Category: Residency
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Five Financial Things You Should Do as a Resident
Residency is without a doubt a busy time. From clinical responsibilities to research to sleep to maintaining sanity, things are not always easy. That being said, a little time spent here and there on financial education can vastly improve your chances of achieving financial independence as early as possible. Read more
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Why You Should Open a Roth IRA as a Resident
Between long hours, research commitments, studying for boards, and whatever other obligations you may have as a resident, saving for retirement probably isn’t at the top of your list. The Roth IRA, however, is the best option you have as a young resident before entering a much higher tax bracket after residency. In short, the Roth…
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How Much Money Should I Budget for Residency Interviews?
If you’re considering applying for residency, fourth year of dental school is not cheap. From application fees to score reports to transportation to attire, costs can readily pile up. As such, it’s crucial to budget appropriately and plan ahead for residency interviews. Let’s run through a basic calculation to see how exactly the costs add up.…
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4 Year vs 6 Year OMFS: A Financial Perspective
Whether to apply for 4 Year or 6 Year OMFS programs is perhaps the biggest question facing would-be oral surgeons. Previously we looked at the major differences between the two types of programs. Often times, applicants automatically place the dual-degree residency above the shorter residency without thinking through the real economic costs. From a financial perspective, 4 Year and 6…
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4 Year vs 6 Year OMFS: The Age-Old Question
One of the biggest questions facing aspiring oral surgeons is whether to apply for 4 Year or 6 Year OMFS programs. While strategies may exist from an application perspective, there are some significant differences between the two. From a financial perspective, 4 Year and 6 Year OMFS residencies could not be more disparate. Before we dive…
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Most Dental Residencies Charge Tuition
Everyone knows that medical residencies pay their residents a stipend. Sure, it’s not a glamorous amount given the eight plus years of post-secondary education. But don’t forget that an average medical resident salary of $56,500 is approximately that of the average American household income. The vast majority of dental residencies, however, charge exorbitant tuition. And from the…