UPenn Dental School Tuition/fees tops 107,000/yr

Discussion in 'The Pub' started by StevenA, Jan 21, 2015.

  1. EricPeterson

    EricPeterson Member

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    EDIT: Removed in its entirety to stop derailing the thread, hopefully.

    :)
     
    Last edited: Jan 21, 2015
  2. StevenA

    StevenA Member

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    Perhaps, but opening a practice, plumbing, electrical, equipment, pictures of geese on the wall will come in at around 400K. Being a mil in debt waiting for the the phone to ring may be daunting.
     
  3. cap217

    cap217 Supporting Member

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    He is saying that you have to factor all those costs into opening an office.
     
  4. fjblair

    fjblair Silver Supporting Member

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    Huh? You may want to re-read the post you quoted.
     
  5. EricPeterson

    EricPeterson Member

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    I may have misunderstood his point. It seems I did.


    I agree that opening a dental practice is daunting and not for the faint of heart, with risk comes reward.
     
  6. Barefoot

    Barefoot Senior Member

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    But wait....the first two years are going to be free....FREE.
     
  7. DK207

    DK207 Member

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    That is insane. Really hard to pay back that kind of $$ and buy into a practice. Especially given current student loan interest rates.

    The medical field is going to be screwed in the upcoming years, nobody in their right mind that doesn't have mommy and daddy paying the bills will enter the field. Most of my class in med school had to survive on loans, but our interest rates were in the 2-3% range, not 7+% like they are now.

    It has already happened to primary care and the vast majority of new grads are entering into subspecialty fields.
     
  8. DK207

    DK207 Member

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    He is saying that it will cost 400K to open a medical or dental practice, with plumbing and electrical being part of the overhead cost.
     
  9. dysorexia

    dysorexia Senior Member

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    Reading comprehension is hard.
     
  10. EricPeterson

    EricPeterson Member

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    Yep, I admitted my mistake, more than I can say for many posters around here. Tough crowd.
     
  11. DK207

    DK207 Member

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    No harm no foul in my book! :dude
     
  12. BadHat

    BadHat Supporting Member

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    that's why they get paid $500 an hour.
     
  13. s2y

    s2y Member

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    That's insane tuition. I wonder if there will be a point that the government steps in. Hard for these grads to buy houses, cars, and other consumer goods with such debt.
     
  14. VCuomo

    VCuomo Member

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    Possible, but doubtful...

    I think that there are very, very few dentists who earn $450K+ per year.
     
  15. sleewell

    sleewell Member

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    a bubble is inflating, when it will burst is hard to say, but it will.
     
  16. StevenA

    StevenA Member

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    I know many wealthy dentists. I also know the same amount who wonder where they went wrong.
     
  17. echos

    echos Member

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    The quick reply from most will be, "who cares because all doctors are rich". What they fail to take into account it the school loans for dental/medical school AND undergrad. You send the first 20 years of your career just paying back loans and trying to get by. Being in the medical field isn't what it used to be. One can still make a good living but all my friends who got business degrees are earning 2-3 times what I make and only have 1/2 the student loan debt.
     
  18. DrJamie

    DrJamie Silver Supporting Member

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    While dentistry has been a wonderful profession, the cost of getting started, and loan payback would be daunting when you consider a realistic income figure for new dentists. I love the wild income estimates people make. Easy to fact-check incomes with the internet these days. (I wish we were doing half a mil on average.) I'd have a CEO7, AND a SCGC Vintage Artist, swimming in mahogany I tell ya!
     
  19. shawnshack

    shawnshack Supporting Member

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    If they go a million in debt, then they'll have enough in collateral to pay it off. Government loans cap out at $138,500 for a grad student. The other $861,500 will have to come from private loans. So they will have to come from a rich family or have some major assets to back the loan with.
     

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