Average Dental School Debt
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What Is the Average Debt for Dental School?
Factors That Affect the Final Cost
Living expenses. The amount you spend on food, transportation, and other living expenses will have a big impact on your overall dental school costs. If you can save money by living with roommates, opting for groceries over restaurants, or walking or bicycling instead of owning a car, you could reduce your overall costs. Location. Where your dental school is located will also have a major impact on your daily expenses. A dental school in a city with a high cost of living, for instance, will incur higher living expenses than one in a rural or suburban location. Type of school. A private dental school will probably cost you more than a public, in-state dental school. Scholarships and grants. If you can earn scholarships and grants to cover dental school costs, you may not have to borrow as much in student loans to cover your program.
Tuition Is Rising
How to Pay for Dental School
Savings. If you have any savings that you can put toward school, perhaps from a 529 education plan, you can reduce the amount you’ll need to borrow in loans. Scholarships and grants. Both of these awards are types of gift aid that you don’t have to pay back. Applying for scholarships and grants could help make your dental school costs more manageable. You can also look for grants to help pay off student loans. Income from a part-time job. If you have time to work part-time as you’re studying for your degree, you could use your earnings toward your living expenses. Federal student loans. To cover a gap in funding, federal student loans from the Department of Education are an option. You can borrow Direct Unsubsidized Loans or Graduate PLUS Loans, both of which come with fixed interest rates and are eligible for a variety of repayment plans. Private student loans. You can also borrow privately from a bank, credit union, or online lender. Rates and terms will vary by lender, with the best rates typically going to borrowers with the strongest credit. If you don’t have good credit on your own, you might need to apply with a cosigner.
Average Salary of Dentist Degrees
Managing Your Finances as a Dental School Graduate
Frequently Asked Questions
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