A typical dental school education costs upwards of $70,000 per year including living expenses. According to the American Dental Education Association, the average indebted dental student in 2016 graduated with $261,149 in dental student loans. Perhaps even scarier, 4 in 5 dental students are included in that indebted group. Sadly, those massive debt profiles do not even tell the full story.
Many dentists have to borrow even more after obtaining their DDS or DMD for tuition and fees during residency or other postgraduate specialty training. To top it off, compound interest growth from forbearance and deferment during this training can easily result in a $400,000-$600,000 student loan balance before newly minted dentists even earn their first “real” paycheck. Excuse the word choice, but dental student loans are drilling the future of the profession.