July 23, 2013
Today’s dental school graduates are facing an ever-increasing debt burden. In 2011, the average educational debt per graduating dental school senior was nearly $200,000. On July 1, the fixed interest rate on subsidized Stafford loans for undergraduates doubled from 3.4% to 6.8%.
This rate increase, if not corrected, would significantly add to the educational debt burden of students entering dental school, and potentially affect career options for many graduates.
Please take 5 minutes to write to Colorado Senators Bennet and Udall by clicking here and ask them to keep Stafford loans at or as close to 3.4% as possible and work on a longterm solution to bring the graduate loan rates down. Showing strong support for keeping student interest rates low is crucial to mitigating the catastrophic levels of educational debt of dental students.