Calculating the costs and benefits of a residency

474213179(1)For many students, the choice between doing a residency and going straight into private practice is a tough one. In today’s world of growing student debt, it’s important to be aware of the costs and benefits of each.

Here’s a simple model. The American Dental Education Association says 2013 dental school graduates had an average debt of $241,000. If you graduate with the average debt and do a one-year residency, your debt will generate around $15,000 in interest during your first year out. (This assumes 6.8% interest rates.)

5 tips for pediatric dentistry hopefuls

So, you’re interested in pediatric dentistry? I know the feeling! It’s an exciting specialty with opportunities to practice on young patients in a variety of settings. There is a unique joy in setting up patients and families for a lifetime of optimal oral health. I am just about half way through my residency training at Children’s Hospital of Wisconsin. As a first-year resident, the majority of my time is spent treating patients in a hospital-based clinic, as well as an urban health center in the area. My advice on the application process…