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$1 MILLION in Student Loan Debt - DOCTOR REACTS

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Dr. Cellini

Dr. Cellini

Күн бұрын

Пікірлер: 268
@WiiKitty
@WiiKitty 2 жыл бұрын
My understanding is that dental school is more expensive than med school. They have a residency but is unpaid so it is pretty “common” for someone to be a dentist and have 500k in debt due to taking debt for living expenses.
@StudentDoctorEli
@StudentDoctorEli 2 жыл бұрын
Spot on right here. Some residencies you pay tuition as well.
@AvadaKedavra4172
@AvadaKedavra4172 2 жыл бұрын
Yeah, but the flipside is dental residency is entirely optional and not mandatory. Residency is for someone going into a dental subspecialty that's real specific (oral surgery, ortho etc). This is where some of those near 7 figure debts come from. You can avoid that and start immediately as an "attending" general dentist straight outta graduation and start chomping down on those high loan balances. Dental school is pricier than medical school, but there sure are examples where a med student's balance isn't far off from a dental student's balance. But yes, I generally think Dental School is overpriced as HELL.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
How much orthodontist earn maximum per year in usa? Nice video.
@jeanlanz2344
@jeanlanz2344 2 жыл бұрын
What an indecent rip-off. The laws need to be changed allowing college and graduate student borrowers to declare bankruptcy and renegotiate their excessive debt...that's real capitalism, not all risks shoved onto the borrower.
@kevinclass2010
@kevinclass2010 2 жыл бұрын
@@pikusarker1359 200k
@BoltCRNA
@BoltCRNA 2 жыл бұрын
I was $200,000 in student loan debt from CRNA school. Paid it off in 2 years this month! Now real life can begin.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
Sir how much do you make now?
@Chris41199
@Chris41199 2 жыл бұрын
Good for you man.
@sisterstaketoo1981
@sisterstaketoo1981 Жыл бұрын
👏🏿👏🏿
@thisoldbelair
@thisoldbelair Жыл бұрын
This comment should have thousands of likes. Congratulations!
@kirinnaicker8871
@kirinnaicker8871 4 ай бұрын
@@pikusarker1359CRNAs make quite a bit of money
@CAB12152
@CAB12152 Жыл бұрын
As a dental student I can attest that $1mill is not that far of a stretch. To be fully candid, my tuition alone is $92k a year, not including living expenses. If you were to take the full amount on loans, which obviously you need something to pay rent, etc. I know that my school approves up to a total loan amount of about $127k a year. Taking all of that into consideration, you would be well over $500k, likely nearing 600k with interest accrued during school. As far as I'm aware there are very few orthodontic residencies that don't require you to pay for them, and maybe none. At my program the Ortho residency is $47k a year, again, not including living expenses (~82k with living). So during the three year ortho residency you would be accruing about $40k in interest from your dental school loans while also taking another 80k. Now if you're following my math here you can see were already at ~$960k, and I hate to inform you, but this is not even the most expensive program out there. Realistically though an Orthodontist should make $400-500k+ a year though if that helps.
@karma1507
@karma1507 5 ай бұрын
That's awful. If you start college at 18, you'll be around 30 when you finish residency (unless I messed up somewhere). Starting with $1 million of debt, you'll at least be in your 40s by the time you can actually start using your money how you want to.
@Joongsu
@Joongsu 4 ай бұрын
@@karma1507 I agree that medical/dental education are pricy and (unnecessarily) expensive as hell. But schools know that people that graduated WILL be able to pay it back so they have NO incentive to make the education cheaper. Hell, taking money from hungry student taking out federal/private loans must be the easiest/most predatory way to make $$$z
@michaelstollairetbarceo3287
@michaelstollairetbarceo3287 2 ай бұрын
@@karma1507 Basically all of that effort only to maybe be rich in your 50s. Wow. That means hoping and praying for good health down the line is paramount. This all seems like so so much stress. I'll stick to headaches in finance.
@pamelag3879
@pamelag3879 2 жыл бұрын
So I am a Pre-Dental student and am quite familiar with dental incomes bc I’ve asked around. As for an orthodontist, 250k is low but he is a new grad so it usually starts at 250k-350k in the beginning and then linear growth begins.
@StudentDoctorEli
@StudentDoctorEli 2 жыл бұрын
there's a lot of money in dentistry but school and residency can get super expensive. Me and my classmates talk about this really often
@pamelag3879
@pamelag3879 2 жыл бұрын
@@StudentDoctorEli I totally agree with you. I’m glad you commented cause now I can check out your channel🤓
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@pamelag3879 mam how much orthodontist earn at maximum in usa? Plz reply. Thanks a lot.
@pamelag3879
@pamelag3879 2 жыл бұрын
@@pikusarker1359 I couldn’t tell you the max. I know some Orthodontists that make over 1M a year. It depends on the Doc as to how much they make. It depends on their location, whether they work for a corporation or private practice. It also depends on whether the Doc has their own practice...
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@pamelag3879 is the 1million before tax and overhead costs or after overhead costs and taxes?
@StudentDoctorEli
@StudentDoctorEli 2 жыл бұрын
Loving the finance talk Dr. Cellini there aren't enough people that touch on it and a lot of us don't have a plan on how we're going to pay back all this debt!
@devlinmorales
@devlinmorales 2 жыл бұрын
I can help with this bro!
@Nameisabe
@Nameisabe 2 жыл бұрын
Dental student in CA here. Dental school tuition is close to 100k a year for 4 years. This doesn’t include living expenses. Living expenses in CA is 20k a year with room mates. So we’re at 480k for dental school. Residency is another 120k a year for 3 years. With living we’re looking at 420k. That brings us to around 900k. Now add in interest throughout the life of the loan from your first year in school and add in undergrad loans. I wish I could say that this guy was being irresponsible with how much money he was taking out for his education but this is “normal” for many dental residents. Also, dental residencies often don’t pay their residents. Dental education costs in the US are insane.
@yangzhang2536
@yangzhang2536 2 жыл бұрын
You don’t get pay during residency as a dentist?
@Nameisabe
@Nameisabe 2 жыл бұрын
@@yangzhang2536 in dentistry, some residencies pay but it’s my understanding that most don’t
@yoleeisbored
@yoleeisbored 2 жыл бұрын
Holy shit amd dentists have high suicide rates too...
@yangzhang2536
@yangzhang2536 2 жыл бұрын
😭😭😭
@DemetriPanici
@DemetriPanici 2 жыл бұрын
This is a common problem many doctors and dentists end up finding themselves in. Crazy that we're in a world where this happens
@DrCellini
@DrCellini 2 жыл бұрын
Facts
@vipneat7265
@vipneat7265 2 жыл бұрын
*in america
@JS-vi6tq
@JS-vi6tq Жыл бұрын
And then there are Vets💀
@Joongsu
@Joongsu 4 ай бұрын
If you manage to go to school debt-free (which is unlikely) or live very frugally for about a decade during and post training combined, the rewards can be immense. Going into your late 30s being millionaire with “fk you” money is nothing to scoff at.
@ritafava4165
@ritafava4165 2 жыл бұрын
I can confirm. My boyfriend is a dentist and said most residency programs are unpaid.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
How much your boyfriend earn as a dentist?
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
Depends on the specialty. Most ortho residencies are unpaid. Specialties that pay you during residency: General dentistry, Pediatrics, Oral surgery, Dental anesthesiology, some endodontics. Specialties that won't pay you during residency: Most orthodontics, most periodontics, most prosthodontics, some endodontics.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@zzzzzzzzzz098 sir how much orthodontists typically earn in usa?
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
@@pikusarker1359 Probably average 300k-350k.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@zzzzzzzzzz098 sir is it before tax or after tax?
@GeoffreyHiggs
@GeoffreyHiggs 2 жыл бұрын
I'll tell you how it happened...He went to undergrad, probably around 30k in debt, he went to a private dental school, NYU, USC, or one of the other schools, 400k in debt..he went to Ortho (non-paid) residency another 400-500k in debt, you have to pay tuition for ortho residency and its non-paid. All the while, interest is accruing on the undergrad and DDS degree. that's close to 900k, spend another year after graduation getting set up before making any money, and it's easily at a million, in debt. (Oral surgery, maybe dental anesthesia, are the only paid residency programs in Dentistry). The real problem, is that the government backed student loans, so the education institutions, where able to raise tuition astronomically high, without loosing out on enrollment due affordability.
@daniaawni5180
@daniaawni5180 2 жыл бұрын
Interest is not allowed in Islam to protect people from falling into this dark hole.
@KillerAJ
@KillerAJ 2 жыл бұрын
I took out too much during pharmacy school. Instead of taking out the tuition money only, I also took out the full “cost of admission “ which included books cost, equipment cost, laptop cost, transport and housing cost.
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
Then how else would u pay for it?? I'm genuinely asking because it is my understanding that you don't work while completing your graduate program
@KillerAJ
@KillerAJ 2 жыл бұрын
@@harvestingseason2725 I mean, I did work but maximum 16 hours a week and at a pay rate of $11/hr, which doesn’t really get you much.
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
@@KillerAJ ah ok got ya. Are you working as a pharmacist today?
@saramorcos9068
@saramorcos9068 2 жыл бұрын
Hey Dr. Cellini - pharmacy student here (crying in debt). Can you do a video on how to manage your loans during graduate school and tips n trick to look out for? How to prepare for loans when you graduate? Would be super helpful!!!
@saramorcos9068
@saramorcos9068 2 жыл бұрын
i feel like majority of students who graduate with 250K debt have to live off of rice and beans for next 5-10 years in order to pay off debt reasonably - WHY IS IT SO SCARY!!
@joshbritton
@joshbritton 2 жыл бұрын
Check out his video “How I’m paying off student loans” super helpful.
@Sinitsu
@Sinitsu 2 жыл бұрын
Hello fellow Pharmacy Student, hang in there!
@larryhon
@larryhon 2 жыл бұрын
Pediatric dentist here. Graduated residency in 2018, 630k debt. I expect to be debt free in 2025, but not everyone in my shoes will see the light at the end of the tunnel. For anyone reading- I joined the army reserves for loan repayment, work in my office Mon-Thurs, and help attend at the dental school on Fridays. Many dentist I know will not be able do pay off their student loans, because of loan-interest. Here is the breakdown for my life- tuition was about 300k for 4 years, but I lived off 30k per year for 6 years (180k), residency was 2 years at 30k per year (60k). 540k total, but interest was ticking for 6 years at about 7%. Ortho residency is worse, because it can be 100k per year for 3 years (300k). If you join army reserves, you have to keep attacking your loans because you can finish your contract and still owe the same amount due to interest.
@NoDebtNoDrama
@NoDebtNoDrama 5 ай бұрын
@larryhon Hi Larry, congratulations. I see this comment is 2 yrs old but on the chance you read it, let your friends know that I can help them with their loans to pay off half time. Yes really! Yes it has to do with interest and math. 😊
@ErikaCorrea
@ErikaCorrea 2 жыл бұрын
Hi! I’m a KZfaqr and a dentist pursuing orthodontics. Yes you are right about most dental residences being unpaid. There are a couple paid orthodontic programs but they are very hard to get into and accept very few students. Most ortho programs I’ve seen can cost up to 100K a year and you have to pay this for 2-3 years.
@jeffreystarnes9500
@jeffreystarnes9500 2 жыл бұрын
median salary of $208,000 in 2020. The best-paid 25 percent made $208,000 that year, while the lowest-paid 25 percent made $150,250.
@StudentDoctorEli
@StudentDoctorEli 2 жыл бұрын
Dental School is super expensive. My schools tuition is $85k per year, not to include how high the cost of living is in Boston. A lot of Dental Residencies also charge tuition rather than paying their residents. Some residencies YOU pay. For example, UNLV Orthodontic residency is $79,000 for years 1 and 2 (each) and $42,000 for the third year. More loans/scholarships needed! This deters people from school and specializing.
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
In dentistry right now, so I can explain a bit. Unfortunately, it's easy to come up with a few ways to hit a million dollars debt as an orthodontist. First, US dental schools charge the most for training in the world. If a student has no financial help, they usually graduate from a public school to owe 300k-400k, and private schools owe 550-650k (this includes interest and cost of living) just to obtain their DDS. If he went to an expensive private dental school, then 600k of debt by graduation is not only possible, but probable. You can owe a little less if you happen to live in that city though, so 600k could potentially roll back to 500k, even if it's an expensive private school. Afterwards, ortho residencies are 3 years and are unpaid. Dental residencies may give salary or charge tuition depending on which specialty you choose. In this case, ortho happens to be a specialty that charges you but don't pay you for 3 years. Most residencies will charge around 80k, but you still have to think about cost of living and interest, so you could pay potentially over 100k a year again for your ortho residency. With interest, 600k + 300k + interest for another 3 years, this could easily go to a million dollars and over.
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
Yup
@Russianboyz95
@Russianboyz95 2 жыл бұрын
O.O you guys *pay* for residency?
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
@@Russianboyz95 Yep. Depending on which specialty you want to go into, you either get paid or have to pay. Have to pay: Orthodontics, periodontics Get paid: General practice, oral & maxillofacial surgery, pedodontics, dental anesthesia Either/or: Endodontics, prosthodontics.
@BigTroubleD
@BigTroubleD 2 жыл бұрын
Wtf ew no
@daphne10120
@daphne10120 Жыл бұрын
@@zzzzzzzzzz098with how hard residents are worked, I can’t imagine not being paid at least a bit. I’m looking at potential residencies for when I finish med school and most residents work over 100 hours a week and make less than 10 an hour.
@aranmanalang8127
@aranmanalang8127 2 жыл бұрын
PA student, originally a pre-med student who’s dream was crushed by the MCAT commenting for the algorithm
@rjsmusicstudio4716
@rjsmusicstudio4716 2 жыл бұрын
You should react to nurse to riches on how a nurse made 800k in a single year.
@DrCellini
@DrCellini 2 жыл бұрын
Oooh. Link!?
@kathyobrien1063
@kathyobrien1063 2 жыл бұрын
@@DrCellini kzfaq.info/get/bejne/odVjlZNkvdqxeJs.html
@YusufQuest
@YusufQuest 2 жыл бұрын
Yes!!!! Do it please!
@annachristine3413
@annachristine3413 2 жыл бұрын
Yes please do this! Last semester of nursing school student here!! LOVE watching your vids. You and adrianna are the cutest! Sending you both love from Saint Louis!
@zahsum
@zahsum 2 жыл бұрын
I saw the video and WTF I'm in shock that nurses have the potentiality to crush a MD/DO's salary... I don't understand how the system allows for doctors to get screwed like that
@Guccimanegut
@Guccimanegut 2 жыл бұрын
He is probably starting out so the 250 will go up but the reason he is in so much debt I’d because in dental specialties (other than oral surgery) you have to pay to be in the program rather than being paid so he probably had anywhere from 400-600k in debt just from dental school then the rest has been paying his residency program and interest accumulating all those years
@DrCellini
@DrCellini 2 жыл бұрын
That’s so crazy
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
Yup
@he2261
@he2261 2 жыл бұрын
4th year dental student here. The reason he is in 1 mil debt is because dental schools charge crazy high tuition. He went to a school that charges one of the highest tuitions in the nation, as well as its residency program. For orthodontics residency, you have to pay, they don't pay you. So he had to pay for those extra years of schooling as well. Orthodontics is getting saturated now because programs are realizing dental students would love to be a part of this field and will pay any cost to become a certified orthodontist -thus more programs are opening up. However, the salary start up is a little lower and general dentists are starting to do more invisalign cases. Orthodontics is a big risk to pursue nowadays. Which is why I am pursuing oral surgery. It is the ENT/Plastics of dentistry and more competitive than orthodontics.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
How much orthodontist earn maximum in usa? Plz reply.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
How much you will be making as an oral surgeon?
@eyekandy3000
@eyekandy3000 2 жыл бұрын
He should file for bankruptcy. Traditionally student loans are not forgiven however in his case he can definitely prove undue hardship with a good attorney.
@Prplngldbee616
@Prplngldbee616 2 жыл бұрын
If it's Federal loans (which I doubt I'm sure the majority are private) they won't count. But this may be his only way out of situation.
@willmatz41
@willmatz41 2 жыл бұрын
The last stat I heard on this was that 4 people ever in history were able to prove undue hardship through this program. So I wouldn’t count on that
@eyekandy3000
@eyekandy3000 2 жыл бұрын
@@willmatz41 did those 4 people have $1000000 in student loans? This is an unusual situation. The only negative is he is gainfully employed with what’s considered a high income. So that’ll be hard to argue
@AnaLiBox
@AnaLiBox 2 жыл бұрын
How about just leaving the country USA forever and never come back .. No more debt! 👍
@jacobl5488
@jacobl5488 2 жыл бұрын
Not only are some of these residencies unpaid but... you have to pay THEM!
@haute03
@haute03 12 күн бұрын
The fact that you can take out $1 million in student loans with no job, no collateral, no nothing is absolutely insane. Meanwhile, banks will put you through the ringer for a moderate business loan.
@armandocortez2291
@armandocortez2291 2 жыл бұрын
I work in the field, the very well off orthodontist are the business owners. Most associate dentist will have a salary and bonus for production.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
Sir you much do you make now? Plz reply. Thanks a lot.
@jasonlopez8499
@jasonlopez8499 2 жыл бұрын
so i just went on google and saw that dental residents actually have to PAY to be in their respective residency. So they have debt from undergrad, dental school AND residency. WOW.
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
Yup
@aliabdelrahman8002
@aliabdelrahman8002 2 жыл бұрын
Ayo Dr.Cellini can you make a video explaining what to do in case someone does not get accepted into medical school?
@zahsum
@zahsum 2 жыл бұрын
Depending on your major in college, you go into that field. If you were a bio major, you can become a biologist, teacher, etc. You can even be a lab analyst at biopharm companies. That's what i did during my gap yar
@1p4142136
@1p4142136 2 жыл бұрын
Salaries depend on the city you work. Also the military can help you cancel some of the debt. If you are a salary person that it’s frugal with his/her salary it would take 30+ years to save up 7 times your annual salary.
@AnnDVM
@AnnDVM 2 жыл бұрын
When I see videos like this, I am extra grateful to be living in Denmark where education is free and we even get paid to go..
@eyekandy3000
@eyekandy3000 2 жыл бұрын
Exactly! That’s how it should be. Instead of shipping in doctors from overseas we could pay students to go to medical school
@M11TS
@M11TS 2 жыл бұрын
Same in Germany.
@Dreamer-kd2jv
@Dreamer-kd2jv 2 жыл бұрын
We also make $100k more than you, at least in my specialty. So as good as graduating debt free would have been, I prefer my higher salary that pays my student loan in 5 years and then I get to keep it.
@buckeye-pe6df
@buckeye-pe6df 2 жыл бұрын
Your school isn't free. You have the highest tax rate in the world. Your taxes pay for you "free" education.
@AnnDVM
@AnnDVM 2 жыл бұрын
I would much rather pay 40-50% income tax and then have at least somewhat equal opportunities for everyone when it comes to education, as well as free healthcare and other social securities than having lots of people dealing with debt due to illness or education. That's a price I'm very willing to pay for equal opportunity and peace of mind..
@zainnnf
@zainnnf Жыл бұрын
3:41 interest is so evil
@jodiethane9359
@jodiethane9359 Жыл бұрын
Im a Y2 atm. I will be at 450k when I finish. My biggest mistake was taking out full loans in undergrad. I didn’t need to just didnt want to ask my hubby for money. I was used to paying my own way. My biggest fear is graduating at 54 with a home size loan to pay. I am a veteran, and I am looking at working at a VA for forgiveness. Only way it makes sense for me.
@jodiethane9359
@jodiethane9359 Жыл бұрын
@wilbur mcwaffles means 2nd year medical student. Y1 Y2 etc.
@agk1511990
@agk1511990 Жыл бұрын
Your tax calculations was wrong. Not all his 250,000 is taxed at 30%. You have to claim the standard deduction and also income is taxed starting with a smaller tax brackets. Probably only 20-30% of her income with be taxed at 30%
@PhilippayFiasco
@PhilippayFiasco 2 жыл бұрын
Honestly, the conversation around physician debt is never long or detail enough to discuss the factors at play Undergrad debt Grad school Debt Out of state Med School Debt Bad advise from advisors The generation you grew up in and the emphasis on obtaining a college degree Rising costs of education Criminally high interest rates on some loans Access to information etc The amount can definitely reach > 600K+ The Nontraditional path is typically the most expensive path. ...But yeah 1 million is insane
@pikusarker1359
@pikusarker1359 2 жыл бұрын
Sir what is the maximum income an orthodontist can earn in usa? Plz reply. Thanks a lot.
@drose44444
@drose44444 2 жыл бұрын
That’s a big reason I decided to study medicine in Mexico City, Mexico compared to the United States.
@bruhhmomentumm
@bruhhmomentumm 2 жыл бұрын
If he went to the most expensive dental school (~$700k from NYU of Midwestern) and went to the most expensive residency (~$300k from GA ortho residency) he could rack up 1mil in debt. He could’ve not done either and just went to a private dental school ($4-600k) and a typical ortho residency (~$1-200k), an expensive masters, and an expensive undergrad maybe? Regardless, I’ve spoken with ortho residents and new grad orthos and the income for new grads is about $250k-350k/year and established orthodontists that they’ve met make anywhere between $600k-$800k. Key word is ESTABLISHED, and it can take 7-15 years to reach that point.
@RachdelaTorre
@RachdelaTorre 2 жыл бұрын
Not for anything but Dietitians have to PAY for their "internship" or residency and make no income during that year.... only for a year, but still, it's criminal not to pay people for working!!! Poor guy.. those loans are on another level!
@mehranmalakpour6143
@mehranmalakpour6143 2 жыл бұрын
I am a newly grad Endodontist, and have 720$k in loan. 300k income on average. I dont have an office and dont have a house cause I cant afford it, driving my 2010 Camry probably for another 10+ years hopefully is gonna last me that long. I love what I do and have never had any regrets going into the field. wealth accumulation is very difficult at this day and age, and if thats your intention I do not recommend dentistry anymore.
@Jdw6848
@Jdw6848 Жыл бұрын
You should move to Bismarck N D the endontists are so busy it takes 2 months to get in. They charge about $2200 for a root canal. So if they do 15 a week and take 12 weeks off a year that comes to $1,320,000
@jerymia2911
@jerymia2911 2 жыл бұрын
I love that you are speaking on this. My daughter (she's 15) currently aspires to be an anesthesiologist. It's to hard to encourage her to pursue a profession that has the potential to put her in massive amounts of debt.
@wannacashmeoutside
@wannacashmeoutside 2 жыл бұрын
Have her consider CNA (nurse anesthetist!) it’s an advanced nursing degree and they do everything an MD does :) the journey is just as competitive and difficult but significantly cheaper
@jayritchie2785
@jayritchie2785 2 жыл бұрын
The debt should be far less with medicine and the income far more for anesthesiology.
@brittnelli
@brittnelli 2 жыл бұрын
*CRNA Massive difference.
@gerinimoify
@gerinimoify 2 жыл бұрын
@@wannacashmeoutside Respect for what you do, but that comment just isn't true. It wouldn't even logically make sense that some of the best and brightest students work and train and study for thousands of additional hours to get an MD just to get the same results as a CRNA. There is a clear difference, and you should be embracing the career you chose, not trying to make it something it's not.
@jerymia2911
@jerymia2911 2 жыл бұрын
Thank you! I will definitely mention this too her 🙂
@madikoko
@madikoko Жыл бұрын
PA school is right around 150k for 2 years
@mjmhockey02
@mjmhockey02 2 жыл бұрын
Newly graduated dentist here. Private dental schools can require as much as 400k (sometimes more) in loans. Most ortho residency are not paid and charge tuition and could be an additional 200k. So I can see 600k but idk how he got to a million. Makes me feel a little better about my loans 😬.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
Sir how much do you earn as a dentist?plz reply. Thanks a lot.
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
Private dental schools can require 400k in tuition ONLY before interest. With interest and living expenses it could go up to 600k-650k. Then tack on an unpaid Ortho residency for 75k a year for 3 years, and continued interest, that's a mil easy.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@zzzzzzzzzz098 sir how many years will it take for an orthodontist to pay off all his student loans?
@zzzzzzzzzz098
@zzzzzzzzzz098 2 жыл бұрын
@@pikusarker1359 Can't answer that. It's different for everyone. Where you live, how much rent you pay, how much money you make, how much student debt you have, are you on a loan repayment plan, etc, it's all varied for the individual.
@olegzadoyannyy9459
@olegzadoyannyy9459 2 жыл бұрын
With cost of living he could have racked up another 100-200k. And the remaining difference could be his under grad dept 🥶. Can’t be more thankful that I just got accepted into a state dental school
@engineered-mind
@engineered-mind 2 жыл бұрын
This is why I did Engineering and not Medicine
@eyekandy3000
@eyekandy3000 2 жыл бұрын
I think another issue is how can loan providers let someone borrow $1,000,000 in student loans? There should be a cap - there is on federal loans- I know cause I maxed mine but I guess the private loan route you can borrow as much as you want. In other countries people in higher education are paid for their education not the other way round …
@Chels-fz5uq
@Chels-fz5uq 2 жыл бұрын
He may not have taken out that much in principle….but interest over the years may have gotten him to 1000000
@eyekandy3000
@eyekandy3000 2 жыл бұрын
@@Chels-fz5uq if he was always paying the minimum then interest wouldn’t accrue to that level. I guess if he was unpaid for many years.
@Chels-fz5uq
@Chels-fz5uq 2 жыл бұрын
@@eyekandy3000 he was likely deferred through residency…..and yes interest can accrue that much especially if only paying the minimum
@StudentDoctorEli
@StudentDoctorEli 2 жыл бұрын
I'm not a youtube dentist but i'm a dental student I love talking about this stuff I'd love the opportunity to talk Dr. Cellini! I make dental school videos on my channel you were one of the people I watched when I was pre-med and inspired me to start my youtube journey
@SayedI313
@SayedI313 2 жыл бұрын
Reporter: Hey Austin Powers, what will you do with one million dollar ransom money you received from the united nations? Austin Powers: [With the Austin Powers smile] Pay off my dental school
@alreadythen1
@alreadythen1 Жыл бұрын
So I went to school for 9 months as an LPN and makes $90k/yr cause of overtime and bonuses. I know RN makes $150k and up.
@germanshepherd6638
@germanshepherd6638 Жыл бұрын
My state just made college free. I’m going back for dental hygienist.
@hiandbye3863
@hiandbye3863 2 жыл бұрын
so in the full video, he explained that he have opened his own office and works 3 days at another office which pays 250k. opening a practice and his student loan could result in 1 mil, but idk if that loan is strictly his student loan.
@kasa9884
@kasa9884 2 жыл бұрын
It's student loans- dental school is more expensive than medical school, and the dental residencies are unpaid and actually make you pay them to train, so it's easy for dental specialists to reach close to $1 million by dental education alone, then add in any undergrad loans and boom! $1 million total in student loans.
@you452tube
@you452tube 2 жыл бұрын
As a nurse for 20yrs my wages have been flat for years... Corporate America broked the unions in the 80s and 90s...so we have little bargaining power.....upper middle class was silent.....now Corporate America is coming for you.....buying up practices, and limiting admiting privileges unless you work for them.... I curious to see how this plays out.
@lrx54
@lrx54 Жыл бұрын
The schools have enjoyed 20 years of profiteering off the students. No more. On line college offer MD degrees. To up grade my pharmacist degree to MD? About $30k then costs of internship, residency etc. The point being, education should not be expensive, it’s free on the internet, as information is everywhere. It’s time the brick and mortar schools provide low tuition.
@yarnmaniacs8936
@yarnmaniacs8936 2 жыл бұрын
Holy Pete! I somewhat agree with Ramsey but he’s also the same person that states you can attend college without loans….I’m thinking this guy had oodles of debt from other things related to school? Did he max his loan any to include housing, and just basic living expenses? Inquiring minds want to know!!
@sean2044
@sean2044 2 жыл бұрын
I've attended community college without loans. Does that count?
@promiseibeabuchi6537
@promiseibeabuchi6537 2 жыл бұрын
@@sean2044 Please how did you do it?
@sherrydawson6253
@sherrydawson6253 2 жыл бұрын
Holly smokes that's so depressing! I can't even imagine going to school for yrs then graduate owning that amt just starting your career. How sad. He should of been watching your videos.i wonder how many yrs he went to school? I love when u react to other videos. Your so cool.i feel bad for him. He should of picked a different field or school.😢
@kasa9884
@kasa9884 2 жыл бұрын
Dr. Cellini's videos didn't exist when he began dental school.
@BedeliaMikk
@BedeliaMikk 2 жыл бұрын
I study medicine in Rome in english and I do have some american classmates. We pay 2000€ per year. Why more american students don't study in Europe? It is so much cheaper, and the education is just as good.
@ashwinashwin3837
@ashwinashwin3837 2 жыл бұрын
@Emily Millet 😂😂
@PrideofPitchers
@PrideofPitchers 2 жыл бұрын
For students with MD and DO degrees obtained from US med schools, the national match rates are comparable (around 90%). For IMGs its 50-60%
@pikusarker1359
@pikusarker1359 2 жыл бұрын
How much doctor earns in rome?
@st942433
@st942433 Жыл бұрын
20years ago I graduated with $200000 in debt from Dental School. Got super lucky and had my 3 years of specialty training paid for by the government. Now the graduates will come out with $600000 easy. You add three years of specialty and you are looking at well over $1,000,000. I think kids are better off going to trade school tbh.
@habib580
@habib580 2 жыл бұрын
I believe orthodontic residency requires hour to pay to be in it. You don’t get paid
@HelloMoto_
@HelloMoto_ 2 жыл бұрын
I hope this guy watches your videos, I think you have way better advice. That being said, it is still crazy to me how you have to pay so much money to obtain a career here in the states. It’s sad. Hopefully something changes in the future.
@RyanAmplification
@RyanAmplification 2 жыл бұрын
Well some dental schools are over 80k per years (Midwestern). Plus housing and living expenses can be 30k per year. So just in loans it can be 110k per year. Plus 4 years of interest on that. Plus interest on it during however long residency is. And if Dr. C is right about dental residents/fellows not getting paid or having to pay, then extra loans for that and interest. $1mil would be about right. That's insane.
@miscdylaneous5269
@miscdylaneous5269 2 жыл бұрын
Another profession that requires a doctorates, but does not pay a doctorates salary is a Clinical Psychologist.
@dvalred
@dvalred 3 ай бұрын
And here I am feeling ashamed of my $30,000 in student debt...
@dheerajchoudhary5138
@dheerajchoudhary5138 3 ай бұрын
30k can be easily paid off if you are from STEM
@camiloperdomoluna7556
@camiloperdomoluna7556 2 жыл бұрын
In Colombia ALL RESIDENCY AND FELLOWSHIP PROGRAMS HAVE TO BE PAYED BY THE STUDENTS
@FacundoMD
@FacundoMD 2 жыл бұрын
ER DOC HERE !!!!! AS I SAID BEFORE I HAVE 500K in Loans ! Will make a video about it soon.
@pikusarker1359
@pikusarker1359 2 жыл бұрын
Sir how many years will it take for you to pay off all your student loans? Plz reply.
@FacundoMD
@FacundoMD 2 жыл бұрын
@@pikusarker1359 WELL MY GOOD SIR ! I WILL BE MAKING A VIDEO ON THAT. BUT THE PLAN IS NO MORE THAN 3-4 YEARS. I KNOW IT SOUNDS CRAZY BUT MOST PEOPLE ARE NOT ME AND DONT HAVE MY WIFE WHO IS SUPER AMAZING WITH MONEY. THE KEY IS SIMPLE CONTINUE TO LIVE LIKE A RESIDENT AND THROW ALL YOUR MONEY AT IT FRO 3 YEARS. :) MARK MY WORDS !!!!!!
@pikusarker1359
@pikusarker1359 2 жыл бұрын
@@FacundoMD sir how much you will be making as a doctor? Plz reply. Thanks a lot.
@edgehodl4832
@edgehodl4832 2 жыл бұрын
his interest is 5800 a month???? omg this is insane
@isaaczarayan3422
@isaaczarayan3422 2 жыл бұрын
Loved the vid
@alqoshgirl
@alqoshgirl 6 ай бұрын
My SIL got accepted to 2 schools. One will cost 400k and the other 600k. She wants to go to the 600k cause she wants to have fun too 🤦🏻‍♀️
@krishnakarale14
@krishnakarale14 Жыл бұрын
Here in India government medical College is cheap and good it cost you nearly 1200 dollar each year for 5 year and if you come from economically backward section it will be going to half the amount you pay so we don't have any student loan on us if we study from government but it is very hard to get into that
@malakabdelhadi6523
@malakabdelhadi6523 2 жыл бұрын
So I know it’s National Rad Tech Week! So did you do anything for you IR techs this week?
@matthewchampagne7860
@matthewchampagne7860 2 жыл бұрын
Here early! thanks for the great content👍👍
@DrCellini
@DrCellini 2 жыл бұрын
Thanks man!
@JulieTobin-Ruszczyk
@JulieTobin-Ruszczyk Жыл бұрын
My opinion. The insurance companies suck up most of what Dr get today. Example I had a MRI, that charged 4,800. The insurance company paid $98. My co pay was 0. This went through from registration to technician to radiologist. How do they do that?????
@Li-mx7uy
@Li-mx7uy 2 жыл бұрын
SCAM!!!!!! HOLD schools ACCOUNTABLE!!!!!!
@zhvanrekani1408
@zhvanrekani1408 2 жыл бұрын
Nice video reacts . Thank you 👍
@simran6521
@simran6521 2 жыл бұрын
Loans holds me back
@DrCellini
@DrCellini 2 жыл бұрын
They are not to be taken lightly
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
@@DrCellini pun intended?
@tarawhite4419
@tarawhite4419 Жыл бұрын
What were you thinking? I wasn't thinking
@skippyz3652
@skippyz3652 2 жыл бұрын
Love the Ramsey show. Thats some student loan though😅💸🙈
@Jdw6848
@Jdw6848 Жыл бұрын
They make well over $250,000 a year
@shamrockgirl6595
@shamrockgirl6595 2 жыл бұрын
🚑 Love 💞 reacts! 🚑 Love 💞 invest, finance, debt & all other 💰 💸 💲 subject matters. 🚑 Love your variety of videos 🎥
@shamrockgirl6595
@shamrockgirl6595 2 жыл бұрын
1 MILLION DOLLARS! 💵 💲 🤑 💸 💴 💱 💵 💲
@jennahamrick3.086
@jennahamrick3.086 2 жыл бұрын
I would off myself if I was $1 million dollars in debt….I’m $7,000 in debt with school loans and that’s killing me now😭 AND IM STILL IN SCHOOL…….
@DrCellini
@DrCellini 2 жыл бұрын
Good thing you are a ways away from 1 mil!
@dannetteconstantino4692
@dannetteconstantino4692 Жыл бұрын
If the national average was 3000 patients for every overworked under paid Doctor and that Doc got paid $ 333.33 from that estimate of each his her patients then one could possibly pay off $1 million
@dannetteconstantino4692
@dannetteconstantino4692 Жыл бұрын
I wonder how his patients would feel if they had to pay it that's only $27.78 a month for 12 months if I was one of them I would not mind paying
@Luna_Kirisame
@Luna_Kirisame 2 жыл бұрын
if yur $1M in student loan debt, you better be a politician, not a doctor.
@elchicano65
@elchicano65 2 жыл бұрын
And keep in mind that these "students" are among the best and brightest..give me a break. He could have started a business for a fraction of that amount and purchased a franchise. Wow, the naivete of these people is unbelievable. But remember he is a doctor....
@KatieBellino
@KatieBellino Жыл бұрын
I mean, we do need people to go into those fields, so something should be done about the criminally high cost. Also, they become "rich kid" professions because bright, middle class students can't handle the amount of debt.
@PxPoseideNxN
@PxPoseideNxN 2 жыл бұрын
Hey Dr. Cellini love the content! Should I subscribe?
@DrCellini
@DrCellini 2 жыл бұрын
You better!
@PxPoseideNxN
@PxPoseideNxN 2 жыл бұрын
@@DrCellini Done
@aqualife88
@aqualife88 2 жыл бұрын
I'm graduating undergrad in 1 month and have 30k in loans already 😔 fml
@briannebarker6833
@briannebarker6833 Жыл бұрын
He’ll make more money later, the more you pay on principal, the more the interest goes down. Also just a nugget of wisdom, if you even hit the tax bracket of 30% you don’t pay 30% on the whole income. Just the amount per tax bracket ☺️ Of course it is extreme though yeah, hope the best for this guy.
@briannebarker6833
@briannebarker6833 Жыл бұрын
also, he could accept a job that could help him negotiate or pay some of that debt off in addition to his income. My husband did that in his large debt from medical school. Hope he uses his resources wisely!
@teams3345
@teams3345 Жыл бұрын
They should be talking to Joey Hyden.
@amberbailey8241
@amberbailey8241 2 жыл бұрын
Won't these loan consolidation companies help? Why hasn't he at least entertained that option?
@j.wilkerson1905
@j.wilkerson1905 Жыл бұрын
Man that Dave guys hates debt 😂
@edwinshumaker5849
@edwinshumaker5849 2 жыл бұрын
do you have a good resource to confirm that a person is qualifying for the public service forgiveness?
@DrCellini
@DrCellini 2 жыл бұрын
The problem is there is no resource to actually know that you qualify lol. You can check out requirements at studentaid.gov
@edwinshumaker5849
@edwinshumaker5849 2 жыл бұрын
@@DrCellini Could you tell me the percentage difference from what you saw between academic vs private practice IR salaries? I unfortunately will be in the 500-600k area when I complete (medical school high tuition) so I am just trying to find out what my options would be. Thanks
@engineered-mind
@engineered-mind 2 жыл бұрын
Who does your vid editing
@Samuel-ew9ui
@Samuel-ew9ui 2 жыл бұрын
Despite the Economic crisis its still a good time to start up an investment.
@andyblazer2123
@andyblazer2123 2 жыл бұрын
Dr. Cellini I was recently diagnosed with Ligma please help me understand what this means
@DrCellini
@DrCellini 2 жыл бұрын
Lol
@andyblazer2123
@andyblazer2123 2 жыл бұрын
@@DrCellini hahaha be honest, you googled it
@jenniferwatts3777
@jenniferwatts3777 2 жыл бұрын
And I have a new baby niece in Australia
@lindadepascale8290
@lindadepascale8290 2 жыл бұрын
Serious investments!
@emperorpalpatine8943
@emperorpalpatine8943 2 жыл бұрын
Hello Dr
@DiegoMartinez-qx8cy
@DiegoMartinez-qx8cy 2 жыл бұрын
Early 🙌
@DrCellini
@DrCellini 2 жыл бұрын
Gang gang
@knightingg8324
@knightingg8324 2 жыл бұрын
Million dollars in debt? Yep this why American doctors treat their patients like business transactions and not with the care they need. In my experience you don’t even see a doctor anymore. They have about three Nurses Or nurse practitioners before you can even see a doctor. Then the doctor comes in and barely touch you at all but will have the nerve to charge the patient huge fees. I find doctors here to be cold. I try to stay healthy so I won’t have to go to any hospitals. This orthodontist should just leave the country, renounce his US citizenship and start fresh elsewhere.
@kasa9884
@kasa9884 2 жыл бұрын
The debt will follow him.
@harvestingseason2725
@harvestingseason2725 2 жыл бұрын
Doc do u game bro? Sick curved monitor
@yahiaosman8938
@yahiaosman8938 2 жыл бұрын
Oh my that is a lot, love the scrubs. Can you please give me a shoutout please
@DrCellini
@DrCellini 2 жыл бұрын
A shoutout? But you are never here early 😏
@yahiaosman8938
@yahiaosman8938 2 жыл бұрын
@@DrCellini I am
@grantjones199
@grantjones199 2 жыл бұрын
Those scrubs are nice
@Jake.Gentry
@Jake.Gentry Жыл бұрын
Dave comes from the generation that was handed everything to them during those times. Millennials and Gen-Z have not had anywhere near the wealth opportunities that Dave’s generation had. It’s not uncommon to be 130k to 160k as a phd student on their path to become a professor and I can only imagine how much it is for dental and medical students with the former probably owing more than 6 figures.
@petertravis4048
@petertravis4048 2 жыл бұрын
He made the choices to go into that debt. No tears here.
@Li-mx7uy
@Li-mx7uy 2 жыл бұрын
YOU should blame SCHOOLS
@kasa9884
@kasa9884 2 жыл бұрын
If you want dentists, orthodontists, maxiofacial surgeons, periodontists, endodontists, and other highly specialized dental and oral medicine professionals to treat your dental/oral health needs or emergencies, then you actually need to confront the dental education and training system that charges exorbitantly high tuition AND doesn't pay dental residents AND charges them more tuition to just receive training.
@jason4039
@jason4039 2 жыл бұрын
Dave has great points but he’s washed up and doesn’t have any new ideas for the changing times. I like him but I had to stop watching
@mariayelruh
@mariayelruh Жыл бұрын
Could 'he' be actually including his wife to be's student debt?
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