OMFS residency financing

[LeFortLurker]

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Hey guys,

Very blessed to have matched to a 6-year OMFS program this year. I’m stressed because I’m coming out of dental school with about 500k in debt, and I think that I might have to take out another 100k in loans in the coming years for med school tuition and living expenses. Thinking about compounding interest with my poor federal loan interest rates from recent years is worrying me. Is there anything I can do or will paying off this debt be an extremely difficult battle?

 

[Tutling]

Rap is expected to come out in July. If you make your payments which should be considerably low because you are a resident then the government is not going to charge you interest. On 500k your interest is probably just under 3k a month which will save you having to pay 216k over 6 years.

As for financing med school I have no idea how that is going to work or the pay back for it. It’s a bit of a problem for the 6 years coming up that if the PDs don’t fix will be a huge deal real fast.