The struggle is real with DENTAL SCHOOL DEBT

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  • čas přidán 22. 08. 2024
  • If ones does some basic calculations, it is clear that a good portion of new dentists may have to live in poverty for a couple or few years!
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Komentáře • 183

  • @EvaSlash
    @EvaSlash Před 6 lety +88

    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.

    • @ntsikelelongema4735
      @ntsikelelongema4735 Před 6 lety

      EvaSlash Please subscribe to our CZcams channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.

    • @JK20239
      @JK20239 Před 5 lety +5

      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.

    • @MrOrdellRobbieX
      @MrOrdellRobbieX Před 4 lety +1

      🤣🤣

    • @cramsa
      @cramsa Před rokem +1

      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.

  • @unnys2925
    @unnys2925 Před 6 lety +79

    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.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 5 lety +11

      Unny S Whats even scarer is going into dental school rack up 400k and right at the end u flunk out....lol.

    • @ppatelnickpatel
      @ppatelnickpatel Před 5 lety +9

      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.

    • @sylviahall343
      @sylviahall343 Před 4 lety +5

      Then why are you predental? Don't do it. It's not worth it.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety +1

      where are you in the process?

    • @ppatelnickpatel
      @ppatelnickpatel Před 4 lety

      @Rich 91 I never said it would be easy, come on now. There is always a way to get past barriers.

  • @mythilirajan39
    @mythilirajan39 Před 6 lety +40

    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.

    • @UCTeeth
      @UCTeeth Před 6 lety +4

      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

    • @ntsikelelongema4735
      @ntsikelelongema4735 Před 6 lety +1

      Mythili Rajan Please subscribe to our CZcams channel. We are dental hygiene students at the University of Pretoria. We share everything concerning oral hygiene. Thank you.

  • @DailyMeditation365
    @DailyMeditation365 Před 6 lety +35

    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.

    • @JK20239
      @JK20239 Před 5 lety +3

      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
      @gatorboydomino Před 4 lety +1

      I'm NHSC and I love it, so happy with my decision !

    • @jvdshow
      @jvdshow Před 3 lety

      @@gatorboydomino Hey do you have any tips? How do you think you got it?

    • @gatorboydomino
      @gatorboydomino Před 3 lety

      @@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.

    • @jvdshow
      @jvdshow Před 3 lety

      @@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?

  • @petarbajan9896
    @petarbajan9896 Před 5 lety +30

    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.

    • @senhorbaker
      @senhorbaker Před 5 lety +10

      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.

    • @petarbajan9896
      @petarbajan9896 Před 5 lety +9

      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
      @AidPast Před 3 lety

      senhorbaker and way lower salary

    • @diaryofawimpycollegegirl5149
      @diaryofawimpycollegegirl5149 Před 3 lety +1

      @@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 😒

    • @lexismith8206
      @lexismith8206 Před 3 lety +2

      @@diaryofawimpycollegegirl5149 Their passionate about dentistry and they want to help others. The money is just a nice bonus! 😉

  • @tomnguyen3305
    @tomnguyen3305 Před 5 lety +49

    you know what i realize about USA. school is a business. lol

    • @Ty-op5xr
      @Ty-op5xr Před 4 lety +3

      Tom Nguyen That’s why you have to make sure you get your moneys worth

    • @mitrabehforooz7080
      @mitrabehforooz7080 Před 4 lety +4

      in USA, everything is business. specially the healthcare system and insurance companies are huge monopoly.

    • @OralSurgeonRider
      @OralSurgeonRider Před 3 lety

      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

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 3 lety

      @@Ty-op5xr what moneys worth? Majority of that crap you never use on the job.

    • @lexismith8206
      @lexismith8206 Před 3 lety

      It's an INVESTMENT!

  • @OmarAbdulMalikDHEdMPASPACPAPro

    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.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety +1

      Schools in general are money making scams. They are businesses in the end of the day. CZcams Peter Schiff College and #Outwithstudentdebt. Let me get your thoughts.

  • @bobthedude9322
    @bobthedude9322 Před 6 lety +12

    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...

  • @cramsa
    @cramsa Před rokem +2

    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.

  • @selahbeshir555
    @selahbeshir555 Před 5 lety +5

    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.

    • @KevinDental
      @KevinDental  Před 5 lety +4

      This is what I've been telling people too! I told them that economically I would go back and do hygiene instead :)

    • @JK20239
      @JK20239 Před 4 lety

      100k in higher cost of living areas.

  • @UCTeeth
    @UCTeeth Před 6 lety +21

    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

    • @k1ghz960
      @k1ghz960 Před 6 lety +1

      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.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety

      Don't worry automation is coming to replace dentists.

  • @furbyinthemicrowave5344
    @furbyinthemicrowave5344 Před 6 lety +9

    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.

  • @jeffogilvy5141
    @jeffogilvy5141 Před 5 lety +6

    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

  • @joey6608
    @joey6608 Před 6 lety +13

    3:40
    That’s not just tuition, that’s everything included..

    • @KevinDental
      @KevinDental  Před 6 lety +1

      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.

  • @gatortoof
    @gatortoof Před 4 lety +11

    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!!

  • @osairqable
    @osairqable Před 4 lety +4

    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.

  • @DrDougCarlsen
    @DrDougCarlsen Před 6 lety +5

    Great content! Nice job of pointing out the "real" costs of a dental education.

  • @mike112693
    @mike112693 Před 4 lety +8

    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

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety +1

      This is nothing man there dentists with over 1 million dollars in debt CZcams Dave Ramsey Dentists with over 1 million dollars student loan debt.

    • @radrose8673
      @radrose8673 Před 4 lety +1

      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?

    • @cramsa
      @cramsa Před rokem

      @@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.

  • @niwar8yearsago31
    @niwar8yearsago31 Před 4 lety +4

    When tf did dentistry school cost half a million dollars

  • @tomnguyen6940
    @tomnguyen6940 Před 4 lety +3

    Most of the cost you show are private university tuition...public universities are $200k and below avg...not anywhere close to $400k

  • @bgates275
    @bgates275 Před 4 lety +2

    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.

  • @OralSurgeonRider
    @OralSurgeonRider Před 4 lety +4

    live within your means, is not that difficult to understand this simple concept.
    But a lot of recent grads want to live like rock stars, get expensive cars, buy a big house, and worst of all get married without a prenup....

    • @lusfit6903
      @lusfit6903 Před 3 lety

      Wouldn’t getting no prenup benefit new dentists? I make 120k as an NP and have no debt. My fiancé is a new grad with 500k worth of dental school debt. If for whatever reason we end up getting a divorce (God forbid) I’ll be taking on half his debt if there is no prenup..I think?

    • @OralSurgeonRider
      @OralSurgeonRider Před 3 lety

      @@lusfit6903 not really!
      The laws favor the one who makes LESS!!
      If you make 120K, your fiancé will make that in the first year!!! After the 7 yr itch, the women, usually will file divorce,,,, asking for child support and alimony!! So in the end, the dentist will lose!!

    • @lusfit6903
      @lusfit6903 Před 3 lety

      @@OralSurgeonRider I have a lot invested in the market, a little over 2M. He’ll end up making a higher salary but it’s his debt that worries me. He wants to do the income based repayment plan for 25yrs, basically pay little as possible..that debt will only grow bigger with its high interest. I offered to pay for all bills and housing if we relocate to a rural area for a few years (that way he has a much higher salary to pay off his loans quicker), but no he prefers to live in the city and just got a new BMW..

    • @OralSurgeonRider
      @OralSurgeonRider Před 3 lety

      @@lusfit6903 sounds to me that either:
      A. You don’t know how to pick high value men.
      B. You cannot get a better man.
      C. He is the BEST that you can do.
      Can’t help you on that one.

    • @bribripink56
      @bribripink56 Před 3 lety

      @@lusfit6903 I thought if you don’t have your name on the loan you’re not responsible. If a person dies you’re not responsible unless you’re a co-signer. I would speak to a lawyer who’s knowledgeable in prenups. Also different states probably have different laws so I would check into that.

  • @DrWendy
    @DrWendy Před 5 lety +22

    basically poverty for life

    • @senhorbaker
      @senhorbaker Před 5 lety +10

      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.

    • @diegocontrerasortiz7923
      @diegocontrerasortiz7923 Před 5 lety

      senhorbaker What do you mean by adding procedures to their skill set? Can you elaborate please.

    • @JK20239
      @JK20239 Před 4 lety +5

      @@senhorbaker I call BS. Now way you clear 500k as a GENERAL DDS. Nice try

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety

      @@senhorbaker Don't worry machines will replace or reduce dentist jobs.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 4 lety

      @@diegocontrerasortiz7923 No need machines will replace dentists.

  • @igorkutin9706
    @igorkutin9706 Před 5 lety +2

    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.

  • @AhmadRaza-hp1vv
    @AhmadRaza-hp1vv Před 6 lety +3

    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

    • @williamjames4031
      @williamjames4031 Před 5 lety

      Pakistan does not use US Dollars so it is really cheap.

    • @cramsa
      @cramsa Před rokem

      @@williamjames4031 they make less compared to the western professions too.

    • @williamjames4031
      @williamjames4031 Před rokem

      @@cramsa okay, because Pakistani rupees is different from US Dollars.

  • @israeldentist
    @israeldentist Před 6 lety +19

    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!

    • @israeldentist
      @israeldentist Před 6 lety +10

      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.

    • @ponyjumperr
      @ponyjumperr Před 6 lety +4

      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.

    • @Athen958
      @Athen958 Před 6 lety

      @Kendra
      Same here, KS doesn’t have a single dental school 😭

    • @JK20239
      @JK20239 Před 4 lety

      What's the point of going into dentistry if your not going to do any of those? Your better working at mcdonalds

  • @momofmany9954
    @momofmany9954 Před 4 lety +2

    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.😅

    • @theentrepreneur607
      @theentrepreneur607 Před 4 lety

      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.

    • @billrussell4832
      @billrussell4832 Před 4 lety +2

      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.

    • @cramsa
      @cramsa Před rokem +1

      @@theentrepreneur607 the private sector have apprenticeship programs… they literally PAY YOU TO LEARN the trades.

    • @cramsa
      @cramsa Před rokem +1

      @@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.

  • @Kapila2024
    @Kapila2024 Před 6 lety +4

    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.

  • @SkankHuntForty2
    @SkankHuntForty2 Před 4 lety +2

    Dental Schools: "We don't care. Tuition will increase again next year."

    • @Ty-op5xr
      @Ty-op5xr Před 4 lety +2

      Edward
      Year 2080: Yea so this is how I pay off my $2 million dental school debt

    • @SkankHuntForty2
      @SkankHuntForty2 Před 4 lety +1

      @@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.

    • @Ty-op5xr
      @Ty-op5xr Před 4 lety +1

      Edward Scary stuff

  • @USASPORTSCARDS
    @USASPORTSCARDS Před 6 lety +7

    Good job fending off the competition 👍🏼

  • @cair4742
    @cair4742 Před 2 lety

    This is really scary. I don't know if I want to become a dentist anymore.

  • @MoeMoneyrunstheWORLD
    @MoeMoneyrunstheWORLD Před 6 lety +1

    Thank you for clearly addressing this problem

  • @blessedwithbread9443
    @blessedwithbread9443 Před 6 lety

    This video has been amazingly informative as are your other videos. Great job and THANK YOU !

  • @piotr9175
    @piotr9175 Před 4 lety +1

    Move to Texas? No state income tax

  • @sylviahall343
    @sylviahall343 Před 4 lety +1

    Only a fool would go to dental school or vet school. A financial nightmare!

  • @soraflower9308
    @soraflower9308 Před 5 lety +1

    Ever considered Canada? Canada still charges over $200k but not more than $300k unless you wanna get a PhD

    • @soraflower9308
      @soraflower9308 Před 5 lety +1

      Look at UBC

    • @rsp1239
      @rsp1239 Před 5 lety +6

      Ok but it's significantly harder to get into . Like way* more competitive than us

  • @sebastianworthington9737
    @sebastianworthington9737 Před 4 lety +1

    No money in dental now. I got out and do real estate development.

  • @Blessed_and_Stylish
    @Blessed_and_Stylish Před 3 lety +1

    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?

    • @KevinDental
      @KevinDental  Před 3 lety +1

      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.

    • @leaen
      @leaen Před 2 lety

      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)

  • @youindeedsuck323
    @youindeedsuck323 Před 2 lety

    Living as a dentist means living broke for multiple years while you pay off debt
    With the only thing driving you forward being the pearly white smiles of your patients
    "Dentist lifestyle"
    If you wanted money go into engineering or business

    • @cramsa
      @cramsa Před rokem

      Finance pays very well… they don’t go into $300,000 of debt either…. This entire obsession with some of these professions don’t make any financial/math sense. At this rate, in 2-3 generations people will literally laugh.

  • @ourladyssoldiers
    @ourladyssoldiers Před 4 lety +1

    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."

  • @houmandehdashtidmd9078
    @houmandehdashtidmd9078 Před 6 lety +2

    Yep !

    • @SW33T1206
      @SW33T1206 Před 6 lety

      Houman Dehdashti, DMD wow! I’m so close to going to dental school. I’m terrified now 😩

    • @harvestingseason2725
      @harvestingseason2725 Před 2 lety

      @@SW33T1206 so how is your dental journey going?

  • @crimansizers5840
    @crimansizers5840 Před 6 lety +3

    Hey Dr. Kou,
    What do you think the market will be like in about 10 years? Do you think the over saturation will decrease?

    • @KevinDental
      @KevinDental  Před 6 lety +2

      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.

    • @reese1222
      @reese1222 Před 6 lety +2

      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

    • @crimansizers5840
      @crimansizers5840 Před 6 lety +4

      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!

    • @KevinDental
      @KevinDental  Před 6 lety +1

      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.

  • @akhan7367
    @akhan7367 Před 6 lety

    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!

    • @KevinDental
      @KevinDental  Před 6 lety +2

      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?

  • @mukbangyesplease4905
    @mukbangyesplease4905 Před 4 lety +2

    This is valuable information

  • @akashshaheen3838
    @akashshaheen3838 Před 4 lety

    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?

  • @oncexbuddy1686
    @oncexbuddy1686 Před 6 lety +2

    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 ?

    • @jaje791
      @jaje791 Před 6 lety +1

      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.

    • @oncexbuddy1686
      @oncexbuddy1686 Před 6 lety

      are you a foreign orthodontist too ?

  • @starsnavigate
    @starsnavigate Před 4 lety +3

    People shouldn’t be living a “dentist lifestyle” straight out of dental school 🙄

  • @ourladyssoldiers
    @ourladyssoldiers Před 4 lety

    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.

  • @TheKika1943
    @TheKika1943 Před 4 lety

    dentistry best job ever existed

  • @ruyperez8276
    @ruyperez8276 Před 6 lety

    Thanks for taking the time for explaining this.

  • @er1cmaurer
    @er1cmaurer Před 2 lety

    Do NOT become a dentist. Trust me on this.
    15 year dentist advice...

    • @er1cmaurer
      @er1cmaurer Před 2 lety +1

      @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.
      😀👍

    • @er1cmaurer
      @er1cmaurer Před 2 lety

      @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.

  • @kailuke5615
    @kailuke5615 Před 4 lety

    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.

    • @JK20239
      @JK20239 Před 4 lety +1

      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

    • @cramsa
      @cramsa Před rokem

      You pay far far more in the end due to interest… like 2x more.

  • @That_Indian_Vlogger
    @That_Indian_Vlogger Před 3 lety +2

    In India students pay in cash for dental and medical school . And they say USA is rich 😂😂

  • @ourladyssoldiers
    @ourladyssoldiers Před 4 lety +1

    Kev you learned that school doesn't pay. Hence the CZcams channel. You should of started that first. Just drop dentistry and be a full time tuber. They can still call you doctor.

  • @prismam2736
    @prismam2736 Před 5 lety

    Could you apply for a dental school scholarship? Or is it just pocket money?

    • @KevinDental
      @KevinDental  Před 5 lety

      There are only a few dental school scholarships out there.

  • @user-lu6yg3vk9z
    @user-lu6yg3vk9z Před 6 lety +2

    Why dont youtube and google dentist robots. Pretty dentists will be replaced with robots.

    • @Joe-hm1zk
      @Joe-hm1zk Před 6 lety +3

      Same could be said about almost every profession.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 6 lety +1

      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.

    • @Joe-hm1zk
      @Joe-hm1zk Před 6 lety +1

      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.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 6 lety

      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.

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 6 lety

      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.

  • @MsSabrina_2328
    @MsSabrina_2328 Před 5 lety

    so helpfull

  • @Hiway2030
    @Hiway2030 Před 5 lety +3

    you make more than 120K.... end of the story

    • @user-lu6yg3vk9z
      @user-lu6yg3vk9z Před 5 lety +3

      120k before taxes it will drop down 70k.

    • @cramsa
      @cramsa Před rokem

      After taxes and debt repayments, an associate general dentist takes home THE SAME AMOUNT as a skilled tradesman.

  • @Jimmy-ph8xn
    @Jimmy-ph8xn Před 5 lety

    $2000 after tax is not poverty level. Get real dude.

    • @ppatelnickpatel
      @ppatelnickpatel Před 5 lety +6

      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

    • @Jimmy-ph8xn
      @Jimmy-ph8xn Před 5 lety +1

      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.

    • @katherinecruz3818
      @katherinecruz3818 Před 5 lety

      It is in MD.

    • @lele2821
      @lele2821 Před 4 lety

      Yes $ 2000 / a month is ABSOLUTELY POVERTY ...... you better wake up really quick , your living in la la land if you disagree

  • @RadiographyST
    @RadiographyST Před 6 lety

    Omg.