Educational Debt Management Materials for Dental Students
These materials were written to assist the graduating class of 2014 dental students better manage their student loans and to plan their overall repayment strategies as they prepare for the transition from dental school to practice or post-doctoral work.
One of the most important relationships you will have as you manage your student loans after graduation from dental school is the one you will have with your loan servicer. The more informed you are regarding what you have borrowed, including the terms and conditions of your loans, your postponement options, and your repayment options, the more productive and efficient your relationship with your loan servicer is likely to be. Many dental school graduates in the Class of 2014 will find they have one loan servicer for all their federally owned loans.
This Repayment Primer is intended to help you better manage your student loans as you prepare for the transition from dental school to practice or post-doctoral work, whether a school-based or an employee-based residency program. You will be working with your loan servicer(s) in repayment, so be sure your address and contact information is up to date and pay special attention to any correspondence from loan servicers.
You may be considering consolidation as part of your overall repayment strategy as you graduate and transition into your dental career or begin additional training following graduation. Consolidation is a process whereby you pay off multiple loans with one new loan. There are both advantages and disadvantages to 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 2014 will not need to consolidate their student loans.
Download this PowerPoint presentation explaining repayment strategies for managing your student loans.
Dental school graduates with private education loans from college, post-baccalaureate programs, and even dental school often have questions about how repayment of these private loans may impact their overall repayment strategy, whether they go straight into practice after dental school or enter a post-doctoral residency program. The information below may help you gain key insights into how your private loans work, which should help with your overall repayment strategy.