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What's average for debt?

Discussion in 'Dental' started by Shane41, May 2, 2007.

  1. Shane41

    Shane41 Member 5+ Year Member

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    Jul 26, 2006
    For living expenses, tuition, health insurance, books, and instrument fees its going to cost me roughly $53,000 for the fall and spring semester as an out of state student. That includes all of the money for me to live on and everything (bills, etc). Is that really high, normal, low or what?

    It looks like with living expenses ,tuition and everything, ill be in debt about 205,000 after dental school. Tack on about 10,000 for undergrad and i may as well assume $250,000 ill be in debt when I graduate!

    What do you all think?
     
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  3. dgaillard

    dgaillard New Member 2+ Year Member

    19
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    Jun 21, 2006
    I think I'd like to trade our future debts. Including undergrad, I'm expecting a tad more than three hundred. I like to think of it as the mortgage on my three imaginary vacation homes.
     
  4. osubum

    osubum 2+ Year Member

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    Dec 1, 2006
    You need to assume an average increase in cost of attendance of at least 3.5% (avg cost of living increase), but I bet it would be more (some schools have had jumps as much as 10% in one year). Also, only that 8.5k/year will not accumulate interest while you are in school, the rest will...assume 7%. I get about 260k for just the dental school. Add in the int accumulating on your undergrad...you could be in for from the 272k-280k.
     
  5. rals

    rals Member 5+ Year Member

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    Jul 30, 2005
    lol!!! hey if it helps you feel better about it... :laugh:
     
  6. Denticized

    Denticized 7+ Year Member

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    Sep 13, 2006
    Los Angeles
    Average debt eh?

    If you are a Texan going to San Antonio D school then it's probably 25,000
    If you are a mormon from Utah going to USC then it's 325,000
     
  7. Fuji

    Fuji 2+ Year Member

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    Sep 1, 2006
    That dang Mormon tax. It gets me every time.
     
  8. Ex_EE

    Ex_EE 2+ Year Member

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    Sep 23, 2006
    Houston
    Texas schools are about 20,000 / year not counting living expenses. They are not as cheap as everyone thinks.
     
  9. Dutchboy

    Dutchboy Senior Member 5+ Year Member

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    Dec 2, 2005
    It's still half what I pay. Consider yourself lucky. :thumbup:
     
  10. beannaithe

    beannaithe Bionerd 10+ Year Member

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    Mar 15, 2005
    Phila, PA
    Oh yeah....my instate is ~45k, plus living expenses. Ouch.
     

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