half the buying power of today, which would make it 100k and 150k respectively. Also, if I were to put $250 a month into an ETF and expect a reasonably low 10%, then in 25 years, I would literally have $296k. Since I only owe $480k, I only need to put $160 a month to get 189k. This frees up the rest of my money to either invest in more stocks, buy a house, or start my own practice. This is practically a no brainer that only people who can't handle the thought of leveraging debt can say is bad. It's like a financial analyst speaking with a Dave Ramsey follower. It's the "credit cards are bad..." except for people who know how to use them correctly. So, where are you getting this ridiculous 1 million dollar impending tax bomb fromy?
 
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new york city is the most expensive place to live also nyu has hidden fees not posted therefore make nyu the most expensive school to attend.
Not really, the "hidden fees" aren't that different than what is posted. In fact, I added up all the fees and it came out to $9676, which is less than what is posted.
 
Hi All - why is this so quiet. one of the biggest school with the minimum noise here so it seems every one here has already gotten to NYU or other places. DO you mind like this message if you still looking for interview or did not hear after interview? It is so surprising that the accepted students on facebook are also not even 70 so this is very surprising? with this vote we can know how many are there. If you want we can do another vote on accepted students if you want.
 
Just dropped my spot. Best of luck! Hope my spot goes to someone who knows this is the school for them. Stay positive.
 
It seems we have just a few number of students waiting for their turn so rest all seems gotten offers or are no more following SDN.
Is there anyone interviewing next week or after in Feb\March if we can check on that so confirm pls?
 
So, where are you getting this ridiculous 1 million dollar impending tax bomb fromy?
Your numbers are way too low. Perhaps you are estimating that you will make a lot more money than you will.

Read this whole article: Mike Meru Has $1 Million in Student Loans. How Did That Happen?

This guy owed $601,506 after dental school AND ortho residency. So he makes more money than general dentists, and on his IBR he will have a $700,000 tax bomb. And that's with his higher salary as an orthodontist compared to a general dentist.

To quote the article: "Since refinancing his debt with the federal government in 2015, lowering the rate to 7.25%, Mr. Meru’s balance has grown by $148,948. It will keep growing through the 25-year life of the repayment plan until it reaches $2 million. That sum will be forgiven and, at current tax rates, could cost Mr. Meru more than $700,000 in income tax payments."

With a lower salary, and a higher school debt burden than $600k, it is feasible that someone's tax bomb could be closer to a million when their debt is "forgiven".
 
TThe average is probably $1700 + $600, which brings it to $2300.

my debt by graduation 480k (inclusive of tax)
Also, you are way, way off on your calculation of the cost of school. I just crunched the numbers. If you live off $2,300 per month, which you claimed you can, the total of tuition + living costs + tax = $617,374.76.

Not much different.

1643352547633.png


My condolences to whoever has to start off their professional life with this kind of debt burden ^ 🙁
 
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Also, you are way, way off on your calculation of the cost of school. I just crunched the numbers. If you live off $2,300 per month, which you claimed you can, the total of tuition + living costs + tax = $617,374.76.

Not much different.

View attachment 349147

My condolences to whoever has to start off their professional life with this kind of debt burden ^ 🙁
Aren't there many other schools that will also cause this debt unfortunately? For example, Tufts, Touro, Western, and many others
 
Also, you are way, way off on your calculation of the cost of school. I just crunched the numbers. If you live off $2,300 per month, which you claimed you can, the total of tuition + living costs + tax = $617,374.76.

Not much different.

View attachment 349147

My condolences to whoever has to start off their professional life with this kind of debt burden ^

Aren't there many other schools that will also cause this debt unfortunately? For example, Tufts, Touro, Western, and many others
I am from Canada and we can finish Dentistry with $ 250K (USD 200K) including everything with same standard (may be higher) but unfortunately you would need 90%+ so we look at USA to become dentist so it is like demand and supply there is demand for dentistry?
it will take next 5 years or so when this debt level will not be affordable currently it is not too bad I guess may be your dentist in USA are making that kind of money? any one know how much one can start earning from day 1?
How is job market in USA? if some one can throw some highlight on opportunities please as cost is bound to go up every year.
 
also just to clarify when I say 90% means GPA of over 3.85 required to be competitive and average accepted students GPA is much higher like university of toronto has 3.95 last few years so it is crazy they do not look at other things like USA does like extra curricular and experience so that crazy........
 
Your numbers are way too low. Perhaps you are estimating that you will make a lot more money than you will.

Read this whole article: Mike Meru Has $1 Million in Student Loans. How Did That Happen?

This guy owed $601,506 after dental school AND ortho residency. So he makes more money than general dentists, and on his IBR he will have a $700,000 tax bomb. And that's with his higher salary as an orthodontist compared to a general dentist.

To quote the article: "Since refinancing his debt with the federal government in 2015, lowering the rate to 7.25%, Mr. Meru’s balance has grown by $148,948. It will keep growing through the 25-year life of the repayment plan until it reaches $2 million. That sum will be forgiven and, at current tax rates, could cost Mr. Meru more than $700,000 in income tax payments."

With a lower salary, and a higher school debt burden than $600k, it is feasible that someone's tax bomb could be closer to a million when their debt is "forgiven".
Ok, I'm open for discussion and here's my response.

1) The numbers I calculated were for my personal situation, not Mike Meru's or incoming students. My interest is way lower at 5.5%-6% as opposed to 7.25% (with one year in the pandemic being 4.3%+4.9%), and with a whole 2 years of suspended interest, that is what's going to be for me, not everyone else, sorry if I did not specify that.

2) There's a few things wrong with the article. You cannot refinance with the federal government because that's not a thing. The term is called consolidation. The writer clearly doesn't have much knowledge on this and is only reporting it for reactions so how can we trust this article if it can't even get such basic terms of policies correct? Going further, the article also states that he is doing a 25 year plan, which means that he is doing REPAYE. With REPAYE, the government is responsible for 50% of unpaid interest that accrues so he actually owes less than $2m+, more around $1.5m. However, if I do the calculation without the government payments, then it does end up to slightly over $2m, so I can confirm that they just completely forgot about that in their calculations or didn't even know about it. That means that they really have no idea what they're talking about.

To follow up, according to my calculations and with today's marginal tax brackets, he will actually owe about $500k from $1.5m (marginal tax rate of 37% and effective tax rate of 34.3%). Yes, crazy, but still not $700k-$800k and nowhere near $1m as claimed. And that number is from his 7.25% interest rate. With a rate around 6%, the ending number would be much lower, around $300k.

Also, you are way, way off on your calculation of the cost of school. I just crunched the numbers. If you live off $2,300 per month, which you claimed you can, the total of tuition + living costs + tax = $617,374.76.

Not much different.

View attachment 349147

My condolences to whoever has to start off their professional life with this kind of debt burden ^ 🙁

Right. Your previous post mentions $680k and used that to make it seem like it's closer to the alleged $700k-$800k. My calculations showed $620k, so I'm not sure what you're saying is "way off."

See my original calculation:

So that $680k is now $620k after interest for a student who is living 10 minutes away.

Both your calculations and my calculations show that it is much closer to $620k. As for REPAYE, because we're in a lower interest rate time, any current D1-D4 with $620k loans aren't going to need $1m for the tax bomb.
 
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Im just actually curious because i am accepted to Tufts and MWU IL and just interviewed at NYU, all 3 of the tuitions are very close in range, so I am actually curious how I could help come to decision within financial terms. Rutgers, my state school has waitlisted me, and I just interviewed at LECOM which has the cheapest tuition by far but dont know how the school is
 
Ok, I'm open for discussion and here's my response.

1) The numbers I calculated were for my personal situation, not Mike Meru's or incoming students. My interest is way lower at 5.5%-6% as opposed to 7.25% (with one year in the pandemic being 4.3%+4.9%), and with a whole 2 years of suspended interest, that is what's going to be for me, not everyone else, sorry if I did not specify that.

2) There's a few things wrong with the article. You cannot refinance with the federal government because that's not a thing. The term is called consolidation. The writer clearly doesn't have much knowledge on this and is only reporting it for reactions so how can we trust this article if it can't even get such basic terms of policies correct? Going further, the article also states that he is doing a 25 year plan, which means that he is doing REPAYE. With REPAYE, the government is responsible for 50% of unpaid interest that accrues so he actually owes less than $2m+, more around $1.5m. However, if I do the calculation without the government payments, then it does end up to slightly over $2m, so I can confirm that they just completely forgot about that in their calculations or didn't even know about it. That means that they really have no idea what they're talking about.

To follow up, according to my calculations and with today's marginal tax brackets, he will actually owe about $500k from $1.5m (marginal tax rate of 37% and effective tax rate of 34.3%). Yes, crazy, but still not $700k-$800k and nowhere near $1m as claimed. And that number is from his 7.25% interest rate. With a rate around 6%, the ending number would be much lower, around $300k.



Right. Your previous post mentions $680k and used that to make it seem like it's closer to the alleged $700k-$800k. My calculations showed $620k, so I'm not sure what you're saying is "way off."

See my original calculation:



Both your calculations and my calculations show that it is much closer to $620k. As for REPAYE, because we're in a lower interest rate time, any current D1-D4 with $620k loans aren't going to need $1m for the tax bomb.
How would I go about calculating this for someone starting this coming school year? lets use the max loan numbers for NYU which is about 135k per year
 
The only difference is COL right? and Boston isn't much better than NYC
 
How would I go about calculating this for someone starting this coming school year? lets use the max loan numbers for NYU which is about 135k per year
Unfortunately the interest rates are variable by year, so you can't really make a good estimate until at least D2-D3 and have a few years already locked in. Interest rates are usually decided by April-June of each year. Personally, I think 6.5% is a good estimate to go by per year, and we have dwaddled around 6% and for the past 3 years at 6.5% 2019, 4.9% 2020, and 6% 2021 if you took out 95k in loans (you can see the historical interest rates here). I haven't done the math but I estimate that'll end you somewhere between 350k-400k tax bomb assuming today's 37% federal interest rate.

If you're serious about this, then plan for 650k of debt, at 6.5% and a 400k tax bomb. I personally recommend looking into personal finance principles. Know the stock market (no meme **** like GME or AMC), and know about debt leverage because REPAYE is basically that: a big debt leverage. Know that you must use the opportunity of paying less loan payments per month to accumulate as much wealth as possible, and ways to do that are to start your own practice, invest, real estate. 400k tax bomb is not bad if you do any or all of these. It's terrible if you don't do anything useful with the extra money.
 
Ok, I'm open for discussion and here's my response.

1) The numbers I calculated were for my personal situation, not Mike Meru's or incoming students. My interest is way lower at 5.5%-6% as opposed to 7.25% (with one year in the pandemic being 4.3%+4.9%), and with a whole 2 years of suspended interest, that is what's going to be for me, not everyone else, sorry if I did not specify that.

2) There's a few things wrong with the article. You cannot refinance with the federal government because that's not a thing. The term is called consolidation. The writer clearly doesn't have much knowledge on this and is only reporting it for reactions so how can we trust this article if it can't even get such basic terms of policies correct? Going further, the article also states that he is doing a 25 year plan, which means that he is doing REPAYE. With REPAYE, the government is responsible for 50% of unpaid interest that accrues so he actually owes less than $2m+, more around $1.5m. However, if I do the calculation without the government payments, then it does end up to slightly over $2m, so I can confirm that they just completely forgot about that in their calculations or didn't even know about it. That means that they really have no idea what they're talking about.

To follow up, according to my calculations and with today's marginal tax brackets, he will actually owe about $500k from $1.5m (marginal tax rate of 37% and effective tax rate of 34.3%). Yes, crazy, but still not $700k-$800k and nowhere near $1m as claimed. And that number is from his 7.25% interest rate. With a rate around 6%, the ending number would be much lower, around $300k.



Right. Your previous post mentions $680k and used that to make it seem like it's closer to the alleged $700k-$800k. My calculations showed $620k, so I'm not sure what you're saying is "way off."

See my original calculation:



Both your calculations and my calculations show that it is much closer to $620k. As for REPAYE, because we're in a lower interest rate time, any current D1-D4 with $620k loans aren't going to need $1m for the tax bomb.

Unfortunately the interest rates are variable by year, so you can't really make a good estimate until at least D2-D3 and have a few years already locked in. Interest rates are usually decided by April-June of each year. Personally, I think 6.5% is a good estimate to go by per year, and we have dwaddled around 6% and for the past 3 years at 6.5% 2019, 4.9% 2020, and 6% 2021 if you took out 95k in loans (you can see the historical interest rates here). I haven't done the math but I estimate that'll end you somewhere between 350k-400k tax bomb assuming today's 37% federal interest rate.

If you're serious about this, then plan for 650k of debt, at 6.5% and a 400k tax bomb. I personally recommend looking into personal finance principles. Know the stock market (no meme **** like GME or AMC), and know about debt leverage because REPAYE is basically that: a big debt leverage. Know that you must use the opportunity of paying less loan payments per month to accumulate as much wealth as possible, and ways to do that are to start your own practice, invest, real estate. 400k tax bomb is not bad if you do any or all of these. It's terrible if you don't do anything useful with the extra money.
Hey and what could be return on that investment then? is is possible for earn $ 250K per year in USA for first few years of career?
 
Unfortunately the interest rates are variable by year, so you can't really make a good estimate until at least D2-D3 and have a few years already locked in. Interest rates are usually decided by April-June of each year. Personally, I think 6.5% is a good estimate to go by per year, and we have dwaddled around 6% and for the past 3 years at 6.5% 2019, 4.9% 2020, and 6% 2021 if you took out 95k in loans (you can see the historical interest rates here). I haven't done the math but I estimate that'll end you somewhere between 350k-400k tax bomb assuming today's 37% federal interest rate.

If you're serious about this, then plan for 650k of debt, at 6.5% and a 400k tax bomb. I personally recommend looking into personal finance principles. Know the stock market (no meme **** like GME or AMC), and know about debt leverage because REPAYE is basically that: a big debt leverage. Know that you must use the opportunity of paying less loan payments per month to accumulate as much wealth as possible, and ways to do that are to start your own practice, invest, real estate. 400k tax bomb is not bad if you do any or all of these. It's terrible if you don't do anything useful with the extra money.
Okay I see what you mean. So I should expect 650k debt with 400k tax bomb assuming I do REPAYE and pay smallest monthly payments. If I'm smart and invest my money throughout my career, then I should have plenty saved so that tax bomb isn't too hurtful. Are you a current dental student?
 
Okay I see what you mean. So I should expect 650k debt with 400k tax bomb assuming I do REPAYE and pay smallest monthly payments. If I'm smart and invest my money throughout my career, then I should have plenty saved so that tax bomb isn't too hurtful. Are you a current dental student?
I am also deciding to join dental school so trying to calculate what would be avg net worth when one would turn 50.
 
Hey and what could be return on that investment then? is is possible for earn $ 250K per year in USA for first few years of career?
Possible if you're an owner, or a really high production associate in a rural area. I would assume $160k-$180k as an associate, and then $200k+ as an owner (can't give a range as it is huge).

Okay I see what you mean. So I should expect 650k debt with 400k tax bomb assuming I do REPAYE and pay smallest monthly payments. If I'm smart and invest my money throughout my career, then I should have plenty saved so that tax bomb isn't too hurtful. Are you a current dental student?
Yeah, maybe not the "smallest" monthly payments, but if you're making appropriate payments on a reasonable salary, 400k tax bomb on 650k debt by graduation is an appropriate assumption. It's probably just slightly on the higher side of the actual but I would plan for that just in case. You also have to think about inflation, so you can't think about that 400k in 25 years as 400k now, it is more like think about it as 200k now. In 25 years, you'll have to pay the equivalent of what is 200k today.

And yes, the great thing about REPAYE is to borrow now, pay later. This is literally what finance/rich people do to make money. If you use it wisely, money will make you more money. Everyone is always so preoccupied looking at the end tax bomb but that's not what is important. What do I care if I have to pay 400k if I can accrue millions in between that time? Think of it like that and look at how much money this opportunity can make you before you pay the tax bomb. A simple $400 a month after graduation into an ETF at a reasonable 10% a year will make you $500k after 25 years. After you make your monthly payments, you'll still have like 5k left to create more wealth (compared to if you used 7k to pay off the loan in 10 years which is probably the worst thing for you in a financial standpoint). With that few thousand, you can: 1) Invest more money. If a measley 400 a month can become 500k in 25 years, what will another 2k a month become in 25 years? The answer is $2.5m and you'll still have a few thousand left for the next two options. 2) Buy a 2 fam house and then rent it out creates passive income and helps your tax code. 3) Become an owner can increase your salary a lot. These are the ways to create wealth. And yes I am a current dental student but I have a background in accounting with multiple friends and family in finance as well. First time I looked at REPAYE, I saw what a crazy deal it was for the financial saavy. You think Jeff Bezos will liquidate his stocks to pay for a house? No, he will take out a loan so he can make sure most of his money stays in the stock/real estate market as long as possible. Most people won't realize it or do it though because the debt is also an emotional thing.

Last but not least, I'm not saying all this is easy. It's going to be hard, and you must be disciplined and make the right moves.
 
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Possible if you're an owner, or a really high production associate in a rural area. I would assume $160k-$180k as an associate, and then $200k+ as an owner (can't give a range as it is huge).


Yeah, maybe not the "smallest" monthly payments, but if you're making appropriate payments on a reasonable salary, 400k tax bomb on 650k debt by graduation is an appropriate assumption. It's probably just slightly on the higher side of the actual but I would plan for that just in case. You also have to think about inflation, so you can't think about that 400k in 25 years as 400k now, it is more like think about it as 200k now. In 25 years, you'll have to pay the equivalent of what is 200k today.

And yes, the great thing about REPAYE is to borrow now, pay later. This is literally what finance/rich people do to make money. If you use it wisely, money will make you more money. Everyone is always so preoccupied looking at the end tax bomb but that's not what is important. What do I care if I have to pay 400k if I can accrue millions in between that time? Think of it like that and look at how much money this opportunity can make you before you pay the tax bomb. A simple $400 a month after graduation into an ETF at a reasonable 10% a year will make you $500k after 25 years. After you make your monthly payments, you'll still have like 5k left to create more wealth (compared to if you used 7k to pay off the loan in 10 years which is probably the worst thing for you in a financial standpoint). With that few thousand, you can: 1) Invest more money. If a measley 400 a month can become 500k in 25 years, what will another 2k a month become in 25 years? The answer is $2.5m and you'll still have a few thousand left for the next two options. 2) Buy a 2 fam house and then rent it out creates passive income and helps your tax code. 3) Become an owner can increase your salary a lot. These are the ways to create wealth. And yes I am a current dental student but I have a background in accounting with multiple friends and family in finance as well. First time I looked at REPAYE, I saw what a crazy deal it was for the financial saavy. You think Jeff Bezos will liquidate his stocks to pay for a house? No, he will take out a loan so he can make sure most of his money stays in the stock/real estate market as long as possible. Most people won't realize it or do it though because the debt is also an emotional thing.

Last but not least, I'm not saying all this is easy. It's going to be hard, and you must be disciplined and make the right moves.
This is actually really helpful! It is all about investing the money you make to make more money with it, but how do you figure 7k a month what salary are you going off there? I appreciate it, and where do you go to school?
 
This is actually really helpful! It is all about investing the money you make to make more money with it, but how do you figure 7k a month what salary are you going off there? I appreciate it, and where do you go to school?
Sure. I'm a D3 at NYU but again, I have an accounting background. The 7k a month is the monthly payment of a repayment plan at 650k debt @ a refinanced 3.5% in a 10 year traditional repayment plan (it's actually closer to 6.5k). This is NOT repaye, so salary doesn't matter here, all that matters is how much you owe and how much time you have to pay it off.

In comparison, REPAYE is a 25 repayment plan and does need your income for repayment calculations. At a 170k annual income, your repayment is roughly $1.2k. That means if you were to do REPAYE and compare it to a traditional repayment plan, you have to compare it to 6.5k. (you need to use 6.5k because you need to compare both the plans) so after paying 1.2k a month to REPAYE and another 500 into ETFs for the tax bomb, you are left with roughly 4.5k left to invest/start a practice/buy a house/accrue wealth with other means. That 4.5k is a lot because it essentially puts you ahead. Money makes more money, so the faster you have money to work with, the more money you have at the end.

See my chart below.

1643484334937.png


Edited: some numbers.

So assuming you graduate dental school at 30, and work for the next 25 years, you can see a side by side comparison of how much wealth you can accrue with both plans.

At 55 years old, the dentist who went through REPAYE has accrued 2.9m+ in investments, a house, and a mortgage debt of 124k left. The dentist who did the 10 year traditional plan has accrued 1.6m+, a house, and a mortgage debt of 315k. Again, money makes you money, and the earlier you have money, the better off you are at the end.

So yes, you paid the scary 500k in tax bomb, but how much better off are you? Even if your tax bomb was a whole 1m like some claims, you are still literally nearly a whole million wealthier than traditional repayment. This is what is called debt leveraging (using debt as an investment) and is primarily how the rich get richer. But I do warn you. Again, this is a plan for the disciplined. You must actually do something with your money, if it's sitting in a savings bank for years, then you lose. It's going to be hard, but you can make it if you are well informed and disciplined.

I'm glad my post helps you, because I also believe dental students should be well informed in finance matters.
 
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Did anyone interview in January and not get any updates yet on the portal?
 
I didn’t realize that I had a chance with a 19 dat
 
you probably killed the interview or have a lot of experiences; congrats!
It’s possible. I interviewed for the full 30 mins with both interviewers. Thank you so your words!
 
Like this comment if you’re waiting to hear back, hopefully today.
it seems very few are waiting to hear back so I am sure they will easily get in next round. I do not think they have sent out more interview invites recently either so it seems it is going slow but it will move quickly after another week or so as more deposits would become due for NYU as well others schools too, so they would know who all are accepting at NYU.
keep finger cross. May I ask you to like this post if there are any one who still waiting for interview so let us count on that too?
 
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