0% Interest
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...
Calculating the Cost of Attending Dental School
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.
Practice Financing
I live in Southern California, and one of the dental practice brokers in the area is Bette Robin. I have not used, nor do I endorse her services; however, she recently released a podcast and this particular episode with Matt Christie of Bank of America is worth listening to. https://overcast.fm/+P8ASlbHvk Dr. Paul Goodman and other
Revisiting Mike Meru’s $1M Student Loan
As I was reflecting on 2018 over the New Year, I recalled Dr. Mike Meru’s story of a 1 million dollar student loan. In May 2018, the Wall Street Journal published an article about Dr. Meru’s student loan balance – which had exceeded 1 million dollars. If you subscribe to the WSJ, you can read
Amortization and Negative Amortization
Amortization of loans refers to the spreading of payments over a defined period of time often referred to as the amortization schedule. Upon graduation, dental students enter a standard repayment plan where their graduate student loans are amortized over a 10 year term. Since most graduates have no income on the day they graduate, it is
How to Find Your First Job as a General Dentist
. As we get closer to graduation, many young doctors will begin seeking employment. This post is intended to help those looking for their first job. If you have any tips for the new grad please leave them in the comments. It’s really
Dental School Costs Too Much
A few days ago, another conversation unfolded in the Dental Nachos Facebook group about the cost of dental school. This is a long post, so here’s the summary: the cost of dental school is outrageously high, and some of us (dentists) are beginning to take notice. When it comes to the cost of dental school
Accrue or Compound
I was interacting with a senior dental student on Facebook a few days ago and it became apparent that some students may not understand the difference between the capitalization of outstanding interest and compounding interest upon graduation. This particular student is going to graduate with approximately $400,000 in federal graduate student loans (all of which are