So I matched into a residency program
 

So for the last year, I've been doing a fellowship in craniofacial genetics, with an emphasis in cleft lip and palate.

I applied for orthodontics 3 months ago and just got the good news today. I matched with my #1 program! I hope to do a cleft lip and palate emphasis during the residency.

Just wanted to share the news. MT orthodontic hook ups after the 27 month residency!

I'm in the hole over $470k, including dental school!

So you can pull out my 4 wisdom teeth for cheap and give me good drugs?

Wow, I'm pissed that I owe 20k for graduate school! So, do residents make bank?

How do you even get cosigned into that much student debt? Do you have ilke 10 different cosigners?

I'm assuming lenders know we can pay it back, so they don't have a problem lending. I don't have any co-signers.

Some programs get a stipend, usually hospital based ones. However, I ranked a private school #1, so I get to pay them!

470k?!!!!!!!!!!!!!!!!


wowwwwwwwwwwwww
Makes my school debt look silly lol.

You're going to make bank though, and as long as you enjoy what you do you're set.


I have a friend in the middle of his dental hygenist program, and I honestly can't deal with teeth. Wanted to become a dentist, but quickly changed majors after seeing some crazy shit.

Dude if you were to make people's teeth as white as your car, you would have bought 2 Ferraris by now.

470k isn't bad. My brother in law owes 750k, he's an oral surgeon.

They talk about a lack of students going into the medical field. I wonder why...

You also have to consider opportunity cost and compounding. Who wants to be broke as shit and not be able to begin investing until 30 to 35..

lolol

That's less than three years for a good oral and maxillofacial surgeon.

http://www1.salary.com/Surgeon-Oral-Salary.html

After doing some basic math, I think he'll be doing fine. We'll still be on miata forums in 20 years.. he'll be on maserati forums lol

That still neglects the future value of total loan payments and investments. Not saying they don't earn a great living, but that overshadows the true cost involved.

Some people choose to drive Miatas. There are many people I work with that have Corvettes, Porches, Mercedes, BMWs, and theres even an NSX in the parking lot. I personally don't want a loan larger than the one I already have for my 2010 Mustang and I wouldn't want to waste cash with 0% financing.