Guest dentforsure Posted July 24, 2005 Report Share Posted July 24, 2005 I remember going to ubc's scotia bank tour once. It says it takes an average of 4-5 years to pay off undergrad student loans. Assuming that's a $120000 debt + interest. So...by that time...most of us are around 30 yrs old...then it comes to opening up a practice...that's prolly gonna take even longer to pay off...and mortage... what do you guys think? Link to comment Share on other sites More sharing options...
Guest Dent08 Posted July 24, 2005 Report Share Posted July 24, 2005 ... and then there are car payments ... and then you have to save for your kids to go to university ... etc. Ever seen a dentist begging for money in the street? Unless your last name is Hilton, you're probably going to have to rely on debt financing to get thru life. Don't worry about it. Dentists have a reputation for making a good living. Some graduates will associate longer than others. Some will start new practices, some will buy established practices, some will go back to school to specialize. There is no set formula. Link to comment Share on other sites More sharing options...
Guest orlinmyer Posted July 24, 2005 Report Share Posted July 24, 2005 I've heard of $7000/month in payments. But they were still able to do it, so that says something. Link to comment Share on other sites More sharing options...
Guest slysniper Posted July 24, 2005 Report Share Posted July 24, 2005 I totally know what you mean "dentforsure". This is something I have been wondering about too. Man, talk about all the loans a newly graduate dentist has to pay off: student loan+business loan+morgage+wife's plastic surgries (ok, I made the last one up). But, man, I seriously wonder how they do it. Link to comment Share on other sites More sharing options...
Guest Mr Shakur Posted July 25, 2005 Report Share Posted July 25, 2005 Yo... Fasho... I was at the same Scotia Meeting at UBC, they said that most dentists are usually completely out of debt in about 7-10 years. Hope that helps. Well.. back to partying...:smokin Link to comment Share on other sites More sharing options...
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