1. Oral Surgeon. Even with a relatively high salary, oral surgeons typically graduate with a large student loan burden. The debt has a significant effect on their professional and personal decisions for decades to come, according to the American Association of Oral and Maxillofacial Surgeons.
Dentists' debt-to-income ratios worse than other health workers. Though school debt consistently exceeded income for healthcare occupations -- except for physicians -- between 2017 and 2022, dentists had the highest debt-to-income ratios. The study was published in the American Journal of Pharmaceutical Education.
Analysis of the debt share in the U.S. shows that people aged 40-49 hold the largest amount of debt at $4.21 trillion in total. People aged 50-59 have the most credit card debt in total at $0.21 trillion, and people aged 30-39 have the most student loan debt at $0.5 trillion.
Doctors typically carry a lot of student debt. According to the Education Data Initiative, on average, physicians graduate with about $241,600 in debt, dentists with $292,169, and veterinarians with $183,302, which can take a considerable amount of time to pay off.
In general, the majors that often lead to less post-graduation debt are certain STEM fields (like Engineering, Computer Science, or Health Sciences), because these fields often have high starting salaries, which could make it easier to pay off any loans you take out for your education.
Mortgage debt is most Americans' largest debt, exceeding other types by a wide margin.
Key Drivers of the National Debt. What is causing the growth of our national debt? There are three primary drivers of the overall growth in spending: America's aging population, rising healthcare costs, and rapidly escalating interest costs.
Anesthesiologist — $302,970/$145.66 per Hour
All that time and effort pay off, however: Anesthesiologists top out as the highest-paid profession in all of America, at $302,970 per year on average, making them by definition an overpaid career.
They avoid debt
In fact, 73% of millionaires surveyed in the US have never carried a credit card balance,1 while 56% of active credit card accounts in the United States currently have a balance. One big exception is mortgages, and even some of the super-rich use mortgages when buying their homes.
Students who major in liberal arts, performing arts, and theology earn the lowest annual median salary ($38,000) five years after graduating college, according to a new study by the New York Federal Reserve. The study looked at median annual income for 75 different majors right after college and mi-career.
Which country owes the most debt to China? Pakistan owes the most debt to China, totaling $26.6 billion. This debt primarily funds infrastructure and energy projects, making repayment particularly challenging due to commercial interest rates. How much debt does Angola owe to China?
The highest dental salary in the US is the salary of a dental anesthesiologist. oral and maxillofacial surgeon.
The American Association of University Professors reported that in 2019, the typical student loan debt for law school graduates was $145,500, while in 2020, medical school graduates carried an average of $208,000 in student loan debt. Note that these are just figures because people have very different amounts of debt.
As the majority of dentists with student debt (~70%) have federally backed loans, most will take the full federal loan repayment term (10 or 25-30 years) to repay their student debt.