GITNUX MARKETDATA REPORT 2024

Statistics About The Average Dental School Debt

The average dental school debt for graduating students in the United States is around $292,159.

With sources from: aol.com, debt.org, adea.org, cnbc.com and many more

Statistic 1

The average dental school debt is $292,169.

Statistic 2

80% of dental school graduates reported having over $100,000 in debt.

Statistic 3

39% of dental students planned to work in private practice to repay their loans.

Statistic 4

From 1990 to 2018, the average dental school debt per graduating student increased by 133%.

Statistic 5

Only 0.3% of dental school graduates have no debt.

Statistic 6

Public dental school graduates have an average debt of $251,869.

Statistic 7

Private dental school graduates have an average debt of $326,133.

Statistic 8

In 2017, almost 30% of dental school graduates had debt exceeding $300,000.

Statistic 9

In 2010, the average four-year cost of dental school was $160,000 and $200,000 for public and private schools, respectively; in 2021, these costs have more than doubled.

Statistic 10

The median monthly loan payment for dental school graduates is $1,996.

Statistic 11

Only 7% of dental school graduates owed $50,000 or less.

Statistic 12

Only 2% of dental school graduates finished school with no debt.

Statistic 13

The median debt for dental students, upon graduation in 2019, was $300,000.

Statistic 14

Approximately 21% of graduating dental students reported debt levels greater than $300,000.

Statistic 15

The highest reported dental school debt is over $1,000,000.

Statistic 16

Nearly half of dental school graduates believe they will pay off their debt in 10 years or more.

Statistic 17

42% of dentists still have student loan debt.

Statistic 18

On average, specialists face approximately $13,000 more in student debt than general dentists.

Statistic 19

The average debt for dental school graduates in 1989 was $55,000.

Statistic 20

For the class of 2018, the mean debt for all graduating dental school students, including those with no debt was $285,184.

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In this post, we will explore the staggering statistics surrounding dental school debt in the United States. From the substantial average debt burden to the evolving trends in repayment strategies and the significant disparities between public and private school graduates, these numbers shed light on the financial challenges many dental school graduates face as they begin their careers. Let’s dive into the numbers to gain a clearer understanding of the current landscape of dental school debt.

Statistic 1

"The average dental school debt is $292,169."

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Statistic 2

"80% of dental school graduates reported having over $100,000 in debt."

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Statistic 3

"39% of dental students planned to work in private practice to repay their loans."

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Statistic 4

"From 1990 to 2018, the average dental school debt per graduating student increased by 133%."

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Statistic 5

"Only 0.3% of dental school graduates have no debt."

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Statistic 6

"Public dental school graduates have an average debt of $251,869."

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Statistic 7

"Private dental school graduates have an average debt of $326,133."

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Statistic 8

"In 2017, almost 30% of dental school graduates had debt exceeding $300,000."

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Statistic 9

"In 2010, the average four-year cost of dental school was $160,000 and $200,000 for public and private schools, respectively; in 2021, these costs have more than doubled."

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Statistic 10

"The median monthly loan payment for dental school graduates is $1,996."

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Statistic 11

"Only 7% of dental school graduates owed $50,000 or less."

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Statistic 12

"Only 2% of dental school graduates finished school with no debt."

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Statistic 13

"The median debt for dental students, upon graduation in 2019, was $300,000."

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Statistic 14

"Approximately 21% of graduating dental students reported debt levels greater than $300,000."

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Statistic 15

"The highest reported dental school debt is over $1,000,000."

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Statistic 16

"Nearly half of dental school graduates believe they will pay off their debt in 10 years or more."

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Statistic 17

"42% of dentists still have student loan debt."

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Statistic 18

"On average, specialists face approximately $13,000 more in student debt than general dentists."

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Statistic 19

"The average debt for dental school graduates in 1989 was $55,000."

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Statistic 20

"For the class of 2018, the mean debt for all graduating dental school students, including those with no debt was $285,184."

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Interpretation

In conclusion, the statistics reveal a concerning trend of escalating dental school debt among graduates over the years. The average debt has more than doubled from 1990 to 2018, with a significant percentage of graduates owing substantial amounts exceeding $100,000. Private school graduates tend to bear a heavier debt burden compared to their public school counterparts. The median debt upon graduation is substantial, demonstrating the financial challenge faced by many dental students. Despite the high debt levels, a significant portion of graduates still believe they can pay off their loans within a decade. With a sizable percentage of dentists still carrying student loan debt, these findings underscore the financial strain and long-term impact of financing a dental education.

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