professional school student loans and BBB

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askadds

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Cap is being put on professional school student loans if the BBB passes and I am sure it will. Now how do you cover the gap between the cap and cost of tuition? Parents will be forced to sign up with 250K+ loans that will show up on their credit report. In a world of decreasing incomes in dentistry and now personal loans to cover the cost of tuition......what is everyone thinking or the is the predent doc not thinking about the future, just get me in!!! SMH
 
askadds said:
Cap is being put on professional school student loans if the BBB passes and I am sure it will. Now how do you cover the gap between the cap and cost of tuition? Parents will be forced to sign up with 250K+ loans that will show up on their credit report. In a world of decreasing incomes in dentistry and now personal loans to cover the cost of tuition......what is everyone thinking or the is the predent doc not thinking about the future, just get me in!!! SMH
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B85C8976-1CE7-4BDE-992E-C938528039DC.png


I don’t think some predatory schools will survive. Can’t say I feel bad for them at all.

Big Hoss
 
These next few years will be very very interesting for dental schools. We don't really know the full ramifications of the bill yet. Ideally, Big Hoss will be correct and the schools that are 500k+ close down.
 
Mr.Smile12 said:
I have to see if the forums run by the DAT prep communities are blowing up. I hesitate to check reddit. Unless they all are inheriting major crypto hauling to cover expenses.

Crypto Doge GIF
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What is the general sentiment on these forums?
 
JacquesVallee said:
What is the general sentiment on these forums?
Click to expand...
There is a light discussion in Topics. I think some of the other subforums also have discussions. In general, we're not big fans of the impact on financial aid, especially those who already started (as I surmise). Podiatry.

WildWing

Thread 'New Tax Bill Would Cut Availability of Medical School Loans'

Not sure people are tracking that Grad PLUS Loans could go away with the latest tax bill:
www.axios.com

Tax bill would cut availability of med school loans amid doctor shortage

Loans would become unavailable for new borrowers starting in the 2026-2027 school year.
www.axios.com www.axios.com
 
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askadds said:
amazing all respondents are dentists... no predents have an opinion? this says a lot.
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Starting dental school this fall. It's kinda weird to see the ladder pulled up behind me.

Given my positions I really don't want to come off as ungrateful for just making it, but this is certainly something that's a long time coming. 600k debt with ~9%? It is insane. Someone had to put their foot down sooner or later. I don't even think most dentists pay back their loans in full, they use Tax bomb or some other strategies so they don't have to pay back in full- and everyone is surprised this is collapsing?

Personally, I wouldve given a higher cap for the next cycle of students, and toggle down the cap by X amount every following year in an attempt to give students more of a heads up to slow down the train instead of crashing it.
Edit: and in that sense I do think it's unfair, that these kids invested so much money and time into this field but aren't afforded at least a single years heads up to pivot.


If you want someone to be really pissed at- point your fingers to boomers who said "wouldn't it be nice if more people were educated" and now decades later millennials and zoomers ARE educated, they're just educated AND poor. Like, what in God's name am I supposed to do with a bach in bio? Every field that's somewhat applicable requires more education or specific avenues.
 
Mr.Smile12 said:
I have to see if the forums run by the DAT prep communities are blowing up. I hesitate to check reddit. Unless they all are inheriting major crypto hauling to cover expenses.

Crypto Doge GIF
Click to expand...
reddit pre-dental has been pretty busy discussing the topics relating to the BBB, lots of applicants are worried or starting to give-up and thinking of moving to a different career, definitely a mixed bag of varying opinions presented
 
Starting my third year of dental school. Really wanted to stay under $[emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6][emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]]][emoji[emoji[emoji6]][emoji[emoji6]]][emoji[emoji[emoji6]][emoji[emoji6]]]k and I think I should be on track to achieve that. I met with a pre-debt advisor before starting dental school and that shed a lot of light on what repayment looks like for various scenarios. However, I’m not sure I would go to dental school if I had to take out private loans with a high interest rate. Sometimes I’m not sure if it’s worth it to specialize if I have to take out private loans.
 
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