If you are about to graduate, the biggest financial decision ahead of you – will be what to do about your student loans.
Before you settle on a loan repayment program, you’ll need to understand if you operate at a cash surplus or deficit, This requires understanding all of your monthly expenses. Once you know that, you’ll be able to plug in the potential loan payments and see what will work best for your specific situation.
How long do you plan on practicing dentistry? Although we haven’t officially started our careers as licensed dentists yet, it is never too early to plan ahead for retirement. Saving your hard-earned money as a dentist after graduation doesn’t seem as glamorous as treating yourself, but saving and investing will allow you to have more control and freedom later in life. The futures of Social Security, tax rates, inflation, and the economy are uncertain, but the one thing you can control is your savings.
If you were at the NLC last month, you saw my colleague, Steve Swan, speak about debt management. As a refresher, we will go through some of your options for student loan repayment here. The following are the four most common methods for managing student loan debt upon graduating from dental school…
