A financial look at the Health Professions Scholarship Program

According to the American Dental Education Association (ADEA), in 2018, indebted students left dental school with an average amount of $285,000 owed. As the cost to attend dental school continues to rise, many prospective students are looking for opportunities to avoid taking on debt, while still gaining valuable experience. One way is through the Health Professional Scholarship Program (HPSP).

Use your smartphone for a smart financial start

Most dental students know what it’s like to live on a budget. After graduation, money will stay tight when student loans come due. Before long, a new dentist will want to buy a practice, buy a house or start a family. As your dental career begins, your financial planning skills will be just as critical as your treatment planning skills.

7 terms to know before advocating for student debt

With the rising costs of dental school and education, getting student loans are a common reality for many dental students. It is important to understand the terminology that will allow for better communication between you and your lender, especially before signing the promissory note. Additionally, this knowledge will help you effectively advocate for initiatives at the local, state and national levels that alleviate the student debt burden.

Properly managed debt can be an investment in yourself

As a dental student, you may already be carrying significant student loan debt. Paying down that debt requires income — cash flow that may best be generated by opening or buying into your own practice upon graduation. New dentists and those about to graduate often feel caught in a vicious circle when they perceive that debt may deny them a practice loan and prevent them from moving forward in their career.