People just need to STOP applying to dental schools to force schools to lower their tuition costs. As long as students keep getting easy loans, the schools will just keep increasing tuition etc.
EvaSlash Please subscribe to our RUclips channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.
because DENTAL is like pharmacy, law, and medicine. you increase supply, demand drops and the salaries become low. when it comes to schools, they don't care, as long as there is demand for stupid idiots who sign up, they will increase tuition.
The free market will work it self out… eventually the public catches on and realizes that getting into $300-$400,000 in debt to make 1/3-1/2 that in salary is not a sustainable model…. Not when a experienced skilled unionized tradesman makes almost the same without ANY STUDENT LOAN DEBTS.
As a predental studying for my DAT right now, I can't even tell you how scared I am. Spending thousands of dollars applying to dental school, and another thousand to study for and take the admissions test, and another few hundred down the line to invest in scrubs, computers, background checks, all before even starting dental school. The debt starts before you even enter dental school.
Couldn't agree more to what you're saying. I'm in the same position and these numbers are the worst to look at. That's why on the side of dentistry I want to invest in learning the stock market or even learning how to flip homes. That way I have more than one source of revenue to depend on.
Very true . I'm a final year dental Student and I already feel the pressure in getting into a speciality. Lot of new graduates and existing dentist giving us competition.
Mythili Rajan specialty isn’t always the answer though, dependent on specialty and price of your residency. Specialties do make more but a lot of factors go into specializing and profit. And only specialize if you really like the specialty or else you’ll be miserable
Mythili Rajan Please subscribe to our RUclips channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.
A 3-4 year military scholarship is extremely valuable these days with the average price of dental school approaching $500k after you factor in interest that accrues while in school. If the military, indian health services, or NHSC are not for you, look into buying a practice 1-2 years after graduating. Get good at molar endo, extractions, implant placement and bread and butter dentistry to keep most procedures in house. There is no reason why new grads can't run a $1million practice with 50-60% overhead within a couple years after graduating.
because dental reimbursements are at a all time low. insurance are not paying out too much anymore. with overhead costs eating up profits. not worth it. also, where do you get the capital to start a practice? who will lend out money to someone who is in 1.2 million in debt?
@@gatorboydomino Thank you so much for replying! I am applying this summer but want to get the scholarship my first year. Should I spend time now volunteering at clinics on the weekends? What else do you think would make me competitive?
It certainly would be nice to go to school for free, but you pay it back with a lifetime of higher taxes in the EU, which will certainly add up to more than the cost of dental school in the beginning.
senhorbaker Well it is a different economic model. Which is better? It is open to debate. I believe Scandinavian model is better than the one in the united states. Education goals are higher, gdp per capita as well. When education is universally available more people get educated and earn more. When you don’t have to pay for education and health care whatelse you need money for. It also means taxes as high as 70%. Like I said it is debateable
@@AidPast so? Does salary need to be as high when you have a government taking care of your basic needs and why are you interested in dentistry if it’s only for the money anyway 😒
The loan industry has destroyed many of our dreams under the auspices of helping us achieve them. Many of us actually wanted to serve in economically-challenged areas. The scholarships and "pay-back" opportunities have decreased. While going to college is certainly a choice. There is NO reason for tuition to be as high as it is. It's certainly not going to college professors' salaries.
Schools in general are money making scams. They are businesses in the end of the day. RUclips Peter Schiff College and #Outwithstudentdebt. Let me get your thoughts.
Another kicker is you can not deduct student loan interest on your taxes unless you make less than 80k or 160 if filing jointly. Even then the max deduction is only 2500...
You guys sound naive!!! “Oooh I discover dental school is a business blah blah” Guys!!! Everything in this planet is a business, even marriage!! Helloooooo
I hope more college students see this video because this is the reality of our career. Prices for dental school keep going up but our starting salary as a dentist hasn’t changed much in over 10 years. I am glad I got into a paid endo residency because I don’t know if taking out another 200k would be worth it especially not for those who already owe $500k from dental school. P.s your video production is good but make sure your audio volumes are on point, your intro music is loud relative to your mic audio
From an ex recording professional, don't use music at all. I didn't go to your site for music, all it does is distract and that's the last thing I need.
My debt was $9000 Australian dollars for 5 years of dental school. Graduated 2000 so Aussie dental schools now are much more expensive. Still nowhere near ridiculous US costs. If I was in the US I would encourage my kids to be plumbers.
the best thing to do will be to go for a dental hygiene program at a community college which doesn't cost much and it only takes two years. And their average salary is around 70,000 dollars with the top 10 percents earning more than 100k a year.
Can't imagine being a dental student is USA. I'm going into a Canadian dental school, I'm projecting 250k CAD and hoping to pay it off in 3 years after graduation
Master plumbers and master electricians are actually taking home more money than an a general dentist or veterinarian AFTER taking into consideration the lost opportunity costs and student loan debts… something is totally wrong with this picture. The costs of the education needs to reflect real world take home pay. If this were the case, the costs of these professional schools would be 1/4 the cost.
8 years ago I was forced to file for bankruptcy o feed my two young children. I found a doctor owned group practice and am doing much better! However , I am still paying off student loans after 19 years, and I went to an in state university. Just a thought. Great videoooooooo!!
I may be wrong, correct me if I am, but knowing how the loan works is that you pay off your interest first. The thing about that is in the first year after dental school, all the money you pay to bank is interest, which is tax deductable. so let's say you made 120k, but you paid 40k for your loan. that 40k deducts from your gros income and puts you at 80k which is a lower tax bracket (I hope). Only after that, taxes are being deducted. I mean it's not gonna help out that much, but it does give you the ability to crunch in some numbers, so you can live in relative comfort, and not eat out out of a trash can. I hope I am righ, I am a D2 student in New York, it doesn't matter if you are in state, out of state, or international student, you pay the same tuition. And at the end, my debt will be 500k.
Just remember future dentists, the dumber you are, the more expensive dental school will be.. The better your grades are, the higher your chances are to get into a cheaper dental school.
Hey Kevin, thanks for doing these amazing videos about dental school. I would like to get your opinion on the path I am trying to purse. Currently, I am enrolled in an accelerated BSN program for my RN/BSN license. I am still interested in dentistry, but would rather not put all my eggs in one basket, if I don't get accepted into my state's dental school. I know the route I am taking is long and hard, but I believe it can be done since I have already finished most of my perquisites for dental school.
If you want to work with your hands and avoid a lot of debt, learn a trade. My husband is a Master Skilled Tradmens and makes 6 figures and has no student loans. Trade school was about 18 months long. He had to pay for it, but it wasn't nearly as much as dental school. Community colleges are offering trade programs. Kids who work for my husband are making 25-28 bucks an hour in their early 20s. He just took on a 19 year old kid fresh out of H.S and he's making 18 an hour while getting paid to be trained. My husband and I are both Millennials. College is getting so ridiculous, it makes me anxious for my kids. Hopefully they pick up a trade or marry someone who does.😅
Sherry lazdinsh , where do find people like your husband who offers a decent pay to learn a trade. I’ve always been interested in trades but a lot of trades men’s don’t want to teach others what they know.
Tbh, there is really no safe career path including trades. Getting into trade may be cheaper and faster but you will never have a real career. Trades take a toll on your body, and its not something you can do till your 50s. Not to mention, you'll make ok money in the beginning but you have a salary cap and will never break 100k unless you work overtime, travel, or become a foreman. Just choose a career path that you will like and enjoy, pretty much pick your poison because no job is perfect.
@@billrussell4832 you don’t know what you’re talking about. Many of them eventually own their own business and have other people working for them do the physical labor. All they do is just check up on the work and play a managerial role many times. I have worked with many of these people for 15 years and that’s what I have seen. I know FOR A FACT that where I work, the truck drivers make an average of $90,000 a year and the maintenance managers make about $100-120,000… they aren’t running around in $300,000 of debt and they are taking up MORE MONEY than an indebted associate dentist or the veterinarians across the street from the plant we work at. Eventually more and more people will catch on to this mismatch and the education prices will adjust… unless people actually love getting into MASSIVE DEBT to earn the same as a unionized high raise crane operator etc, those people making over $200,000 in new work, they ain’t walking around with student loan debts.
@@radrose8673 you have to know what you are doing… people think it’s super easy yet there are people who went bankrupt because they didn’t do enough research.
I think it's a bit ironic. It would seem that since money is no longer the best rationale for going into dentistry, things have gone full circle, and you've got to once again ask yourself, 'Do you really like working with your hands?'. Because if you don't, there a lot easier ways to make $2000 a month.
Definitely these are statistics that people have to consider when getting into dentistry, but the truth is it's still a great profession. I graduated 7 years ago -- everyone in my class that I know of is doing well (or it seems) but nobody in poverty. Some of my buddies making more than 500K + as general dentists, paid off debt a long time ago. It is possible, but would be very hard for someone who wants to work part time, or who does not add procedures to their skill set. Work hard, make smart decisions, keep learning all you can and it works out.
Don’t worry about the debt. Just don’t be stupid and spend all your money on stupid cars, vacations, houses, right away! Stay away from credit cards and further debt!
Cale Grenillo-Weaver You are young, talk to me when you’ve been out 9 years like me. Dental students do take out too much debt on living expenses, and end up going to private or out of state schools they can’t afford. Many dentists are one step away from bankruptcy due to house/practice/equipment/divorce/credit card debt....not student loan debt alone. Be respectful to your colleagues as it is a small Dental community and I’m sure we will see each other at ADA and other meetings. We are in the same side here. Cheers and best of luck during your dental school, you chose a great career.
Israel Trujillo lots of students choose out of state schools because they have to (like myself) because our states simply don’t have any dental schools.
@@Ty-op5xr It's half a million for graduates now. The cost incurred upon graduating from dental school will be 2 million way before the class of 2080. As I said, dental schools do not care.
Thank you, Dr. Kevin. Very informative! However, after considering all these aspects. What advice could you give us as pre-dental to get less debt as possible? What could we do to manage our loans and avoid useless debt? Also, what can we do to get scholarships?
Go the least expensive dental school if possible. It is okay to go to one more expensive for whatever reason. Just need to have a plan right away following graduation. Aside from getting a good job, investing is very important. I made a video about this recently.
The military (Army / Navy / Air Force) has a Health Professions scholarship program that pays for medical education in exchange for service. (Not just for dentists but also MD, DO, PA, NP, OD, psych, pharm, & veterinarians)
I am graduating from Pakistan and I will have to repeat just last 2 years here in US.I want to know can an international dental student get into public sector dental schools and how much fee will they cost for 2 years?
You didn't even talk about globalism and how U.S.dentists charge many times more than dentists in other countries. Maybe I should of done this video. Proverbs 1:7 "The fear of the lord, is the beginning of knowledge."
Why would you make the point that if you make a lot of money you have to pay a lot in taxes. That you should of known already. If you don't like the system don't play the game. Just sit idle and collect gov't checks as the poor do. Weak.
hi i am a filipino i hope you will answer my question.what if i'm done my study here in the philippines but i want to work in usa do the clinics will accept me even if i study in ph/outside country ? will i be approved ?
The interesting thing is that the saturation only exist in big cities or more populated areas. There are still many locations in the United States that are in need of dentists and other healthcare providers. It's just that the areas in need are in small towns. To answer your question, I think the saturation will continue to increase in the next 10 years in big cities. There are still new dental schools opening.
Same Actually. 400K debt and when you finally find a job you only make 120K before taxes. Can't negotiate prices b/c your are one of many associates who will want that job. now your left with 80K after tax and pay 50K of your debt off (so it doesn't keep growing exponential ) living off 30K for 8 years. Then finally you can take out another loan and buy or build a practice, and can start making 175K. You still need to pay these loans back and find an area that is not saturated. Let's not forget that most residencies are not paid and you have top pay them (www.reddit.com/r/personalfinance/comments/2l0kjd/how_to_pay_off_about_1_million_in_student_loans/) The career is amazing but the fact that D-school is so expensive and the market is poor rn, makes this a insiders game. If your parents or relatives are dentist, they can help pay off your debt and you can work in their practice. Compare this to medicine where the debt is less (~250-300K ) and docs make about 170-200K starting off, some a lot more. Not to mention that all medicine residencies are paid. Well Good luck with whatever you plan to do!
Ryan, if you have any questions on the positives sides of dentistry, let me know too :) I just want to make sure you have the full picture to make your final decision.
Hello Dr Kuo, As a current dental student I am unsure if i should get into more debt for a residency. Can you please share your opinion on if doing one is financially worth it. Thanks!
Hi, good question! Generally, you make more as a specialist, but like you said, the debt is also more. That means one has to hustle no matter what. In the end, the answer to your question should be more with what you want to do clinically. Is there a specialty that you are more willing to work longer hours? Is there a specialty that you will love doing no matter how much money you are making?
Kev you learned that school doesn't pay. Hence the RUclips channel. You should of started that first. Just drop dentistry and be a full time tuber. They can still call you doctor.
Joe Kainrad yeah true, but image being 500k in debt then getting replaced with machines ...lol. the only job you can get is retail job making minmum wage because you have no other skill because u spent all that time becoming a dentist.
Why go into any profession then if we're all going to be replaced by robots then? What are business people going to do when robots become more charismatic than them and are better sales people? What are accountants going to do when robots are able to entirely do their jobs? Those people spent all that time going to school and then they wouldn't be able to work either. As far as an actual example of machines in a medical field: majority of the work done in the microbiology labs in hospitals are now done on machines; however, the demand for lab technicians is still incredibly high. Assembly lines are automated by robots, but humans still need to perform certain actions and manage the machines. Yes machines can do things more efficiently if it is a simple action that is to be repeated thousands of times, but being a dentist or any other kind of doctor requires a human perspective. The robot is only as good as the coding behind it, and there are so many different aspects of medical procedures that I find it highly unlikely that a robot will be able to do all of them perfectly. Becoming a dentist requires you to go through undergrad and get a bachelors degree first, and many people need to get a masters degree before they even get into dental school. I know many people who went for chemical engineering and then went to dental school. If robots phase out people, then they would just go be chemical engineers. I do research in a microbiology lab currently because if I don't get into dental school then my backup would be to go to a PhD program involved with microbiology. In addition to that, literally anyone with a bachelor's degree in any of the basic sciences would be able to work in some kind of lab and make much more than minimum wage.
Joe Kainrad Here is the thing healthcare is a business. Like any other business they only care about making money. one way companies cut costs are finding alternatives ways to get jobs done like replacing people with machines. yes, eventually dentists will be replaced with machines because a lot of what dentists do is pretty repative work for the most part. even physicians will eventually be replaced with machines also youtube will artfical intellegnce replace physicians. You mentioned that u had friends that were chemical engineers and they go find work if dentists get replaced. here is the thing the demand for chemical engineers is on the decline. look up the bls for chemical engineers.
You cited the 10 year plan and that is alot of dough to pay out for 120 months. So why not cobsider a max length repayment arrangement program and make principal payments. I mean if you have a 30 year mortgage and budget for and conscientiously make a $200 principal payment every month, you'd be amazed at how many years you will have eliminated. As an entry level provider it would not hurt to think in terms of frugality as opposed to "status consistent," if that makes sense. Flashy bank accounts are more pleasing in the longrun than are ostentatious trinkets. Pay dues at first and work on learning the business and then build your own shop.
you want to be paying off loans until your 60? not save for retirement, buy a house, or have fun until 60? your suppose to retire at 60, not paying off your loans at 60
@Timmy Tran Laundry list 1. CRUSHING,…debt 2. Somehow it’s socially acceptable to tell the dentist you “hate him” but,…”no offense”. 🙄 3. Patients are less and less appreciative. 4. Stress of doing quality work 5. Stress of doing quality work and it may still fail. And when it does fail, patients will tell you “you did it wrong”. 6. Competition 7. Did I mention CRUSHING debt? Let’s mention it again. 8. Can’t write off interest on your dental debt. 9. All the time/money you lose being in school. 10. Having to be the top of your class just to “possibly” be admitted into a good school. 11. Did I mention CRUSHING debt? 12. Patients expect you to be a counselor on top of doing quality work. 13. Battling insurances that cover nothing and deny your work was even necessary. 14. Putting up with staff drama and staff turnover. It’s the #1 suicide profession for a reason. You ask an old (like 50’s and older dentist) if it’s worth it, a lot will say “yes”, but that’s because they paid almost nothing for school and insurance paid a lot more. They lived in the golden age. It’s gone now. Gone. Oh, and I almost forgot. SOUL-CRUSHING debt. 😀👍
@Timmy Tran These are things i wish someone told me before I got into school. The only entity that benefits are the dental schools. The dentist and patients now all have to suffer. People need to stop applying and paying these ridiculous fees. It’s the only solution.
For a doctor, I would think it is. After all those hours and mental exhaustion any doctor would be expected to at least be compensated more than $2000/mo for all of the things they had to do in college and in dental school to get to where they're at. - Trying to be a dentist btw and ngl these numbers always scare me
Nainesh Patel If you get to do what you love then $2000 a month is possible to live on. Is it fair compensation, absolutely not. You should of had rich parents who propagated their family’s wealth by sending you to dental school. Instead, you’ve opted to pay into a corrupted system of overpriced education and healthcare to eventually gain membership into an exclusive club of overpaid professionals whose outrageously long, expensive education limits the entry of others into the field. You’ll eventually recoup your losses through all the over treatment and misdiagnosing you’ll perform on your double booked schedule.
People just need to STOP applying to dental schools to force schools to lower their tuition costs. As long as students keep getting easy loans, the schools will just keep increasing tuition etc.
EvaSlash Please subscribe to our RUclips channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.
because DENTAL is like pharmacy, law, and medicine. you increase supply, demand drops and the salaries become low. when it comes to schools, they don't care, as long as there is demand for stupid idiots who sign up, they will increase tuition.
🤣🤣
The free market will work it self out… eventually the public catches on and realizes that getting into $300-$400,000 in debt to make 1/3-1/2 that in salary is not a sustainable model…. Not when a experienced skilled unionized tradesman makes almost the same without ANY STUDENT LOAN DEBTS.
As a predental studying for my DAT right now, I can't even tell you how scared I am. Spending thousands of dollars applying to dental school, and another thousand to study for and take the admissions test, and another few hundred down the line to invest in scrubs, computers, background checks, all before even starting dental school. The debt starts before you even enter dental school.
Unny S Whats even scarer is going into dental school rack up 400k and right at the end u flunk out....lol.
Couldn't agree more to what you're saying. I'm in the same position and these numbers are the worst to look at. That's why on the side of dentistry I want to invest in learning the stock market or even learning how to flip homes. That way I have more than one source of revenue to depend on.
Then why are you predental? Don't do it. It's not worth it.
where are you in the process?
@Rich 91 I never said it would be easy, come on now. There is always a way to get past barriers.
Very true . I'm a final year dental Student and I already feel the pressure in getting into a speciality. Lot of new graduates and existing dentist giving us competition.
Mythili Rajan specialty isn’t always the answer though, dependent on specialty and price of your residency. Specialties do make more but a lot of factors go into specializing and profit. And only specialize if you really like the specialty or else you’ll be miserable
Mythili Rajan Please subscribe to our RUclips channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.
A 3-4 year military scholarship is extremely valuable these days with the average price of dental school approaching $500k after you factor in interest that accrues while in school. If the military, indian health services, or NHSC are not for you, look into buying a practice 1-2 years after graduating. Get good at molar endo, extractions, implant placement and bread and butter dentistry to keep most procedures in house. There is no reason why new grads can't run a $1million practice with 50-60% overhead within a couple years after graduating.
because dental reimbursements are at a all time low. insurance are not paying out too much anymore. with overhead costs eating up profits. not worth it. also, where do you get the capital to start a practice? who will lend out money to someone who is in 1.2 million in debt?
I'm NHSC and I love it, so happy with my decision !
@@gatorboydomino Hey do you have any tips? How do you think you got it?
@@jvdshow I did a lot of volunteer work at community clinics while I was in Dental School. You can ask specific questions if you like.
@@gatorboydomino Thank you so much for replying! I am applying this summer but want to get the scholarship my first year. Should I spend time now volunteering at clinics on the weekends? What else do you think would make me competitive?
I am glad I live in the EU. The struggle you go through sounds almost unreal to me. I never had to pay anything during whole of my education.
It certainly would be nice to go to school for free, but you pay it back with a lifetime of higher taxes in the EU, which will certainly add up to more than the cost of dental school in the beginning.
senhorbaker Well it is a different economic model. Which is better? It is open to debate. I believe Scandinavian model is better than the one in the united states. Education goals are higher, gdp per capita as well. When education is universally available more people get educated and earn more. When you don’t have to pay for education and health care whatelse you need money for. It also means taxes as high as 70%. Like I said it is debateable
senhorbaker and way lower salary
@@AidPast so? Does salary need to be as high when you have a government taking care of your basic needs and why are you interested in dentistry if it’s only for the money anyway 😒
@@diaryofawimpycollegegirl5149 Their passionate about dentistry and they want to help others. The money is just a nice bonus! 😉
The loan industry has destroyed many of our dreams under the auspices of helping us achieve them. Many of us actually wanted to serve in economically-challenged areas. The scholarships and "pay-back" opportunities have decreased. While going to college is certainly a choice. There is NO reason for tuition to be as high as it is. It's certainly not going to college professors' salaries.
Schools in general are money making scams. They are businesses in the end of the day. RUclips Peter Schiff College and #Outwithstudentdebt. Let me get your thoughts.
Another kicker is you can not deduct student loan interest on your taxes unless you make less than 80k or 160 if filing jointly. Even then the max deduction is only 2500...
It’s a total scam.
you know what i realize about USA. school is a business. lol
Tom Nguyen That’s why you have to make sure you get your moneys worth
in USA, everything is business. specially the healthcare system and insurance companies are huge monopoly.
You guys sound naive!!!
“Oooh I discover dental school is a business blah blah”
Guys!!! Everything in this planet is a business, even marriage!! Helloooooo
@@Ty-op5xr what moneys worth? Majority of that crap you never use on the job.
It's an INVESTMENT!
I hope more college students see this video because this is the reality of our career. Prices for dental school keep going up but our starting salary as a dentist hasn’t changed much in over 10 years. I am glad I got into a paid endo residency because I don’t know if taking out another 200k would be worth it especially not for those who already owe $500k from dental school. P.s your video production is good but make sure your audio volumes are on point, your intro music is loud relative to your mic audio
From an ex recording professional, don't use music at all. I didn't go to your site for music, all it does is distract and that's the last thing I need.
Don't worry automation is coming to replace dentists.
My debt was $9000 Australian dollars for 5 years of dental school. Graduated 2000 so Aussie dental schools now are much more expensive. Still nowhere near ridiculous US costs. If I was in the US I would encourage my kids to be plumbers.
how much did it cost per year?
the best thing to do will be to go for a dental hygiene program at a community college which doesn't cost much and it only takes two years. And their average salary is around 70,000 dollars with the top 10 percents earning more than 100k a year.
This is what I've been telling people too! I told them that economically I would go back and do hygiene instead :)
100k in higher cost of living areas.
Can't imagine being a dental student is USA. I'm going into a Canadian dental school, I'm projecting 250k CAD and hoping to pay it off in 3 years after graduation
Master plumbers and master electricians are actually taking home more money than an a general dentist or veterinarian AFTER taking into consideration the lost opportunity costs and student loan debts… something is totally wrong with this picture.
The costs of the education needs to reflect real world take home pay. If this were the case, the costs of these professional schools would be 1/4 the cost.
8 years ago I was forced to file for bankruptcy o feed my two young children.
I found a doctor owned group practice and am doing much better!
However , I am still paying off student loans after 19 years, and I went to an in state university.
Just a thought. Great videoooooooo!!
Thank you for sharing your thoughts!
U got divorced?
I may be wrong, correct me if I am, but knowing how the loan works is that you pay off your interest first. The thing about that is in the first year after dental school, all the money you pay to bank is interest, which is tax deductable. so let's say you made 120k, but you paid 40k for your loan. that 40k deducts from your gros income and puts you at 80k which is a lower tax bracket (I hope). Only after that, taxes are being deducted. I mean it's not gonna help out that much, but it does give you the ability to crunch in some numbers, so you can live in relative comfort, and not eat out out of a trash can.
I hope I am righ, I am a D2 student in New York, it doesn't matter if you are in state, out of state, or international student, you pay the same tuition. And at the end, my debt will be 500k.
Just remember future dentists, the dumber you are, the more expensive dental school will be.. The better your grades are, the higher your chances are to get into a cheaper dental school.
i am student at government run dental school in Pakistan and my tuition fee is $300 per year.....and for private schools it is $12000 per year
Pakistan does not use US Dollars so it is really cheap.
@@williamjames4031 they make less compared to the western professions too.
@@cramsa okay, because Pakistani rupees is different from US Dollars.
Great content! Nice job of pointing out the "real" costs of a dental education.
When tf did dentistry school cost half a million dollars
Hey Kevin, thanks for doing these amazing videos about dental school. I would like to get your opinion on the path I am trying to purse. Currently, I am enrolled in an accelerated BSN program for my RN/BSN license. I am still interested in dentistry, but would rather not put all my eggs in one basket, if I don't get accepted into my state's dental school. I know the route I am taking is long and hard, but I believe it can be done since I have already finished most of my perquisites for dental school.
If you want to work with your hands and avoid a lot of debt, learn a trade.
My husband is a Master Skilled Tradmens and makes 6 figures and has no student loans. Trade school was about 18 months long. He had to pay for it, but it wasn't nearly as much as dental school. Community colleges are offering trade programs. Kids who work for my husband are making 25-28 bucks an hour in their early 20s. He just took on a 19 year old kid fresh out of H.S and he's making 18 an hour while getting paid to be trained.
My husband and I are both Millennials. College is getting so ridiculous, it makes me anxious for my kids. Hopefully they pick up a trade or marry someone who does.😅
Sherry lazdinsh , where do find people like your husband who offers a decent pay to learn a trade. I’ve always been interested in trades but a lot of trades men’s don’t want to teach others what they know.
Tbh, there is really no safe career path including trades. Getting into trade may be cheaper and faster but you will never have a real career. Trades take a toll on your body, and its not something you can do till your 50s. Not to mention, you'll make ok money in the beginning but you have a salary cap and will never break 100k unless you work overtime, travel, or become a foreman. Just choose a career path that you will like and enjoy, pretty much pick your poison because no job is perfect.
@@theentrepreneur607 the private sector have apprenticeship programs… they literally PAY YOU TO LEARN the trades.
@@billrussell4832 you don’t know what you’re talking about. Many of them eventually own their own business and have other people working for them do the physical labor. All they do is just check up on the work and play a managerial role many times. I have worked with many of these people for 15 years and that’s what I have seen.
I know FOR A FACT that where I work, the truck drivers make an average of $90,000 a year and the maintenance managers make about $100-120,000… they aren’t running around in $300,000 of debt and they are taking up MORE MONEY than an indebted associate dentist or the veterinarians across the street from the plant we work at.
Eventually more and more people will catch on to this mismatch and the education prices will adjust… unless people actually love getting into MASSIVE DEBT to earn the same as a unionized high raise crane operator etc, those people making over $200,000 in new work, they ain’t walking around with student loan debts.
the dental school debt is crazy high. Pretty dumb for a person to go to dental school knowing the salaries and knowing they will be 400-500k debt
This is nothing man there dentists with over 1 million dollars in debt RUclips Dave Ramsey Dentists with over 1 million dollars student loan debt.
That’s nothing if you own your own practice or become partners with someone. You pay what 2k and month when you make over 8k a paycheck?
@@radrose8673 you have to know what you are doing… people think it’s super easy yet there are people who went bankrupt because they didn’t do enough research.
3:40
That’s not just tuition, that’s everything included..
You are right! I did notice after posting. Now, what will be interesting is to see how those numbers have changed since the StudentDoctor.net posts.
I think it's a bit ironic. It would seem that since money is no longer the best rationale for going into dentistry, things have gone full circle, and you've got to once again ask yourself, 'Do you really like working with your hands?'. Because if you don't, there a lot easier ways to make $2000 a month.
Most of the cost you show are private university tuition...public universities are $200k and below avg...not anywhere close to $400k
This is really scary. I don't know if I want to become a dentist anymore.
basically poverty for life
Definitely these are statistics that people have to consider when getting into dentistry, but the truth is it's still a great profession. I graduated 7 years ago -- everyone in my class that I know of is doing well (or it seems) but nobody in poverty. Some of my buddies making more than 500K + as general dentists, paid off debt a long time ago. It is possible, but would be very hard for someone who wants to work part time, or who does not add procedures to their skill set. Work hard, make smart decisions, keep learning all you can and it works out.
senhorbaker What do you mean by adding procedures to their skill set? Can you elaborate please.
@@senhorbaker I call BS. Now way you clear 500k as a GENERAL DDS. Nice try
@@senhorbaker Don't worry machines will replace or reduce dentist jobs.
@@diegocontrerasortiz7923 No need machines will replace dentists.
Don’t worry about the debt. Just don’t be stupid and spend all your money on stupid cars, vacations, houses, right away! Stay away from credit cards and further debt!
Cale Grenillo-Weaver You are young, talk to me when you’ve been out 9 years like me. Dental students do take out too much debt on living expenses, and end up going to private or out of state schools they can’t afford. Many dentists are one step away from bankruptcy due to house/practice/equipment/divorce/credit card debt....not student loan debt alone. Be respectful to your colleagues as it is a small Dental community and I’m sure we will see each other at ADA and other meetings. We are in the same side here. Cheers and best of luck during your dental school, you chose a great career.
Israel Trujillo lots of students choose out of state schools because they have to (like myself) because our states simply don’t have any dental schools.
@Kendra
Same here, KS doesn’t have a single dental school 😭
What's the point of going into dentistry if your not going to do any of those? Your better working at mcdonalds
Move to Texas? No state income tax
Dental Schools: "We don't care. Tuition will increase again next year."
Edward
Year 2080: Yea so this is how I pay off my $2 million dental school debt
@@Ty-op5xr It's half a million for graduates now. The cost incurred upon graduating from dental school will be 2 million way before the class of 2080. As I said, dental schools do not care.
Edward Scary stuff
Thank you, Dr. Kevin. Very informative! However, after considering all these aspects. What advice could you give us as pre-dental to get less debt as possible? What could we do to manage our loans and avoid useless debt? Also, what can we do to get scholarships?
Go the least expensive dental school if possible. It is okay to go to one more expensive for whatever reason. Just need to have a plan right away following graduation. Aside from getting a good job, investing is very important. I made a video about this recently.
The military (Army / Navy / Air Force) has a Health Professions scholarship program that pays for medical education in exchange for service. (Not just for dentists but also MD, DO, PA, NP, OD, psych, pharm, & veterinarians)
Ever considered Canada? Canada still charges over $200k but not more than $300k unless you wanna get a PhD
Look at UBC
Ok but it's significantly harder to get into . Like way* more competitive than us
No money in dental now. I got out and do real estate development.
No money??? Reimbursement rates lowered?
student loans?
Good job fending off the competition 👍🏼
Thank you for clearly addressing this problem
Only a fool would go to dental school or vet school. A financial nightmare!
This video has been amazingly informative as are your other videos. Great job and THANK YOU !
I am graduating from Pakistan and I will have to repeat just last 2 years here in US.I want to know can an international dental student get into public sector dental schools and how much fee will they cost for 2 years?
You didn't even talk about globalism and how U.S.dentists charge many times more than dentists in other countries. Maybe I should of done this video.
Proverbs 1:7 "The fear of the lord, is the beginning of knowledge."
Why would you make the point that if you make a lot of money you have to pay a lot in taxes. That you should of known already. If you don't like the system don't play the game. Just sit idle and collect gov't checks as the poor do. Weak.
This is valuable information
Yep !
Houman Dehdashti, DMD wow! I’m so close to going to dental school. I’m terrified now 😩
@@SW33T1206 so how is your dental journey going?
hi i am a filipino i hope you will answer my question.what if i'm done my study here in the philippines but i want to work in usa do the clinics will accept me even if i study in ph/outside country ? will i be approved ?
Bangtwice Twicebang you need to pass the boards and finish a 2 year program in the states in order to get a license for work.
are you a foreign orthodontist too ?
dentistry best job ever existed
Hey Dr. Kou,
What do you think the market will be like in about 10 years? Do you think the over saturation will decrease?
The interesting thing is that the saturation only exist in big cities or more populated areas. There are still many locations in the United States that are in need of dentists and other healthcare providers. It's just that the areas in need are in small towns. To answer your question, I think the saturation will continue to increase in the next 10 years in big cities. There are still new dental schools opening.
KevinKuoProductions i was about to apply to schools to study and become a dentist but this video and similar ones just convinced me to do otherwise
Same Actually. 400K debt and when you finally find a job you only make 120K before taxes. Can't negotiate prices b/c your are one of many associates who will want that job. now your left with 80K after tax and pay 50K of your debt off (so it doesn't keep growing exponential ) living off 30K for 8 years. Then finally you can take out another loan and buy or build a practice, and can start making 175K. You still need to pay these loans back and find an area that is not saturated. Let's not forget that most residencies are not paid and you have top pay them (www.reddit.com/r/personalfinance/comments/2l0kjd/how_to_pay_off_about_1_million_in_student_loans/)
The career is amazing but the fact that D-school is so expensive and the market is poor rn, makes this a insiders game. If your parents or relatives are dentist, they can help pay off your debt and you can work in their practice. Compare this to medicine where the debt is less (~250-300K ) and docs make about 170-200K starting off, some a lot more. Not to mention that all medicine residencies are paid.
Well Good luck with whatever you plan to do!
Ryan, if you have any questions on the positives sides of dentistry, let me know too :) I just want to make sure you have the full picture to make your final decision.
People shouldn’t be living a “dentist lifestyle” straight out of dental school 🙄
Hello Dr Kuo, As a current dental student I am unsure if i should get into more debt for a residency. Can you please share your opinion on if doing one is financially worth it. Thanks!
Hi, good question! Generally, you make more as a specialist, but like you said, the debt is also more. That means one has to hustle no matter what. In the end, the answer to your question should be more with what you want to do clinically. Is there a specialty that you are more willing to work longer hours? Is there a specialty that you will love doing no matter how much money you are making?
Thanks for taking the time for explaining this.
Kev you learned that school doesn't pay. Hence the RUclips channel. You should of started that first. Just drop dentistry and be a full time tuber. They can still call you doctor.
Why dont youtube and google dentist robots. Pretty dentists will be replaced with robots.
Same could be said about almost every profession.
Joe Kainrad yeah true, but image being 500k in debt then getting replaced with machines ...lol. the only job you can get is retail job making minmum wage because you have no other skill because u spent all that time becoming a dentist.
Why go into any profession then if we're all going to be replaced by robots then? What are business people going to do when robots become more charismatic than them and are better sales people? What are accountants going to do when robots are able to entirely do their jobs? Those people spent all that time going to school and then they wouldn't be able to work either.
As far as an actual example of machines in a medical field: majority of the work done in the microbiology labs in hospitals are now done on machines; however, the demand for lab technicians is still incredibly high. Assembly lines are automated by robots, but humans still need to perform certain actions and manage the machines. Yes machines can do things more efficiently if it is a simple action that is to be repeated thousands of times, but being a dentist or any other kind of doctor requires a human perspective. The robot is only as good as the coding behind it, and there are so many different aspects of medical procedures that I find it highly unlikely that a robot will be able to do all of them perfectly.
Becoming a dentist requires you to go through undergrad and get a bachelors degree first, and many people need to get a masters degree before they even get into dental school. I know many people who went for chemical engineering and then went to dental school. If robots phase out people, then they would just go be chemical engineers. I do research in a microbiology lab currently because if I don't get into dental school then my backup would be to go to a PhD program involved with microbiology. In addition to that, literally anyone with a bachelor's degree in any of the basic sciences would be able to work in some kind of lab and make much more than minimum wage.
Joe Kainrad Here is the thing healthcare is a business. Like any other business they only care about making money. one way companies cut costs are finding alternatives ways to get jobs done like replacing people with machines. yes, eventually dentists will be replaced with machines because a lot of what dentists do is pretty repative work for the most part. even physicians will eventually be replaced with machines also youtube will artfical intellegnce replace physicians.
You mentioned that u had friends that were chemical engineers and they go find work if dentists get replaced. here is the thing the demand for chemical engineers is on the decline. look up the bls for chemical engineers.
Joe Kainrad not really there is a stauration in the market for PhDs right now. the pay for most of them is crap. youtube the truth about PhDs.
You cited the 10 year plan and that is alot of dough to pay out for 120 months. So why not cobsider a max length repayment arrangement program and make principal payments. I mean if you have a 30 year mortgage and budget for and conscientiously make a $200 principal payment every month, you'd be amazed at how many years you will have eliminated.
As an entry level provider it would not hurt to think in terms of frugality as opposed to "status consistent," if that makes sense. Flashy bank accounts are more pleasing in the longrun than are ostentatious trinkets. Pay dues at first and work on learning the business and then build your own shop.
you want to be paying off loans until your 60? not save for retirement, buy a house, or have fun until 60? your suppose to retire at 60, not paying off your loans at 60
You pay far far more in the end due to interest… like 2x more.
Do NOT become a dentist. Trust me on this.
15 year dentist advice...
@Timmy Tran
Laundry list
1. CRUSHING,…debt
2. Somehow it’s socially acceptable to tell the dentist you “hate him” but,…”no offense”. 🙄
3. Patients are less and less appreciative.
4. Stress of doing quality work
5. Stress of doing quality work and it may still fail. And when it does fail, patients will tell you “you did it wrong”.
6. Competition
7. Did I mention CRUSHING debt? Let’s mention it again.
8. Can’t write off interest on your dental debt.
9. All the time/money you lose being in school.
10. Having to be the top of your class just to “possibly” be admitted into a good school.
11. Did I mention CRUSHING debt?
12. Patients expect you to be a counselor on top of doing quality work.
13. Battling insurances that cover nothing and deny your work was even necessary.
14. Putting up with staff drama and staff turnover.
It’s the #1 suicide profession for a reason.
You ask an old (like 50’s and older dentist) if it’s worth it, a lot will say “yes”, but that’s because they paid almost nothing for school and insurance paid a lot more. They lived in the golden age. It’s gone now. Gone.
Oh, and I almost forgot.
SOUL-CRUSHING debt.
😀👍
@Timmy Tran
These are things i wish someone told me before I got into school. The only entity that benefits are the dental schools. The dentist and patients now all have to suffer.
People need to stop applying and paying these ridiculous fees. It’s the only solution.
$2000 after tax is not poverty level. Get real dude.
For a doctor, I would think it is. After all those hours and mental exhaustion any doctor would be expected to at least be compensated more than $2000/mo for all of the things they had to do in college and in dental school to get to where they're at. - Trying to be a dentist btw and ngl these numbers always scare me
Nainesh Patel If you get to do what you love then $2000 a month is possible to live on. Is it fair compensation, absolutely not. You should of had rich parents who propagated their family’s wealth by sending you to dental school. Instead, you’ve opted to pay into a corrupted system of overpriced education and healthcare to eventually gain membership into an exclusive club of overpaid professionals whose outrageously long, expensive education limits the entry of others into the field. You’ll eventually recoup your losses through all the over treatment and misdiagnosing you’ll perform on your double booked schedule.
It is in MD.
Yes $ 2000 / a month is ABSOLUTELY POVERTY ...... you better wake up really quick , your living in la la land if you disagree
Could you apply for a dental school scholarship? Or is it just pocket money?
There are only a few dental school scholarships out there.
In India students pay in cash for dental and medical school . And they say USA is rich 😂😂
so helpfull
you make more than 120K.... end of the story
120k before taxes it will drop down 70k.
After taxes and debt repayments, an associate general dentist takes home THE SAME AMOUNT as a skilled tradesman.
Omg.