Educational Debt Management Materials for Dental Students
These materials were written to assist the graduating class of 2015 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.
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 process where you pay off multiple loans with one new loan. There are 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 2015 will not need to consolidate their student loans.
Income Driven Repayment Plans and Forgiveness Programs
This recorded module looks at the income-driven repayment plans like Income Based Repayment (IBR) and Pay As You Earn (PAYE) and helps dental school graduates determine if these plans should be part of their repayment strategy. The module also looks at forgiveness programs, including Public
Service Loan Forgiveness.
One of the most important relationships you will have as you manage your student loans after graduation from dental school is 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 2015 will find they have one loan servicer for all their federally owned 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.
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.
Repayment Strategies for Managing Your Student Loans
This recorded module looks at simple ways dental school graduates can determine the most effective repayment strategy for their student loans, regardless of their career plans and regardless of any postdoctoral work.
Download this PowerPoint presentation explaining repayment strategies for managing your student loans.