5 money tips to consider when seeking your U.S. Dental license [Video]

On this episode of “You Got This” we will be talking about the Cost of obtaining a U.S. dental license and 5 tips that can help ease some of the financial burden.

Cost of obtaining dental license in the United states

 US trained (UT)| Foreign trained dentist (FT)

 | MDI Prep INBDE course (https://www.mdiprep.online/inbde-exam/) | $3,980 
| INBDE exam | $680 (UT) | $890 (FT)
| Bench prep course | $4,500 | $4,500 | 
| ECE evaluation | $170 (FT)
| CAAPID application (20 schools) | $2,564 (FT)
| CAAPID editing and assistance |   | $750 (FT)
| Travel Visa application |   | $160 (FT)
| Airline travel |   | $1,500 (FT)
| Dental license application | $450 everyone same price
| TOEFL exam |   | $190 (FT)
| Dental Preceptorship |   | $25,000 | not mandatory
| Total cost |   | $40,154 maximum cost | $5,924 minimum cost | average cost $10,000

According to Student Planner website: In 2019-2020, 5.2% of all first-year U.S. dental school students were international students. And these students represented an even higher 6.6% of all graduates.

Despite their condensed lengths, international dental programs can still be expensive. And non-resident students often have fewer U.S. funding options.

The five (5) funding tips

1.     Start with finding money you don’t have to pay back

a.     Scholarships, grants and some family. Popular grants for international students include the Fulbright Foreign Student Program (https://foreign.fulbrightonline.org/about/foreign-student-program) and the AAUW International Fellowships (https://www.aauw.org/resources/programs/fellowships-grants/current-opportunities/international-project/) . I will attach their links in the podcast description.

b.     Unfortunately, most foreign students aren’t eligible for federal Direct student loans. But there are a few exceptions. For example, if you’re a permanent resident (i.e. you have a green card), you are eligible for federal aid.

2.     Choose programs that will decrease your living expenses

3.     Private loans – Refinance loans at a lower rate after you start your dental practice

4.     Temporary work as a dental assistant or create an LLC (https://youtu.be/6PoKl2nR3fs)

5.     Find a financial sponsor

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