The last two weeks have brought many changes to student loans. I have delayed publishing any information regarding these changes because the details of a policy was yet to be defined. COVID-19 has interrupted our lives and the dental profession has many unanswered questions regarding how we will move forward during and after this crisis. Many readers are aware that student loans held by the...
byPractice PirateMarch 22, 2020
I believe blogs are powerful tools, and we would all benefit from writing one. I began writing at OneLooseTooth.com in 2013, and it has resulted in several opportunities that I would not have had a chance to pursue otherwise. Before One Loose Tooth, I was writing as the Engaging Dentist (a site I deleted while in dental school). In 2014, 2015, and 2016, I compiled a list of the best dental...
byPractice PirateJanuary 17, 2020
There are very few books published by practicing dentists about dental practice management. In 2019, Dr. Travis Campbell published his first book titled The Practice Whisperer. His goal in “writing this book was to help others avoid similar mistakes and learn ways to grow professionally”. Dr. Campbell graduated from Baylor College of Dentistry in 2009, and opened a dental...
byPractice PirateJanuary 13, 2020
It is typically recommended to delay home ownership until after a practice purchase because the practice generates income, while the home does not. Furthermore, ownership of a person’s primary residency is often more of an emotional transaction (it is a lifestyle decision) as opposed to a financial one. With this in mind, it is often wiser to purchase a practice before purchasing a home...
byPractice PirateJanuary 11, 2020
Deciding to become an orthodontist is an expensive commitment. We have already learned about Mike Meru (the first orthodontist to be highlighted for his outrageous student loan burden by the Wall Street Journal). Some interesting conclusions have been drawn from Mike’s student loans and Business Insider does a good job of explaining why dentists, doctors, and lawyers are no longer that...
byPractice PirateNovember 14, 2019
Audio is embded into this post that may not be displayed in our emails. Click on the title to view the webpage. A lot of questions surround the Public Service Loan Forgiveness (PSLF) program since 99% of first-time applicants were denied forgiveness in late 2017 and early 2018. Since then, the program has been temporarily expanded and still has problems. You can learn more on NPR...
byPractice PirateSeptember 27, 2019
Many students will be matriculating from dental schools and residencies over the next 2 months, and student loans will be on their minds. Developing a strategy to repay (or at least manage) your loans early is extremely important. If you want to calculated what your monthly payment will be under PAYE or REPAYE, follow the steps outlined in the post.
byPractice PirateMay 13, 2019
https://youtu.be/0owPXqh8P7U Passing the AGD Fellowship Exam is a requirement to earn an FAGD. The video in this post explains what to expect during the examination. You can sit for the exam before obtaining 500 hours of CE. The exam is 4 hours in length and consists of 252 questions. The exam is based on a raw score, not a percentage.
byPractice PirateApril 26, 2019
Recently, there was a post on the Dental Nachos Facebook Group about what schools a young pre-dental student should apply to. You might have seen it. In my opinion, any answer besides the cheapest school with a cap (I put the cap around 300k), is absurd advice to give to a student you know little about, and it perpetuates the problem.
byPractice PirateMarch 31, 2019
The Rule of 72 is a simple way to estimate how long a particular investment or debt will take to double given a fixed annual rate of return. Some students try to apply this rule to their student loans, but it is not applicable because direct loan interest does not compound. For example, if an
byPractice PirateMarch 30, 2019