Educational Debt Management Materials for Dental Students
The materials on this page will assist dental students with better managing their student loans and planning their overall repayment strategies. The AAMC/ADEA Dental Loan Organizer and Calculator can also help.
Public Service Loan Forgiveness: What Every Dental Student, Resident and Fellow Should Know (September
Download this two-pager on the Public Service
Loan Forgiveness (PSLF) program, which explains the program, how dental school
borrowers can qualify, and provides resources to help determine if PSLF should
be part of a borrower’s repayment strategy. Included are three different
scenarios with forgiveness estimates for dental school graduates using the
AAMC/ADEA Dental Loan Organizer and Calculator.
Entrance Interview Companion, Class of 2020: Important Information About Financing Your Dental Education
Targeted to first-year dental students, this narrated presentation provides important information about financing a dental education.
Interest Rate Primer: Understanding How Interest Rates Work on Your Student Loans
This narrated presentation will help you understand how the interest rates work on your student loans, along with information on capitalization and how capitalization works on the loans you are likely to be taking out as a dental student. The Primer includes helpful tips on how to reduce the impact of high interest rates and capitalization on repayment.
Simple Steps to Effective Student Loan Repayment (February 2016)
In this narrated presentation, dental students can learn how to easily determine the best repayment strategy for their student loans after they graduate, including information about repayment in advanced dental education programs. Highly recommended for dental school graduates in the Class of 2016.
Senior Loan Exit Interview Dental School Class of 2016
Download this comprehensive PowerPoint presentation explaining repayment strategies for managing your student loans. Highly recommended for dental school graduates in the Class of 2016.
Income-Driven Repayment (February 2016)
In this narrated presentation, learn about the various income-driven repayment plans, including Income Based Repayment (IBR), Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE), and how to determine if they should be part of your repayment strategy as a dental school graduate. This module is highly recommended for dental school graduates in the Class of 2016, especially for those with high debt.
Public Service Loan Forgiveness (February 2016)
In this narrated presentation, learn about the Public Service Loan Forgiveness program, who it is designed for and how dental school graduates can qualify. You will also learn about proposed changes to the program. This module is ideal for anyone interested in public sector nonprofit work, including academic dentistry.
Federal Consolidation (February 2016)
In this narrated presentation, learn about the advantages and disadvantage of federal consolidation and how to determine if you should include federal consolidation as part of your repayment strategy as a dental school graduate.
Refinancing Student Loans (February 2016)
In this narrated presentation, learn about refinancing your student loans (including federal and private) with a private lender. You’ll learn how to determine if you’re a candidate for refinancing and if so, some important tips on how to choose a lender. This module is highly recommended for dental school graduates in the Class of 2016, especially those going directly into a practice and who may not be interested in an income-driven repayment plan or forgiveness program like Public Service Loan Forgiveness.
Consolidation Primer: Consolidation as Part of Your Repayment Strategy (March 2016)
You may be considering consolidation as part of your overall repayment strategy as you graduate and transition into your dental career or begin advanced training following graduation. Consolidation is a new loan that pays off multiple other loans. There are advantages and disadvantages to federal consolidation, and while it is an effective debt management tool for some dental school graduates, it is not appropriate for everyone. We anticipate that many dental school graduates in the Class of 2016 will not need to consolidate their student loans. This is a printed version of the information covered in the Federal Consolidation module referenced above.
Questions to Ask When Considering Refinancing Your Student Loans (November 2015)
There are a number of private lenders and other organizations offering to consolidate or refinance both federal and private student loans for eligible borrowers. While eligibility requirements vary by lender, some private lenders are targeting borrowers with higher or potentially higher incomes, as well as those with at least some history of employment. This is a printed version of the information covered in the Refinancing Student Loans module referenced above.
Loan Servicing Primer: Loan Servicing Update and Tips for Working Effectively With Loan Servicers (February 2015)
One of the most important relationships you will have as you manage your student loans after graduation from dental school is the one with your loan servicer. The more informed you are regarding what you have borrowed, the more productive and efficient your relationship with your loan servicer is likely to be. Many dental school graduates in the Class of 2016 will find they have one loan servicer for all their federally owned loans.
Questions to Ask Before Borrowing Private Loans (August 2015)
This Primer is designed to help you understand what kind of information you will need before applying for a private loan to finance your dental school education. These questions should also be asked of the lender or loan provider of any private loans you may have from college, as it is extremely important to know what happens to these loans during dental school and immediately after graduation. We encourage you to always speak with your financial aid office before taking out private loans.