***The Official USC Class of 2020 Interview/Acceptance Thread***

[Cal Dental]

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darknightzzz is really killing my vibe rn. didn't yo momma ever teach you if you aint got nothing nice to say?

lol, good stuff! Bad trip for real!

 

[jyee19]

I'd consider USC only with an HPSP. Besides tuition I think it's a great school


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[Dr.Penny]

What about PAYE? You pay 10% of your income for 20 years- roughly $1000 a month. Save about $300 extra each month for the amount forgiven as taxable income. After the 20 years, let's say the taxable income amount owed is $50,000, your additional amount that you saved with the $300 adds up to be $72,000.

Is this how it goes? Honestly asking. I'm trying to understand it. It seems possible.


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[darknightzzz]

darknightzzz is really killing my vibe rn. didn't yo momma ever teach you if you aint got nothing nice to say?

I am uneducated so my momma didn't teach me crap. but she teaches me when you enter a house and a houseowner tells you to run, you run.

 

[darknightzzz]

What about PAYE? You pay 10% of your income for 20 years- roughly $1000 a month. Save about $300 extra each month for the amount forgiven as taxable income. After the 20 years, let's say the taxable income amount owed is $50,000, your additional amount that you saved with the $300 adds up to be $72,000.

Is this how it goes? Honestly asking. I'm trying to understand it. It seems possible.


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no it doesnt work like this. if it does, no one will care about tuition anymore. If it works like this, the government truly bails you out but it does not. like what you say, you end up paying for only ~300k$ (less than 500k$ principle). IRB and PAYE function to decrease the overall interest amount you pay, not to decrease the principle amount, unless you dont have dentist's income.

For example, with PAYE, you will pay roughly 1000$ for the 1st 7 years and 1300-2000$ for the last 13 years (income increases, you don't want to be stuck making 100k per year all the time right?). then you pay roughly ~370k$ but since your accumulated interest will double your principle amount in 20 year period (500k$ principle increase to 900k$ principle). Important, the forgiven amount is 900k$ - 370k$ = 530k$.

on year 2040, you will have 530k$ income + whatever you and your spouse make that year (hopefully 130k$ on the low side). You will have 660k$ as taxable income. For your record, anything above 200k$ are taxed at 35%-40%, which means taxes on 460k% alone on that 660k$ is 160k$, and with tax on the first 200k$, this tax amount will be 200k$ easy.

So, 200k$ in tax bomb and 300k$ (paid over 20 year) you end up paying 500k back with much less interest than traditional method. However, this is assuming you dont have other taxable assets, 20 year of experience income at 130k$, etc etc etc.

The amount forgiven I calculated is on the lowside, since it is more than double with 20 year, I remember it will be around 1.2M$ and the forgiven amount tends to be around 600-700k$.

 

[ggy]

For those who were accepted yesterday, how much time does usc give you to make a decision?

 

[LittleTags]

For those who were accepted yesterday, how much time does usc give you to make a decision?

I wasn't accepted yesterday, but in the acceptance email I received, if I remember correctly, they said that those accepted between Dec-Jan have one month, Feb-May 15 days, and after June 2 days.

 

[changtw]

For those who were accepted yesterday, how much time does usc give you to make a decision?

Yep @LittleTags is right on.

We have until 5 PM March 4 to respond and pay the first deposit of $1000.

 

[futurepredent2016]

What hotel do you all recommend to stay at that is safe and not too far? The Radisson is fully booked for the night I need.

Any interview advice? I'll be interview this week. Anything would be helpful! Thank you.


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[ggy]

Any interview advice? I'll be interview this week. Anything would be helpful! Thank you.


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It's a very low stress/low pressure interview. Just be yourself and have fun. If you're still worried, there are some old threads that have the questions they ask.

 

[Dr.Penny]

no it doesnt work like this. if it does, no one will care about tuition anymore. If it works like this, the government truly bails you out but it does not. like what you say, you end up paying for only ~300k$ (less than 500k$ principle). IRB and PAYE function to decrease the overall interest amount you pay, not to decrease the principle amount, unless you dont have dentist's income.

For example, with PAYE, you will pay roughly 1000$ for the 1st 7 years and 1300-2000$ for the last 13 years (income increases, you don't want to be stuck making 100k per year all the time right?). then you pay roughly ~370k$ but since your accumulated interest will double your principle amount in 20 year period (500k$ principle increase to 900k$ principle). Important, the forgiven amount is 900k$ - 370k$ = 530k$.

on year 2040, you will have 530k$ income + whatever you and your spouse make that year (hopefully 130k$ on the low side). You will have 660k$ as taxable income. For your record, anything above 200k$ are taxed at 35%-40%, which means taxes on 460k% alone on that 660k$ is 160k$, and with tax on the first 200k$, this tax amount will be 200k$ easy.

So, 200k$ in tax bomb and 300k$ (paid over 20 year) you end up paying 500k back with much less interest than traditional method. However, this is assuming you dont have other taxable assets, 20 year of experience income at 130k$, etc etc etc.

The amount forgiven I calculated is on the lowside, since it is more than double with 20 year, I remember it will be around 1.2M$ and the forgiven amount tends to be around 600-700k$.

Thanks so much for explaining that to me!! So helpful.


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[Cal Dental]

For those who were accepted yesterday, how much time does usc give you to make a decision?

14 days to make a 1000 deposit. Eventually a total of 3000 total is due. But it's due over several months.

 

[Confused321]

darknightzzz is really killing my vibe rn. didn't yo momma ever teach you if you aint got nothing nice to say?

if you were accepted then congrats, but don't be ignorant and go in blindly, know what you're getting yourself into
USC grads will be the most in debt with the grimmest future of all future dentists, even going to Touro is preferred over USC due to cheap tuition.

 

[darknightzzz]

if you were accepted then congrats, but don't be ignorant and go in blindly, know what you're getting yourself into
USC grads will be the most in debt with the grimmest future of all future dentists, even going to Touro is preferred over USC due to cheap tuition.

Hi Confuso,

I dont think the future of future dentists are grim. it is grim only with the exorbitant amount of debt graduates will carry. If the debtload is low, the future will be lightning bright.

 

[sumin5924]

Thanks so much for explaining that to me!! So helpful.


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It's not even 100% correct. Consult with a tax advisor. Hell, google solvency. If your liabilities outmatch your assets, you can avoid that "huge" tax bomb.

 

[bb2014]

Consult with USC's financial aid guy. He was brutally honest.

 

[Dr.Penny]

It's not even 100% correct. Consult with a tax advisor. Hell, google solvency. If your liabilities outmatch your assets, you can avoid that "huge" tax bomb.

Consult with USC's financial aid guy. He was brutally honest.

Thank you both. I'll look into that. I've been trying to understand this for a while and its been difficult to get a grasp on it.


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[darknightzzz]

It's not even 100% correct. Consult with a tax advisor. Hell, google solvency. If your liabilities outmatch your assets, you can avoid that "huge" tax bomb.

yea consult with USC fin aid rep guy. if solvency is the solution, he would have told us already.

 

[EnergeticDent]

Will they still accept more students on early March even though they accepted few last week?

 

[darknightzzz]

Will they still accept more students on early March even though they accepted few last week?

definitely

 

[helpmepleasedentists]

does anyone know how full the class is?

 

[bjw623]

If you get military scholarship how much of the tuition is paid by it? does anyone know about it?

 

[darknightzzz]

If you get military scholarship how much of the tuition is paid by it? does anyone know about it?

if u get military scholarship, it will cover 100% tuition and fee. basically everything the school charges.

 

[bjw623]

if u get military scholarship, it will cover 100% tuition and fee. basically everything the school charges.

So, if I am going to an expensive out of state school or private school getting military scholarship could be the best way, right?

 

[darknightzzz]

So, if I am going to an expensive out of state school or private school getting military scholarship could be the best way, right?

if the military works out for you, it is 4 year in a totally different environment, then absolutely yes.

 

[bjw623]

if the military works out for you, it is 4 year in a totally different environment, then absolutely yes.

I see. Thank you for your answer!

 

[hightopkid]

Hey all, is there a facebook page for the class of 2020?

 

[changtw]

Hey all, is there a facebook page for the class of 2020?

https://www.facebook.com/groups/185028828510033/

 

[Cal Dental]

does anyone know how full the class is?

I interviewed last week, the class has a ton of seats left. They offered 50 people dec 1st, and 40 put deposits. They are making acceptances March 1st, some time in April/may, and the last round in June/July. They accept 36 people each time. It was pretty cool that they explained that. That's what I vaguely remember. There are a lot of seats, not even half way full.

 

[darknightzzz]

I interviewed last week, the class has a ton of seats left. They offered 50 people dec 1st, and 40 put deposits. They are making acceptances March 1st, some time in April/may, and the last round in June/July. They accept 36 people each time. It was pretty cool that they explained that. That's what I vaguely remember. There are a lot of seats, not even half way full.

im sure they offer more acceptances than that, the number they give you is the number of seats they objectively try to fill for every wave of acceptance.

and of course there are a lot of seats left, its a half million and IRB/PAYE seat.

 

[Cal Dental]

im sure they offer more acceptances than that, the number they give you is the number of seats they objectively try to fill for every wave of acceptance.

and of course there are a lot of seats left, its a half million and IRB/PAYE seat.

You're so funny the way you always propose counterarguments, you're an interesting fella. And, as always, all your arguments lead back to the fact USC cost a fortune. We are all aware of the money issue at USC, you don't have to bring it up everytime you post. Why are you in this thread if you dislike USC so much?

I'm just reporting what they told me.

Also, 50 +36+36+36= 158. Their class is 144. What you said above can't be the case.

However, they have to offer more acceptances than that. I see what you are saying. You could have just said that and left the financial comments out

 

[darknightzzz]

i said the number of seats they objectively try to fill for every wave of acceptances, not necessarily the number of deposits they must receive for so and so # of acceptances they send out. But I can confirm your addition is correct and that adds up to a number larger than the number of seats at USC, which means they hands out more acceptances than available seats. Something everyone who applies knows.

i am sure you will get in USC. Don't worry too much.

I dont dislike USC. As a predent, i wander into these sub forums reading what people say and as past dental students warn me. I just posted here to warn current upcoming pre dent who are applying about the financial burden. why are you so ticked by it? I didn't make it up. probably that is the fact you dont find yourself happy with either but you don't really have a choice, do you?

 

[Cal Dental]

i said the number of seats they objectively try to fill for every wave of acceptances, not necessarily the number of deposits they must receive for so and so # of acceptances they send out. But I can confirm your addition is correct and that adds up to a number larger than the number of seats at USC, which means they hands out more acceptances than available seats. Something everyone who applies knows.

i am sure you will get in USC. Don't worry too much.

I dont dislike USC. As a predent, i wander into these sub forums reading what people say and as past dental students warn me. I just posted here to warn current upcoming pre dent who are applying about the financial burden. why are you so ticked by it? I didn't make it up. probably that is the fact you dont find yourself happy with either but you don't really have a choice, do you?

I already got into USC, and I have other options as well. And, btw, I'm actually pretty happy! ; )

 

[MaDDT]

how many people get accepted from each interview?? ex) 5/30?

 

[dkan2hvg3]

,

 

[darknightzzz]

I already got into USC, and I have other options as well. And, btw, I'm actually pretty happy! ; )

congratulations. 🙂. hope you keep your happiness through irb/paye repayment plan too and have no chance at traditional repayment due to the school thats just trying to screw you up.

btw i got in usc too. i expected many more will get in as people will drop acceptances like a firestorm on april 1st when less expensive options open elsewhere

 

[Dr.Penny]

congratulations. 🙂. hope you keep your happiness through irb/paye repayment plan too and have no chance at traditional repayment due to the school thats just trying to screw you up.

btw i got in usc too. i expected many more will get in as people will drop acceptances like a firestorm on april 1st when less expensive options open elsewhere

It's actually IBR not IRB


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[darknightzzz]

It's actually IBR not IRB


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thank you. i just hope what i post here can help one single person and not put other ppl in denial in rage.

 

[bb2014]

congratulations. 🙂. hope you keep your happiness through irb/paye repayment plan too and have no chance at traditional repayment due to the school thats just trying to screw you up.

btw i got in usc too. i expected many more will get in as people will drop acceptances like a firestorm on april 1st when less expensive options open elsewhere

It's funny how you're always talking down about USC's finances when UNLV's cost is 94,436 x 3 + 63,061= 346,369 (only total billed tuition for oos not including cost of living etc) + 80,000 (cost of living 20k per year assuming) = 426,369. If you do decide to become a Nevada resident after the first year then great you're saving a lot of money, but many students don't.

https://www.unlv.edu/dental/tuition

While on the other hand, USC's expenses (with cost of living) = 129,745 + 121,946 + 118,711 +82,151 = 452,553.

http://dentistry.usc.edu/programs/dds/cost-of-attendance/

26,184 difference boo hoo.

So stop being a downer and don't say anything unless you got something better to say. I'm pretty sure everyone who interviewed also attended the financial aid portion of the interview and have some sort of idea of what the finances look like.

IBR/PAYE are not the only ways to repay your loans. There's military scholarships, regular scholarships, or working for a non-profit organization for 10 years (including USC as I was told can be considered as non-profit...funny but true which is why many students consider academia) for loan forgiveness etc. You can even combine that with PAYE.

 

[sumin5924]

It's funny how you're always talking down about USC's finances when UNLV's cost is 94,436 x 3 + 63,061= 346,369 (only total billed tuition for oos not including cost of living etc) + 80,000 (cost of living 20k per year assuming) = 426,369. If you do decide to become a Nevada resident after the first year then great you're saving a lot of money, but many students don't.

https://www.unlv.edu/dental/tuition

While on the other hand, USC's expenses (with cost of living) = 129,745 + 121,946 + 118,711 +82,151 = 452,553.

http://dentistry.usc.edu/programs/dds/cost-of-attendance/

26,184 difference boo hoo.

So stop being a downer and don't say anything unless you got something better to say. I'm pretty sure everyone who interviewed also attended the financial aid portion of the interview and have some sort of idea of what the finances look like.

IBR/PAYE are not the only ways to repay your loans. There's military scholarships, regular scholarships, or working for a non-profit organization for 10 years (including USC as I was told can be considered as non-profit...funny but true which is why many students consider academia) for loan forgiveness etc. You can even combine that with PAYE.

While your math is sound, who gets denied IS tuition for UNLV? Many students don't change residency? Yes, I'm sure "many" students love denying cheaper tuition.

 

[Cal Dental]

It's funny how you're always talking down about USC's finances when UNLV's cost is 94,436 x 3 + 63,061= 346,369 (only total billed tuition for oos not including cost of living etc) + 80,000 (cost of living 20k per year assuming) = 426,369. If you do decide to become a Nevada resident after the first year then great you're saving a lot of money, but many students don't.

https://www.unlv.edu/dental/tuition

While on the other hand, USC's expenses (with cost of living) = 129,745 + 121,946 + 118,711 +82,151 = 452,553.

http://dentistry.usc.edu/programs/dds/cost-of-attendance/

26,184 difference boo hoo.

So stop being a downer and don't say anything unless you got something better to say. I'm pretty sure everyone who interviewed also attended the financial aid portion of the interview and have some sort of idea of what the finances look like.

IBR/PAYE are not the only ways to repay your loans. There's military scholarships, regular scholarships, or working for a non-profit organization for 10 years (including USC as I was told can be considered as non-profit...funny but true which is why many students consider academia) for loan forgiveness etc. You can even combine that with PAYE.

Amazing post!

Darknightzzzz you're not helping anyone with all of your negative comments. You talking to everyone in the thread like we are a bunch of children and it makes me think maybe you are the 18 y/o freshman in college. I'm confident in saying people, including myself, here don't want to see the same person post every other post. You totally high jacked this thread and turned it into the other 100 threads about USC being expensive. We all have seen those other hundred threads, we already know everything that you are saying. You sound like a broken record.

Have respect for others. Don't S*%# on other peoples' accomplishments. That's a very low class thing to do.

 

[bb2014]

While your math is sound, who gets denied IS tuition for UNLV? Many students don't change residency? Yes, I'm sure "many" students love denying cheaper tuition.

Hence I used the word many instead of majority. I'm pretty sure many people have opted out of changing residency. Please read carefully.

 

[darknightzzz]

Amazing post!

Darknightzzzz you're not helping anyone with all of your negative comments. You talking to everyone in the thread like we are a bunch of children and it makes me think maybe you are the 18 y/o freshman in college. I'm confident in saying people, including myself, people here don't want to see the same person post every other post. You totally high jacked this thread and turned it into the other 100 threads about USC being expensive. We all have seen those other hundred threads, we already know everything that you are saying. You sound like a broken record.

Have respect for others. Don't S*%# on other peoples' accomplishments. That's a very low class thing to do.

lol if that is what you wish to think, go ahead and think so.
how in the world my comments are negative? they are just comments with facts, quantitative numbers, and the truth. I don't put down anybody in my life, that is something I am proud of.

It's funny how you're always talking down about USC's finances when UNLV's cost is 94,436 x 3 + 63,061= 346,369 (only total billed tuition for oos not including cost of living etc) + 80,000 (cost of living 20k per year assuming) = 426,369. If you do decide to become a Nevada resident after the first year then great you're saving a lot of money, but many students don't.

https://www.unlv.edu/dental/tuition

While on the other hand, USC's expenses (with cost of living) = 129,745 + 121,946 + 118,711 +82,151 = 452,553.

http://dentistry.usc.edu/programs/dds/cost-of-attendance/

26,184 difference boo hoo.

So stop being a downer and don't say anything unless you got something better to say. I'm pretty sure everyone who interviewed also attended the financial aid portion of the interview and have some sort of idea of what the finances look like.

IBR/PAYE are not the only ways to repay your loans. There's military scholarships, regular scholarships, or working for a non-profit organization for 10 years (including USC as I was told can be considered as non-profit...funny but true which is why many students consider academia) for loan forgiveness etc. You can even combine that with PAYE.

who pays 20k/year for living in nevada? its not even close to CA living expense. and where do you get your facts checked that "many students don't become NV residents after first year" Why do "many of them" opt out? because they love being CA resident ( with free mediCal?) or they love throwing unnecessary money at the school instead of the casinos?

USC will make you buy equipment package (above 10k up to 20k) along with replacements of equipments so the estimated price you quoted above is the minimal amount. but your calculations are all correct though. so at the end, your amount is 452k + 20k = 472k$ plus interest accumulated during 4 years and loan origination fees, then 500k$ is right there in front of you.

btw, you and your buddy cal dental are so representative of "the people" that one of you guys speaks for the people on USC SDN forum (who might not even end up attending) and one of u guys even speak for how students prefer to roll at UNLV. thats great.

 

[sumin5924]

Hence I used the word many instead of majority. I'm pretty sure many people have opted out of changing residency. Please read carefully.

Perhaps you should read thoroughly. Answer the question, please. You state it as an absolute (but many students don't [change residency]) and then follow up with an assumption (I'm pretty sure many people have opted out).

Why would anyone in their right mind opt out of cheaper tuition? You said "many" so I would love to hear about your source or how you came to this conclusion. I'm not provoking you, I merely am curious.

And please don't say by "many" you meant the HPSP or NHSC recipients who wouldn't be affected by residency tuition......


(Oh, and you forgot to include that USC ups their tuition every year.)

 

[bb2014]

lol if that is what you wish to think, go ahead and think so.



who pays 20k/year for living in nevada? its not even close to CA living expense. and where do you get your facts checked that "many students don't become NV residents after first year" Why do "many of them" opt out? because they love being CA resident ( with free mediCal?) or they love throwing unnecessary money at the school instead of the casinos?

USC will make you buy equipment package (above 10k) along with replacements of equipments so the estimated price you quoted above is the minimal amount. but your calculations are all correct though.

btw, you and your buddy cal dental are so representative of "the people" that one of you guys speaks for the people on USC SDN forum (who might not even end up attending) and one of u guys even speak for how students prefer to roll at UNLV. thats great.

My calculations cover the equipment package cost. People may not necessarily pay 20k to live in Nevada but it sure its close (I had the experience of living there for a couple of months).

 

[bb2014]

My calculations cover the equipment package cost. People may not necessarily pay 20k to live in Nevada but it sure is close (I had the experience of living there for a couple of months). Gas prices almost the same as well as food and rent.

 

[darknightzzz]

My calculations cover the equipment package cost. People may not necessarily pay 20k to live in Nevada but it sure its close (I had the experience of living there for a couple of months).

So even with 452k$ + loan orgination fee + interest accumulated = 470k$ its just a bit shy away from 500k$
now again, you assume something you are not even sure. a couple of months of your living standards in NV does not mean everybody else who is going to school there for 4 years will be the same or even close to being the same. LOL NV has almost the same food and rent prices as CA does? CA just doesn't become the expensive state to live in for no reason.

just tell me one thing, if you get accepted into a 60k less expensive school (100k$ actually with interest accounted in) and in a cheaper living area, won't you drop USC in a heart beat?

unless you have free full ride, the answer will be most likely yes. so please don't defend USC because it just doesnt become the most expensive school for no reason.

Anyways, my last point being made to any future predent who are applying and may read up on this are. Definitely apply to USC but cast your nest wide. if you don't get in anywhere else, USC will still make you become a dentist. if you get into less expensive school, settle for that.

 

[bb2014]

So even with 452k$ + loan orgination fee + interest accumulated = 470k$ its just a bit shy away from 500k$
now again, you assume something you are not even sure. a couple of months of your living standards in NV does not mean everybody else who is going to school there for 4 year will be the same or even close to being the same. LOL NV has the almost the same food and rent prices as CA does? CA just doesn't become the expensive state to live in for no reason.

just tell me one thing, if you get accepted into a 60k less expensive school (100k$ actually with interest accounted in) and in a cheaper living area, won't you drop USC in a heart beat?

unless you have free full ride, the answer will be most likely yes. so please don't defend USC because it just doesnt become the most expensive school for no reason.

Anyways, my last point being made to any future predent who are applying and may read up on this are. Definitely apply to USC but cast your nest wide. if you don't get in anywhere else, USC will still make you become a dentist. if you get into less expensive school, settle for that.

You're right, USC is expensive. But that 500k won't be for me since I live 15 mins away from USC so I'll be saving on living expenses. I'd consider it but won't drop it in a heartbeat. Between USC's laidback atmosphere vs UNLV's gunner central and people like you, USC's excellent alumni base and all the other prestige that comes with being a USC alum, family and friends around the area. Don't forget about the Cali weather and beaches, the eye candies at USC campus itself ZOMG. Quality over quantity for me. Fun over prunes. PBL over traditional. I mean UNLV does have strip clubs and casinos I guess which are fun. I go to Vegas with my friends a lot for the clubs and I think it's pretty distracting and tempting having those places close by, you know especially when you can use cash acquired by student loans to "double up" in the casinos lol. By the way, I don't see you bombarding other schools with similar costs such as the MWU's. Seems like you got a personal beef with USC though just saying lol.

Don't go to USC they said, it's expensive they said...don't consider all other factors only expenses they said.

 

[silverbmw]

is it possible to have an interview and get accepted the same day if they are sending acceptances later in the day u interviewed if they really like u? i heard march 1 they are sending acceptances.

Also, is there another time in march they are sending acceptances??

 

[Expithian14]

Does anyone know when the next wave of acceptances will be sent out?

Based off last year, there was a wave sent out end of February (like the one that was sent out this past friday), and the next wave was in april.