That was the average debt carried by graduating dental students in 2018. It reflects a 4x increase in the amount of debt since 1990 (according to the American Dental Education Association). That’s why it’s essential that you plan carefully and make the best financial choices even before you start dental school.
Tips for Living on a Budget
- Set a spending limit: Establish your weekly or monthly limit, but be reasonable. Give yourself room and avoid extremes. Use apps like Mint or You Need a Budget to track what you spend money on, how much and when.
- Be smart about credit cards: Have cash set aside to pay off credit card balances each month so you avoid high interest charges.
- Get good grades: Keeping good grades may save you money. Check with your car insurance company to see what GPA they require for a discount.
- Use coupons and loyalty points: Most restaurants and stores have loyalty programs that give members access to some serious savings. Companies like Groupon and Living Social promote local deals and services. Grocery stores offer and accept coupons.
Ways to Pay for Dental School