When I graduated from dental school in 2011, I remember thinking that my student loan debt of $180,000 seemed insurmountable. My wife also had law school loans of about $175,000. Between the two of us, that’s $355,000 of student debt we paid off in less than seven years. Believe me, I know there are circumstances that mathematically will not allow for “early” payoff of student loan debt.
At CommonBond, we’ve been supporting students with better student loans for years. We have deep experience working with investors to build programs that offer great rates to students based on their strong prospects. We started with refinance and MBA loans, and we’re thrilled to now offer a new in-school option for dental students.
There are many factors to consider when determining how and where you’ll practice after graduation. No matter which career path you chose, it is important that you find personal fulfillment and professional growth. There are typically three things new clinicians will need in order to be able to progress and …
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.
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.
“I failed my licensure exam because my patient didn’t show up.” “I’m graduating with more than $400,000 in student debt.” “My patient couldn’t afford the treatment they desperately needed.” These are the things dental students say, and it’s likely you will, too, during your dental student career. ASDA’s Advocacy Month aims to bolster the dental student voice by challenging ASDA members to “Find out. Reach out. Speak out” for dental student interests this midterm season and beyond.
The rise in student loan debt is one of the most significant challenges for a new doctor. It’s not uncommon to meet recent graduates with loans that exceed $500,000, with interest at 7 percent or more. New doctors and residents almost always start their careers with a goal of working for several years while paying down burdensome debt.