Hi. So - I love orthodontics and am committing to this no matter what. But I want help with the financial situation, because we aren't taught much of this in school.
After dental school, I will be $400,000 in debt. With ortho residency, it will be $600,000. I know I should choose a cheap program but there aren't many out there. So with $600,000 in debt, what kind of loan repayment should I do? Let's say I get offered a starting salary of $175,000, what kind of breakdown should I expect in terms of loan repayment, retirement saving, living expenses, etc?
Also, what is the average starting salary in this economy in a city/suburban area (not middle of nowhere)? Is $175,000 reasonable or should I increase this breakdown to $200k?
Thank you!!
After dental school, I will be $400,000 in debt. With ortho residency, it will be $600,000. I know I should choose a cheap program but there aren't many out there. So with $600,000 in debt, what kind of loan repayment should I do? Let's say I get offered a starting salary of $175,000, what kind of breakdown should I expect in terms of loan repayment, retirement saving, living expenses, etc?
Also, what is the average starting salary in this economy in a city/suburban area (not middle of nowhere)? Is $175,000 reasonable or should I increase this breakdown to $200k?
Thank you!!