The Truth About Dental Student Loans
Today’s strategies for the repayment of dental school loans are simply a Band-Aid for a larger public policy issue around student debt.
Consider this example: In 1983, my father graduated from The Ohio State University
College of Dental Medicine as a general dentist. He owed $40,000 dollars for his education. Six months after graduation, he started to make payments on his 10-year loan. Interest started to accrue when he began making payments. In those days, interest rates for education loans were around 8.5%. This was a time when mortgage rates for homes were around 13%.1...
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Consider this example: In 1983, my father graduated from The Ohio State University
College of Dental Medicine as a general dentist. He owed $40,000 dollars for his education. Six months after graduation, he started to make payments on his 10-year loan. Interest started to accrue when he began making payments. In those days, interest rates for education loans were around 8.5%. This was a time when mortgage rates for homes were around 13%.1...
Click Here to Read More