Should I apply for HPSP?

[MAFLOH]

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Hi guys,

After reading up on some threads about debt, I am wondering whether it would be advisable for me to apply for the HPSP scholarship with the Army to cover my 2nd, 3rd, and 4th years of D-school (since I believe it is too late to apply for coverage for this upcoming year). I currently have 28,000 in undergrad debt and I expect to borrow around 250-275k for dental school. Although I'm not too crazy about serving and protecting my country, I actually enjoy traveling and partaking in physical activity. I also have many foreign relatives who have served in the military and many of them have urged me to consider the idea. The threads I've read on this forum have led me to believe that my debt will be debilitating; one dentist I shadowed flat out told me that dental school is not worth the money these days. I should note that I will be living in an income-free state and I also have a close relative who is a dentist that I can work with for a few years after graduating, but the thought of being practically debt-free after a 3-year deal seems like a dream come true. Any input?

 

[gatsby121]

there are tons of threads as you've already seen. you get the gist now its time to make a decision. The pros far outweigh the cons in my opinion. I was chatting with my dentists new associate yesterday who just graduated from D school a year ago, he claimed he will have his loans (300k+) paid off next year but like you said there are others who are crippled by their debt. you just need to decide whats best for you. if the thought of debt makes you uneasy, the military may be a good option. if you're confident/cocky about your ability to pay off your debt quickly, go for it!

 

[Incis0r]

I should note that I will be living in an income-free state

lol

 

[MAFLOH]

Haha, I meant to say "income-tax free" state. Thanks for the replies guys.