I agree that if you're only doing this for the money, there's no way you'll get through pedo.
However, why is everyone always talking about there's a shortage of dentists/pediatric dentists/etc? I feel like this shortage talk is being used by these "educational institutions" for profit. Now if you analyze the shortage, it's not the major cities; it's always in the rural areas. I am from a rural area, and see the effects it has having the nearest dentist be 42 minutes away in rural PA. Has the increase in the number of dental schools or dental school graduates helped these areas? Has the increase in the number of residency spots helped these areas? NO! Most of these dentists end up in the saturated areas anyway. We have had 1 dentist for the past 28 years here in my area, who as a I mentioned before is 42 minutes away. He bought the practice from a guy who owned it for the previous 20 years. So for the last 48 years, there has been only one dentist in my area. You look at California, where the desert areas have severe shortages. People there used this "shortage" to build more dental schools in Southern California (Ponoma and soon San Diego), which happens to be the most saturated area in California. Also, by increasing the number of spots, I believe it is becoming less competitive and less qualified people will be allowed to be dentists. Is that really what we want in our profession?
There's no law saying there must be a dentist practicing in rural areas, and quite frankly there will never be. Adding expanded function hygienists won't solve the problem either, because most will also want to go to metropolitan areas, not rural areas. Yet, we continue to say there's a shortage. Well folks, there is a shortage in rural areas, but to say we are fixing it by increasing the number of dentists is an artificial fix. You'll only saturate areas more and more that already have dentists. How many fresh graduates in California work as hygienists to start? I know a friend who graduated last year who is doing just that.
Additionally, I agree with the Santa Claus theory. However, I think once the government pulls out the money, you'll see residency programs shut down left and right. I was actually told this at a recent interview.
Just my two cents. In the end, I realize I'm just one voice.