Public Schools- Future

For a student entering dental school in 2022-23, what will it cost?  Path32 seeks to answer this question in 3 different ways.

-       projected Tuition and Fees for a 2022-23 entering student-  the current tuition rates for 2021 are available. We also know that tuition increases every year (tuition inflation).  To best calculate tuition inflation for each school, we calculated the % annual increase in Tuition/Fees from 2015 to 2021.  We feel each school’s previous tuition increase is the best estimate of their future tuition inflation.

 -       projected Loans- this calculates the principal amount of loans that a 2022-23 entering student will have when they enter repayment 6 months after graduation.  This calculation turns our Tuition and Mandatory Fees projections into Loans. We factor in loan origination fees and interest.  Unsubsidized Loans have an origination fee of 1.057%, while Graduate Plus Loans have an origination fee 4X higher (4.228%)The current interest rate for Unsubsidized Loans is 6.54% (up from 5.28%the previous year).  The current interest rate for Graduate Plus is 7.54% (up from 6.28% the previous year).  For both loans, interest accumulates on all outstanding principal.  The interest is capitalized (added to your principal) when your loans become due and repayment starts, about 6 months after graduation from dental school. 

 -       projected Monthly Repayment- this calculates what a student’s monthly repayment will look like over various repayment lengths.  Most students will enter a standard repayment plan of between 5 and 20 years.  We provided monthly repayments over various repayment terms- 7 years, 10 years, 15 years, and 20 years.  This assumes all Federal Loans are not refinanced privately.  Many students choose to refinance their loans with a private lender once their debt-to-income ratio is sufficient to qualify.
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