The burgeoning cost of becoming a dentist

A new study out from Ameritech Financial lays out the burgeoning costs of becoming a dentist.

It has been said that dentistry is the most expensive medical degree one can seek. A new study out from Ameritech Financial seems to confirm this. Not only is a degree in dentistry expensive, dentists have some of the worst debt-to-income ratios of any advanced degree.

Today, dentists pay nearly 12% of their income to student debt. It will take them an average of fifteen years to pay it off. According to the study, the median student loan balance for a dentist is $236,739 and they earn a median income of $150,000. With financial advisors typically warning people not to take out more debt than they can pay in a year, the median student loans for dentists is 157% of this amount.

Nearly 45 million Americans have student loan debt totaling more than $1.5 trillion. Nationally, student load debt increases by $2,800 every second.

Jesse Barron is the Executive Editor of DSO News. He is also a Managing Partner of Dental Allies, Inc. Dental Allies helps practices and dental businesses scale. They accomplish this by focusing their clients on culture, growth, automation and operational improvement. They are partnered with the processing affiliate of a bank to provide the lowest payment processing rates in dental. They’ll introduce you. They are big on making meaningful introductions. Dental Allies delivers results that are real, impactful and meaningful. He feels most challenged and content when automating a previously manual process.