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STUDENT
LOANS:
According to the ADA,
the average debt of the 1996 dental school graduate who had
debt was $84,247, which equates to over $1200 monthly loan payments
on a 12% ten year loan. At the end of this ten year period, you
would have paid over $144,000 to Uncle Sam for that $84,247 loan.
Do not be fooled by the low interest rate loans provided by the
government. If you are not careful, Uncle Sam will be running off  with
thousands of dollars in interest that has compounded during your
repayment period.
The interactive loan calculator is provided
for the specific purpose of helping you avoid the situation described
above. Experiment with different monthly payments and total
repayment periods to determine the quickest and most efficient way to
rid yourself of debt.
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Last modified: April 09, 2000
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