Category Archives: New Dentist Finances

ADA advocacy highlights from 2017 include issues affecting new dentists

From repealing burdensome Medicare regulations to working to include dentistry in the various pro-business tax reform provisions, 2017 was a busy year for the Association’s Washington office, according to ADA News. Here are some of the key advocacy issues the ADA addressed in 2017: For the dental practice Medicare regulations: The ADA worked with the Centers for Medicare… Read More »

Managing debt and wealth: Basic budgeting

Budgeting your income can prepare you to effectively manage your student loan debt, leaving you with more options during your first years as a practicing dentist. Follow these key strategies and build a foundation for financial success. Track your spending — Count every penny you spend, and think of every borrowed penny as five. Budget based on actual… Read More »

Laurel Road: 2018 rates offer student loan refinancing savings

ADA members refinancing their student loans through Laurel Road may save more money with new rates that went into effect in the new year. The new rates for fixed terms are as low as: 3.50 percent, five years; 3.95 percent, seven years; 4.50 percent, 10 years; 4.99 percent, 15 years; and 5.15 percent, 20 years. New rates for… Read More »

Sharing your dental office space

There are many reasons why a dentist may decide to share their office space. For a practice owner, sharing office space may offer additional income from underutilized space. The lessee dentist will save on the cost of purchasing their own office and equipment. A leasing dentist may also benefit from working in an area or locale with a… Read More »

Manage debt so it doesn’t manage you

Personal and practice financial management is a vital part of building a successful career in dentistry – and allowing you to lead the life you imagined. ADA.org/MyDebt is the go-to place for new dentists to learn facts on debt, budgeting tips, and student loan refinancing – which can save you tens of thousands of dollars. In fact, on… Read More »

Federal options for paying off debt

Looking for ideas on how to pay off your student loans faster? Here are some federal programs available to new dentists. The National Health Service Corps offers loan repayments and scholarships for dentists who practice in Health Professional Shortage Areas. For information about the National Health Services Corp., visit the NHSC’s main webpage and search “loans and scholarships”.… Read More »