NYU Dental Really Worth It?

[doctor.doctor]

Hey everyone! Do you think that going to NYU is really worth it for the amount you pay every year?

Are you getting the most bank for your buck at NYU?

Also is it really true that the school weeds out students?

Making a $400K+ investment is serious, and I really want to know what I'm getting myself into before I make a decision.

Any/All thoughts are appreciated! Thank you in advance!

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[Let me out!]

You have many doubts about the school.

Answer is simple: Don't go.

Thinking whether worth it or not should come after liking the school first.

 

[Likkriue]

The meal vouchers were pretty awesome, you get to pick whatever food you wanted lol.

But in terms of them being not that into touring, easy explanation. They’ve been touring left and right all year so naturally nearer to the end they get more and more complacent.

They don’t weed out students, those that fail most of the time aren’t cut out for dental school. Majority move on. If it’s your only school and you are dying to be a dentist, go. If you have other options you like more then don’t go.

 

[allantois]

Hasn't been worth it the past 10+ years

 

[WithLove]

It depends. Some people have family in the city or have always dreamt of going there (like my boyfriend). In contrast, there are others who wouldn't so it's more of a personal decision about what matters to you the most. There are plenty of other schools you can attend if you think it's not worth it.

 

[Big Time Hoosier]

Making a $400K+ investment is serious

$400,000? It’ll be closer to $600,000. Tuition and fees alone is $400,000. Don’t forget to tack on 4 years of living expenses and accrued interest on your loans. Oh, and the annual tuition increases!

Your monthly payment will be around $4,500/month...for TWENTY YEARS! That’s $55,000 a year you need to come up with just for your student loans. And, that’s after tax money, so you’ll need to earn $70,000 to cover it. What other expenses will you have in your life? A lot. How much do you expect to earn as a dentist?

Big Hoss

 

[Big Time Hoosier]

And before anyone brings up loan forgiveness, you all need to really get a clue about our nation’s balance sheet. In the next 10 to 20 years it’ll hit the fan. Too many promises have been made to too many people. In spite of what certain people might say, there aren’t enough “rich people” to tax our way out of it. Considering, for example, Social Security is facing mandatory 20% cuts to beneficiaries in 2034, do you really think the government can afford to forgive hundreds of billions in student loans?

So, if you borrow it, expect to fully pay it back.

https://www.google.com/amp/s/amp.cn...itics/social-security-benefit-cuts/index.html

Big Hoss

 

[Cthuluhoop]

You're looking at close to $600-$650k after it's all said and done. No, that's not worth it.

If you're funding your own education, anything over $300k begins to blur the line of whether dentistry is worth it or not if you are treating it like an investment. $400k is the line where you better have a plan come graduation and stick with it, with no distractions that you can control.

There are always going to be stories of this person paying off $400,000 off in 5 years, or that person paying off $300,000 in 3 years. But that's not the norm, you just don't hear from the ones truly struggling because they're not going to be bragging about struggling to make payments online. Be comfortable starting out between $90-$120k pre tax for the first several years of practicing

Really, at high costs, your only option is to get on PAYE or REPAYE and pray you have enough money when the tax bomb hits and pray that the government doesn't do away with it in those 25 years. Like Big Hoss said though, I seriously don't see that program lasting for the next 25 years. Or seek out an amazing associateship or a corporate offer in rural areas while you're still in school and hope you find one

Calculate the cost of attendance with interest and fees and living expenses, use the following link to calculate your payments at 7-8% interest rates and see if you're comfortable making those payments for 10+ years

Student Loan Calculator | Bankrate.com

 

[738177]

You're looking at close to $600-$650k after it's all said and done. No, that's not worth it.

If you're funding your own education, anything over $300k begins to blur the line of whether dentistry is worth it or not if you are treating it like an investment. $400k is the line where you better have a plan come graduation and stick with it, with no distractions that you can control.

Student Loan Calculator | Bankrate.com

Doesn't this rule out most dental schools these days?
NYU was my only acceptance. Dropped it like it's hot and went to med school instead. Med school isn't perfect either but NYU is literally financial suicide.

 

[Cthuluhoop]

Doesn't this rule out most dental schools these days?
NYU was my only acceptance. Dropped it like it's hot and went to med school instead. Med school isn't perfect either but NYU is literally financial suicide.

It absolutely does rule out most dental schools these days unless you have scholarship. I came up with that figure by talking to and reading a lot of debt repayment stories, as well as just computing that debt, while still significant, isn't that bad for a 10 year plan. No-one ever said dental school is a good deal or a good investment in the current market. It can be really great, but as tuition increases, the margin to make it a really great investment gets slimmer and slimmer each year

Not comparing medicine to dental as a career goes, but if we're talking purely loans, med school has lots of avenues to get them paid off that dentistry doesn't have as well as most specialties having higher salary than dentistry. They had a total overhaul several years back that dental school was left out of when it comes to public service and other avenues of loan forgiveness. Plus, virtually every medical school (that's not in the Caribbean) is cheaper than dental school. Not to mention their/your debt is purely school based, private practice in medicine is virtually dead. Therefore, you don't need to worry about another $500k+ in loans to become financially stable.

 

[Let me out!]

Doesn't this rule out most dental schools these days?
NYU was my only acceptance. Dropped it like it's hot and went to med school instead. Med school isn't perfect either but NYU is literally financial suicide.

Nice.

Although, having to go to a med school with NYU dental as the only acceptance in the past is difficult to believe. You must have killed the MCAT!

 

[allantois]

Doesn't this rule out most dental schools these days?
NYU was my only acceptance. Dropped it like it's hot and went to med school instead. Med school isn't perfect either but NYU is literally financial suicide.

Someone finally gets it!


Switched to a different field myself here.

 

[Big Time Hoosier]

Although, having to go to a med school with NYU dental as the only acceptance in the past is difficult to believe. You must have killed the MCAT

Heard of DO school? Nonetheless, whether it’s MD or DO, they made the right choice. NYU dental is financial suicide.

Big Hoss

 

[738177]

Nice.

Although, having to go to a med school with NYU dental as the only acceptance in the past is difficult to believe. You must have killed the MCAT!

haha I wish! I just did average. I did a SMP and then got in. It's honestly not that hard to switch tracks. I recommend anyone to explore other careers if expensive dental schools are your only option.

 

[muskthemfall]

Heard of DO school? Nonetheless, whether it’s MD or DO, they made the right choice. NYU dental is financial suicide.

Big Hoss

Has anyone done this particularly and been accepted into a DO Program?

I was accepted into dental school 2 years ago. I declined my acceptances as well. I opened up AACOMAS to sign up for an account it said I already had one registered and it took me back to my old CAS ID associated with ADEA AADSAS. So will DO schools know that I was accepted? Out of curiosuity I looked into CAS and these guys handle everything from pharm, podiatry, optometry which kind of sucks if all these schools can see every program you apply/ get accepted to /decline

 

[artist2022]

Has anyone done this particularly and been accepted into a DO Program?

I was accepted into dental school 2 years ago. I declined my acceptances as well. I opened up AACOMAS to sign up for an account it said I already had one registered and it took me back to my old CAS ID associated with ADEA AADSAS. So will DO schools know that I was accepted? Out of curiosuity I looked into CAS and these guys handle everything from pharm, podiatry, optometry which kind of sucks if all these schools can see every program you apply/ get accepted to /decline

You kinda have to disclose the fact you applied to another profession for most (all?) of the fields you listed so.....yes they'll know you were accepted.

 

[Jueves]

$400,000? It’ll be closer to $600,000. Tuition and fees alone is $400,000. Don’t forget to tack on 4 years of living expenses and accrued interest on your loans. Oh, and the annual tuition increases!

Your monthly payment will be around $4,500/month...for TWENTY YEARS! That’s $55,000 a year you need to come up with just for your student loans. And, that’s after tax money, so you’ll need to earn $70,000 to cover it. What other expenses will you have in your life? A lot. How much do you expect to earn as a dentist?

Big Hoss

Big Hoss hitting it with the facts

 

[muskthemfall]

You kinda have to disclose the fact you applied to another profession for most (all?) of the fields you listed so.....yes they'll know you were accepted.

I checked AACOMAS, there is no field for that. Only a " Previous Attendance at a Medical School or Health Profession Program

Have you ever matriculated in or attended any medical school or health profession as a candidate for a professional degree"

 

[setdoc7]

NYU can be worth the tuition if you work hard, get into the right group practice, and get good patients. A crapshoot. My current GP resident from NYU is a superstar. Not the norm. She got her money’s worth. And will make it back. Is this you?

 

[BluntForceTrauma]

Big Hoss hitting it with the facts

Navy man like "pew pew pew"

 

[Big Time Hoosier]

Here’s some more “enlightenment” for those banking on loan forgiveness.

The utterly unbelievable scale of U.S. debt right now

Big Hoss

 

[TanMan]

Hey everyone! Do you think that going to NYU is really worth it for the amount you pay every year? From my interview day, I really didn't get any great vibes the whole time. The admission team didn't really have a formal presentation to welcome us/about financial aid/student life/housing, the students didn't really seemed interested in giving us a tour (it seemed more like a chore for them), and they expected us to get the most out of everything from the 1 hour Q&A. (also, they fed us with meal vouchers from the school cafeteria? like what? That gives such a negative impression about the school and makes the interviewees think that the school didn't put much thought into the interview planning).

Are you getting the most bank for your buck at NYU? This schools just seems like a money making factory where the student needs don't really seem to be addressed. I legit had a student come up to me after my interview day (while waiting for my uber home) telling me to think twice about my decision on NYU because it's great investment.

Also is it really true that the school weeds out students?

Making a $400K+ investment is serious, and I really want to know what I'm getting myself into before I make a decision.

Any/All thoughts are appreciated! Thank you in advance!

If it is the only school you got into, then NYU is better than nothing. I'm not sure of their standards or if they still do it, I remember getting in without an interview. If you're willing to work hard in NYU and after graduation, continue to work hard and move anywhere to make money, then I'd say it's worth it. The one year opportunity cost of waiting is tremendous.

 

[321931]

Here’s some more “enlightenment” for those banking on loan forgiveness.

The utterly unbelievable scale of U.S. debt right now

Big Hoss

The next bubble that is going to burst...which could be today's tremendous bull run built on corporate debt and the fed's inability to raise interest rates will cripple the next generation of growth. To bad student loans can never be forgiven...at least with the housing crisis there was some collateral that could be seized by the banks (houses) and sold back on the market. With student loans, wages will just be garnished. What's the answer to all this? Who knows. Personally an 08 type of crash would be great for buying stock but terrible for the generation that comes after it.

I personally think an 08 crash will come in 2020 and that would be swell for the new grads coming out with big loans looking for a job in a terrible job market. Oh well #notmyproblem

 

[deleted942432]

The next bubble that is going to burst...which could be today's tremendous bull run built on corporate debt and the fed's inability to raise interest rates will cripple the next generation of growth. To bad student loans can never be forgiven...at least with the housing crisis there was some collateral that could be seized by the banks (houses) and sold back on the market. With student loans, wages will just be garnished. What's the answer to all this? Who knows. Personally an 08 type of crash would be great for buying stock but terrible for the generation that comes after it.

I personally think an 08 crash will come in 2020 and that would be swell for the new grads coming out with big loans looking for a job in a terrible job market. Oh well #notmyproblem

So much foresight, you should short the market now then buy again after the crash. #bemyfinancialadvisor

 

[321931]

So much foresight, you should short the market now then buy again after the crash. #bemyfinancialadvisor

Nope. Got my money in a high yield savings account. If it bursts, I'll pick up the pieces...if it doesn't. I'm fine "barely" beating inflation.

Point is, student loans is in a bubble- and you are in it. Better off choosing the more affordable dental school.

 

[deleted942432]

I dont care if it burst or not, im dragging it out as long as possible and using the extra money to take risk with it. #gobigorgohome

 

[bracesforever]

why are you complaining about the meal vouchers? I thought they were amazing lol you could have got whatever you wanted with no limit. also the food there was pretty good compared to other places I interviewed at that served cold sandwiches

 

[AEZDent]

Here’s some more “enlightenment” for those banking on loan forgiveness.

The utterly unbelievable scale of U.S. debt right now

Big Hoss

"enlightenment" Worry About Debt? Not So Fast, Some Economists Say

 

[Big Time Hoosier]

"enlightenment" Worry About Debt? Not So Fast, Some Economists Say

Big Hoss

 

[Blueshirts]

View attachment 251353

Big Hoss

Top notch meming, Sir.

 

[Big Time Hoosier]

Top notch meming, Sir.

Big Hoss