Dental Student Debt Solutions

Learning Objectives:

  • Techniques for dealing with high dental student debt.
  • How to benefit from government programs for student debt forgiveness.
  • Effective strategies for paying off student loans.

Presentation Summary:

Jay Malik's Dental Speaker Packet PDF
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This presentation will help dental students and new dentists manage and pay off their student debt. Participants will learn practical strategies like budgeting and financial planning techniques, consolidation and refinancing options, and faster repayment methods. The presentation also covers the importance of building good credit, saving for the future, and investing in wealth-building.

In addition to financial skills, the presentation addresses the psychological aspects of dealing with student debt. Participants will learn coping strategies for managing stress and anxiety and be given tools to maintain mental and emotional well-being during repayment. By the end of the presentation, attendees will have a strong foundation of knowledge and skills to help them effectively manage and pay off their dental student debt and build a financially successful future.

Several options for student loan forgiveness are available to borrowers of federal student loans. These include the Public Service Loan Forgiveness (PSLF) program, the Perkins Loan Cancellation and Discharge program, which offers forgiveness of up to 100% of a Perkins Loan for certain types of employment; income-driven repayment plans like Income-Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE), which can result in forgiveness of the remaining balance on Direct Loans after 20 or 25 years of qualifying payments. All these are discussed during the presentation.

It’s important to note that these options may have specific eligibility requirements, and not all borrowers will qualify for student loan forgiveness. Additionally, some of these options may have tax implications, as the forgiven loan balance may be considered taxable income by the Internal Revenue Service. These aspects are also explained during the presentation.

Duration: From 1 Hour to a Half Day