Last year, we heard from ASDA, current dental students and their financial aid officers that there was a need for a better option to cover the cost of dental school. We’ve also worked with thousands of doctors and dentists in our refinance business, so we knew the challenges they face in paying for school and wanted to help lower the cost.
Whether you’re taking out student loans for the first time or have taken them out before, odds are that you’ve heard a lot of fact and fiction about the process. Here are five of the most common misconceptions around graduate student loans.
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.
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.
Navigating dental school is challenging. Between the long hours in the classroom and training, there’s little time to think about your finances. However, now is the best time to start saving. Whether your goal is to pay off debt, increase your savings or start investing for the future, there’s no time like the present to get started.
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.
Why might you want to think twice about refinancing your student loans through a private lender? Here are some things to consider when determining if refinancing makes sense for you.