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Lessons

Course Overview

This course is designed to review strategies with young dentists to manage their student loans. This course is applicable to current students, recent graduates, and practitioners who have not refinanced their federal student loans.

Glossary of Terms

You need to be an active participant in your financial health. In order to participate competently in your own personal finances, you need to be able to communicate effectively with…

Student Loan Types

There are several types of student loans available for graduate students. However, the 2 loans that are typically used to fund the bulk of your dental education are Direct Federal…

Subsidized vs. Unsubsidized

Prior to 2012, subsidized loans were available to Graduate Students. While undergraduate students still have access to subsidized loans, graduate students are no longer afforded this luxury. Subsidized loans do…

Interest Rates for Direct Loans

How are interest rates calculated for Direct Loans? Interest rates for loans issued through the Federal Direct Loan Program are set by federal law and are fixed for the life…

How are payments calculated?

Discretionary income is the value used to calculate a borrower’s required payment under any of the income driven repayment plans. From your 2018 tax returns, your adjusted gross income can…

Negative Amortization and Breaking Even

Amortization of loans refers to the spreading of payments over a defined period of time often referred to as the amortization schedule. Upon graduation, dental students enter a standard repayment plan where…

Events that Trigger Capitalization

If you are experiencing negative amortization while in an income driven repayment plan, you should be aware of what causes capitalization. Capitalization is an event where outstanding interests is added to the…

Annual Recertification

This lesson is simple. While enrolled in any income driven repayment plan, borrowers are required to certify their income annually. Failure to provide proof of your income results in capitalization…

Calculating the Cost of Dental School

In the video below, we will walk through how to calculate how much the first year of dental school will cost a student. In the example, we run through the…

PAYE and REPAYE

The two repayment plans that recent graduates and current students are choosing between are PAYE and REPAYE. Both programs calculate the annual payment to be 10% of the borrower’s discretional…

Consolidation

Consolidation is the process of combining multiple loans into a new, single loan. If you are consolidating direct loans, or combining non-direct loans with direct loans, the process is referred…

Loan Repayment Programs

The video below was recoded as a part of my FQHC lecture. I have included the video here because many young graduates have questions about NHSC and IHS Scholarships and…

Private Refinancing

Deciding to refinance is a big decision. Refinancing is a private endeavor that can be redone but not undone. What that means is that a borrower can choose to refinance…

Conclusion and Quiz

I often have a conservative outlook. I have met dentists with net incomes in excess of 350k as well as net incomes below 90k. One of the benefits of our…

Frequently Asked Questions

This page in the course is a work in progress and will be updated periodically. If you have a question, please submit the question using the form below and I…

Updates

There are no updates to report at this time.

References and Resources

This page will be used to provide a list of references and resources. Unfortunately, links break, but I will periodically check to confirm that these links are working. If you…

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