Nowadays, the average dental school graduate could face over $300,000 worth of debt. That is a hefty amount for any student to take on, especially now when most of you are dealing with the stress of dental school. Before you start to panic take a deep breath and follow these tips to help you get on the right track if you find yourself beginning to struggle with dental school debt problems.
In this edition of Let’s Talk, Christian Pearson, national director of dental partnerships at financial services provider Treloar & Heisel, speaks with Jon Burns, vice president of Bank of America Practice Solutions, a specialty division focused on providing financing to dentists who seek to establish their own practices, about the benefits of working with a specialty lender.
It’s no secret that the average dentist is saddled with a lot of student loan debt when they graduate school. Having a strategy to quickly and efficiently pay down your student loans is critical to long-term financial success. These personal finance tips can help you pay down student loans faster, regardless of your specialty or income.
Wondering what you can do with your money even while you don’t have any? Here are some ideas of what you can do while in dental school to set yourself up for financial success.
My name is Lydia Lancaster, a third year student at The Ohio State University College of Dentistry and the humbled recipient of the ASDA Ryan Turner Memorial Scholarship. I write to tell you today that anyone can be a leader. Yes, including you.
My path to organized dentistry is a winding one. Born and raised in a farming community in Southeast Missouri, I was a small-town girl with big dreams of pursuing a career in health care. After high school, I moved to Memphis, Tenn., where I attended Rhodes College, a small liberal arts college. Those four years taught me to be a lifelong learner and a contributing citizen of the world, especially in the form of service.
Watch the video in this post from Ryan Schulte, a partner in financial advising from Envision Wealth Group. Ryan has been working with dental students and dentists for many years. He says one of the biggest things people are noticing across the country is the mess being made from lack of personal financing. Budgeting is important! The digital age makes it too convenient to venmo your friends, set “auto-reload” to your Starbucks account app, or buy pretty much anything by synching your credit card with the Target app. On average, people are only saving 3-4% of their income. We should be aiming for around 15-20% in savings. Shocking, but with hard work and dedication, you’ll be happy you did!
