Dental School Financial Aid 101, What 2026 Grad PLUS Changes Mean for You

In this webinar, Juno breaks down the major changes to dental school financing beginning in 2026, when the federal Grad PLUS program will no longer cover the full cost of attendance and annual federal borrowing will effectively cap at $50,000. With average dental school costs around $130,000 per year, most students will need private loans to cover the remaining $70,000–$80,000 annually, or roughly $300,000+ over four years. The session explains how private student loans work, including credit score thresholds, the importance of having at least three years of credit history, and why most students choose long repayment terms while in school. The presenters also cover budgeting strategies, loan application timing, and how refinancing after graduation can reduce rates from roughly 7–8% during school to around 5.5–6% once you are working. Finally, Juno explains its collective bargaining model, which has helped 95% of graduate students find their best available rate and supported over $1 billion in student loans. 

Watch full video here: https://youtu.be/iR4IKcR-xyg
 

What changed for dental school loans starting in 2026? 

For students entering dental school in 2026 or later, federal loans will no longer cover the full cost of attendance. Federal borrowing effectively caps at $50,000 per year, meaning private loans are required for most dental students. 

Should I still use federal loans? 

Yes. For most students, the federal Direct Unsubsidized loan is still the best option for the first $50,000 per year. Any remaining cost is typically covered with private loans. 

How much do dental students usually need to borrow? 

A common estimate is about $130,000 per year. With $50,000 coming from federal loans, many students need $70,000–$80,000 per year in private loans, or roughly $300,000–$320,000 over four years. 

What credit score do I need for private student loans? 

Many lenders require a FICO score around 660–680 to qualify without a cosigner. Rates tend to improve significantly around 720–730 and above. 

Does credit history length matter? 

Yes. Many lenders want to see at least three years of credit history in your own name. Being an authorized user on a parent’s card may not count for some lenders. 

Should I use Credit Karma to check my score? 

No. Credit Karma shows a VantageScore, which most lenders do not use. You should check your FICO score, which is often available for free through Experian or American Express. 

Do I need to reapply for loans every year? 

Yes. Both federal and private student loans are applied for annually. Each year comes with its own interest rate and loan terms. 

Fixed or variable rate, which is better? 

Nearly all dental students choose fixed rates. A fixed rate stays the same for the life of the loan, while variable rates can change based on SOFR and are less predictable. 

What repayment option do most dental students choose while in school? 

Most choose deferred repayment, meaning no required payments during school and often during specialty programs. Interest still accrues, but optional payments can be made at any time. 

When should I apply for private loans? 

A good rule of thumb is about 30 days before tuition is due. Applying earlier is allowed, but schools typically certify loans in the summer. 

How does refinancing work after graduation? 

Once you have income and are working, you can refinance your loans into a new private loan with a lower rate and a new term. Many dental graduates refinance from roughly 7–8% down to about 5.5–6%, and refinancing removes cosigners if you qualify on your own. 

What is Juno and how is it different? 

Juno is not a lender. Juno groups thousands of students together and negotiates discounted private loan rates with lenders. In 2025, 95% of graduate students found their best rate through Juno, and Juno has supported over $1 billion in student loans. 

Does it cost anything to use Juno? 

No. Juno is free for students and is paid by lenders, not borrowers. 

Transcript
First of all, thank you guys so much for joining us and a huge congratulations to you, all of you, if you found out three days ago approximately that you got accepted into your schools.

I don't have the reaction hands on here, but I would give you a round of applause because I know that that's been so stressful for the last several weeks. And I also give you bonus props for taking a financial aid webinar literally three days afterwards. So double props for that.

We are I'm super excited to kind of talk through, I'm not gonna say boring stuff, but super important things for what do we do next.

So, anyways, Nikhil's in charge of this, so I'm just gonna tell him to, like, hit next when we're ready for this. But if you have any questions or anything, like I said, like Nikhil said, we'll put them in the question and answer. If you have something in the chat, we're gonna kinda monitor and go through it while we're talking today. And otherwise, we'll have time for questions at the end as well too. So, alright. Let's do this.

So this is just like a quick disclaimer that we put in front of all of our webinars, but we're not actually gonna like tell you how to do your student loans. We're just gonna give you some advice and such. So we're not an advisor or financial planner or anything like that. So that's just just for giggles, I guess.

Alright. So here's our agenda. Ideally, we keep this short and sweet. I know it's like the beginning hopefully, the beginning of Christmas break for you guys.

And we will get into the federal changes, what private loans look like private student loans look like, a little brief talk about budgeting, how we can help you, and then the question and answers that we got for you guys. So if you have your phone, if you're not joining this from your computer or from your phone, you have the ability at any time to schedule a one on one consult with myself, with Nikhil to basically answer any of your questions if you leave this unsure about or you still have questions that are answered, unanswered. So oh, perfect. You put it in the chat for us.

So you can click on it. You can book with one of us. We'll help walk you through any questions that you might have and such. So that's my first little plug through here.

Keep that in mind as we go through this if there's something that we don't answer tonight or something that might be personal to you that's not applicable to everybody. So alright. Oh, look. It's our best selves.

Look at us in our fancy headshots. Obviously, my name's Melissa. I am the director of the dental students here at Juno. So I work specifically with all of the pre dentals and everybody in school as well as residency, basically trying to coordinate what your journey looks like through dental school. So my, I guess, resume, I was a communications director for the ADA. I've spent a lot of time in dental marketing as well. Previous to this job, I worked in AI health tech.

My husband went to UOP, and we were married before that. So we just paid off all of our dental student loans last year. So I feel uniquely qualified to understand the frustrations and the concerns and everything that is happening when you take on five hundred plus thousand dollars of student loans all at once. So with that being said, Nikhil, do wanna introduce yourself really quick? I feel like you could do that if you would like to.

Absolutely. Nikhil, honestly, I have no idea why I'm in this business. I used to be an engineer at Boeing, and then I was on my way to business school, and I was like, there's no way these student loans are this expensive.

So Juno was founded really as a you you'll hear about the story a little bit later. Right, Melissa? But, you know, it's basically about figuring out how to get the most affordable version of something that we end up needing to get through our education. So we'll talk more about that. But, yeah, my background is in engineering, which is kinda interesting.

But, yeah, back to you.

Alright.

Actually, is it back to you or is it back to I think I think that you're actually the next person to talk about this.

So Mikhail's gonna go through the changes that are happening and shifting from last year to this year with the federal student loans First. So you can take it away again.

Thank you.

Alright. So with that, let's talk about federal changes. So this is the old news, which is actually good news, which was, you know, you have two federal loan programs, one called the direct unsubsidized, one called the Grad PLUS, and everyone who enrolled before twenty twenty six, they could use this for the entire cost of attendance. And the structure of these programs were honestly, you know, they were kind of expensive from an interest rate perspective, but there were a lot of other features that made them attractive. Now, the challenge is that option no longer exists for students who are entering their dental programs in twenty twenty six. Okay? So for most students, the only option they have from the federal government caps out at fifty thousand dollars.

So if you need to borrow more than fifty thousand dollars per year, right, you have to look outside of federal student loans. Now you might get scholarships and things like that, and that can obviously help.

But most people are gonna be looking at a private student loan to where in previous years, they might have looked at the federal grad plus loan program. Okay?

And the private market is just a little bit more complicated, so we're gonna talk about those things quite a bit in this discussion.

The thing to know about the federal unsubsidized loan is for most people, that is a great choice for the first fifty thousand dollars that you need per year. Right? So, really, a lot of the discussion about, like, choosing where to get your loan from is like, okay. Let me get my first fifty thousand dollars from the federal unsubsidized program.

And then whatever else I may need through a loan, let's try to find a private lending option for that. Now in some cases, it may make sense to, you know, get get a private student loan for the entire balance, including the first fifty thousand dollars that you need, but those tend to be relatively fewer situations. And we can talk about those in sort of in one on one sessions. If you get, for example, exceptionally low interest rate on your private student loan, which is possible, about twelve twelve, thirteen percent of people get, like, a four ish percent, which is, like, half the federal rate.

So in some cases like that, it might make sense. But for, I would say, a large majority, it probably doesn't make a ton of ton of sense. Okay.

Now how much might you need? Now, obviously, this is super personal. Right? But just as a quick averaging medians kind of thing, you know, let's say average dental school is around a hundred and thirty k for each school. It's gonna be different. But let's say for average to one thirty k, you borrow fifty k from the federal, eighty k, really the majority might be coming through a private loan option. So it's important you get this decision right.

And over the course of four years, that could be, you know, essentially three hundred twenty thousand dollars in in funding. Now there was a question that appeared and disappeared. I don't know where it went, but they asked about, like, is there an annual cap as well as a lifetime cap? And that is true. So I don't have the numbers here on the slide, but the when you borrow through the federal program, there's the annual cap, which is this fifty thousand, but there's one more cap. I wanna say it's two hundred thousand dollars for dental school.

So if you have a five year program, for example, or if you're going into one of the postgraduate programs, you may end up running into that cap. But if you're doing d one, d two, d two, d three, d four, you'll hit the cap, but you'll still be okay.

Okay.

So, you know, just as an example, over the four years, you're borrowing, like, five hundred thousand or you need around five hundred thousand. Right? You might get some scholarships.

To be fair, in dental school, there's not those many scholarships from our understanding, but, you know, there there are some cases where you might get a scholarship.

Family and friends may you know, you might have savings or if your family might contribute towards it, and that can help. But really oftentimes, dental students are using a heavy portion of federal loans and come in the future, you know, twenty twenty six onwards, also private loans.

Okay?

Okay. So with that, let's talk about private student loans. Hopefully, you know, in the few slides that I already shared, we can establish that, you know, twenty twenty six onwards, private student loans are kind of required in the landscape to get to get it done.

So then you might be wondering, okay, how do private student loan work? You know, for federal, you give me the interest rate right up front. Right? Probably most people qualify, which is true.

Private is a very, very different situation. The first thing I'll say is there's not, like, one formula anyone can give you for private student loan rates and eligibility because every single lender comes up with their own algorithm to figure out, hey. Do we want to give a loan to this person? And if so, what interest rate do we want to charge them?

So it does vary literally lender to lender. And so everything I'm talking about now is sort of a broad you know, it's a broad brush approach towards helping you gain an understanding of what the lenders care about.

Right? So just if I just put it as a list, you know, they care about your credit score. They care about how long of a credit history you have, which I think is a big point to talk about for dentists. We'll we'll talk about that in a minute.

Some lenders care about debt to income. Other lenders may not care about debt to income as much, and they all have nuances associated with that.

Cosigners, especially in the situations where you're not able to qualify by yourself, cosigners can help.

And interestingly, timing of application. We'll talk about that for a second also.

Finally, terms of your loan. So with a federal loan, you there's just one loan. Right? With a private loan, what you really get is a menu of options, and you have to decide which specific one you want. So we'll talk about some of those choices as well. Okay?

So for credit score, the first thing I'll share is there are some websites that will give you what's called a vantage score. Right? If you if you wanna go and check, okay, what's my credit score? Right?

You might go to a website, for example, the most popular one I know is called Credit Karma, and this one shows you a number that's called your VantageScore. Right? And I would encourage you to not utilize this number because it's not the number that the lenders are using. Most lenders are using what's called a FICO score, and there are websites that will give you your FICO score. I checked a couple, and I found that American Express and Experian are both showing users their FICO score for free. There's no charges to look at your FICO score. So make sure when you're looking at scores, you're looking at the right score because there's many different models out there for calculating a credit score, and the one that matters is a FICO score.

The second thing you might be wondering is what's a good score? Right? And, obviously, the higher, the better. Right?

I'll say from an eligibility perspective, many lenders have a cutoff around six sixty or six eighty. Right? So if you have a score below six sixty or below six eighty, you may not be getting approved unless you have a cosigner. Okay?

So if you're trying to qualify by yourself, which many folks in dental school do unlike undergraduate, you you likely want to confirm that you have a credit score that's, you know, higher than six sixty, six eighty. We often see rates get much better around the seven twenty, seven thirty mark. So if you're in that category, you know, the rates tend to improve compared to being at, like, close to the cutoff, six eighty, six ninety. And then from there, the higher, the better.

Right? So that's how I would sort of, again, broad strokes describe rates and eligibility from a credit score perspective. Okay?

There's a great question in the q and a talking about what's the average rate. So I can share for twenty twenty five, the average rate we saw was roughly seven and a half percent. Actually, Melissa, you have you have more information about that. Right? So I'll I'll let Melissa cover that later.

But the the next question, which I think this is like the gotcha thing, because a lot of people know about credit score. They're like, oh, yeah. I have a I have a strong credit score. I should be good. Right?

The thing that sometimes gets dental students in particular is making sure you have three years at least of credit history.

And the key thing here is that those three years of credit history should not be coming from, what you may call it, a credit card that is in your name per se, but because you're an authorized user of someone else, for example, a parent. Right? So the credit card is really in the parent's name, and then you become an authorized user. That some lenders will not count that towards length of credit history.

What they really care about is, are you demonstrating that you have been, you know, good with your credit? Now if you've done some borrowing in undergrad for a student loan, oftentimes, that's gonna count. And if you did that in your very first year, that might get you, you know, clear of this criteria. But if you didn't do any borrowing in your undergrad, it can help a ton to make sure you open a credit card.

And as soon as possible would be the answer over there because, you know, you're gonna be applying for loans in few months from now.

And in some cases, it might help to have a couple of credit cards because if I'm thinking about different lenders' criteria, they all are a bit different. And some of them may have a criteria that says, hey. I want you to have, you know, a credit line, whether it's a credit card or a student loan or something else, for at least three years. Some others may say, I want you to have more than one.

Right? And that's why it can be helpful to have two credit cards. This is not an encouragement for you to go, like, open a credit card and spend a lot of money on it. The act we are talking about here is just, like, opening the card and keeping it your name.

And after that, honestly, could cut up the card and throw it away if you wanted to. Right? Or if you wanted to spend responsibly and pay it off every month, that's totally fine too. What you absolutely do not want to have is a late payment because you went and got a credit card.

Okay?

I hope that's helpful.

I I think we are answering some of the questions that Danila is asking. Danila, thank you for these great questions.

Typical terms for private student loans. So I said with federal student loans, it's interesting that you just get one choice. Right? Here's my federal student loan. That's kind of it.

With private student loans, it's much more like a menu of options. Right? So you could select a fixed rate or a variable rate. You could select one of these different loan terms, which is, you know, how long you have to pay pay back the loan.

And as repayment plan, which really refers to how much money you're paying while you're in school versus out of school. Now the most common situation we see for the repayment plan is what's called a deferred repayment plan, which is saying, I'm not gonna make any payments while I'm in school. The first time I'll make a payment is six months after school. And for those of you who might go go into postgraduate program or, like, dental residencies, Is that a fair word to use, Melissa, dental residency?

Yeah. I think we normally call them specialties, but they are like residents within them, but, yeah, into a specialty program, basically.

Specialty program. Okay.

So if you go into a specialty program, oftentimes you're deferring the loans while you're in the specialty program as well.

So deferring just means you're not making any payments during that time, but interest continues to accrue. That is kind of the same as the federal loans.

Rate type, fixed versus variable. So that's an interesting one. I'd say right now, we see, like, ninety nine percent of people are taking a fixed interest rate loan.

And what is the what what does it mean to be fixed versus variable? Right? When we say fixed, what it means is when you sign the loan agreement, there'll be an interest rate on that piece of paper, and that is going to be the interest rate for the life of the loan. Right? So that's a fixed interest rate loan. A variable interest rate loan means that the interest rate can change periodically, sometimes once a month, once a year, depends on the exact lender that you're borrowing from.

It's not that the lender can arbitrarily decide that, hey. This month, I wanna charge Melissa six percent. Next month, I wanna charge her ten percent. It's not arbitrary. There is a index.

It's usually called SOFR. And as the rate of that index changes, based on that, you know, they set the new interest rate each month or each year depending on what schedule they're reevaluating the rate on. So like I said, though, most people are selecting fixed. The federal loans are also fixed.

That's just what people tend to gravitate towards. Finally, long term, I think that's a much more interesting discussion, especially especially for dental students who might be borrowing a considerable sum over the four years. Right? So just as an example, let's say you're borrowing around three hundred thousand dollars over four years.

The average interest rate on that, I made a few assumptions over here. And the reason why you see the you know, you might be asking, Nikhil, why didn't you just assume the same interest rate for all of these options? It's because, generally, the longer the term, the higher the interest rate, but the lower the monthly payment. And for that reason, we often find many dental students will will be picking something like a fifteen year loan option, Right?

Even though the ten year or the five year might be more affordable from an interest rate perspective, a seven thousand dollar monthly payment immediately after graduation is not affordable. Right? So then the you know, you pick a longer term loan so that you have a much more affordable monthly payment.

The other thing you can do after graduation is refinancing of the loans. And at that point, you can get the interest rate knocked down quite considerably.

Just as an example, today, the average refinancing rate we are seeing for our dental clients is around five and a half, six percent. So you there is an opportunity to reduce this interest rate after graduation. But during the time you're in school, oftentimes, are picking a longer term to make sure the monthly payment is affordable in case they are not able to refinance it soon after graduation. Okay?

Now I I will say this this math is not taking into account the federal student loans. The repayment calculation on the federal student loans is a little bit you know, it there's a sort of the standard repayment plan, but there are also other repayment plans that you can opt for that make that much more affordable. Melissa, do we have a, like, a average number that people might pay towards their federal student loans soon after graduation?

I don't think that I have that off the top of my head, to be honest with you, but I can find it.

But it's pretty low. Right?

Yeah.

Yeah. So it it yeah. This is really the big number that, you know, you you often think about while you're optimizing when you're selecting the loan term for a private student loan. Okay?

I think it's helpful to talk about typical timelines here. Right? So and I'm I'm gonna you know, this timeline really applies to one of these three repayment plans. Again, I'm gonna focus on the deferred because that's, again, the most common one we see with dental students.

Let's say you start in August. Right? You're gonna have your first disbursement in August. You'll have your next disbursement probably in January when the next semester starts and so on. You'll go on for four years having roughly eight disbursements of loans.

You'll graduate six months later. Right? And then this this period called the grace period. The grace period is basically another six months six to nine months, depending on which lender, where you don't have to make payments.

And then finally, after that, that's when you sort of start making these monthly payments once a month for twenty years till you pay off the loan or fifteen years, however long of a period the loan term that you selected. Right? Could be ten years if you've signed up for a more aggressive repayment plan.

So that's kind of, you know, the very common. Right? If you do a residency or a specialty, right, then you're also gonna add in that time, and you're gonna defer during that time as well. Okay?

So let's talk about a few things. Right? The first thing I'd say is I spoke about it towards the start of the section that you should really be shopping around and comparing different lenders. And Melissa will make that point even more clear because she has a slide that shows us doing the shopping around and showing the differences between a few lenders.

Applying too late, right, it's kind of you want to apply roughly in the summer and make sure you have enough time to do that shopping around and finalize your loan. Broadly speaking, we suggest around thirty days before the the tuition is due. That's when you wanna do your loan applications.

I'll also add that it's hard to be too early, but but there is a point of time at which it becomes too late.

And I also add, you know, we say thirty days, but in reality, a lot of students get their loans done within a few days, like two, three days.

But we say thirty days to make sure you have time to react in case you're amongst the small portion of people that run into some kind of trouble. Right? And then you have a little bit of time to make adjustments.

And finally, you know, when you get a rate from a lender, don't just assume that's your best option. Continue shopping around because different lenders are gonna give you different rates. And finally, not planning across all four years. Right?

So sometimes it's tempting when you see loan options, and let's say you see a five year loan option for eighty thousand dollars for your first year. Right? And it's at five percent interest rate. You're like, oh, let me take that one.

Right? But you're not doing the math of like, wait a second. If I do this for four years, my monthly payment is gonna be too large. Right?

So we really encourage you to think about across four years, at the end of four years, where do you need to be, and make sure you're selecting a long term that aligns with that. If you're only borrowing twenty thousand per year because you have amazing scholarship or something else, that's a different scenario. Right? You might take a very short, long term. But if you're borrowing the max amount, full cost of attendance, you're often, you know, working on the longer loan terms.

There's some great questions here, Melissa. Do you think we tackle some of those?

I was just gonna ask you if you wanted to dive into just, like, a little bit of the refinancing since that was kind of a question about how to go about doing that. Absolutely.

The way you go about it is give us a call when you're about to graduate. Okay. So we we do offer refinancing as well. So, you know, we we can definitely help you with that.

The way it works is once you have a job offer in hand, right, or have actually started working and you have pay stubs, that's the best time that's the earliest you can refinance. So if you're trying to refinance while you're still in school, that's not gonna happen. If you're trying to refinance while doing a specialty program, that's still not gonna happen. But once you started working and you have a income, that's usually the first time you can qualify for refinancing.

So the way it works is you apply for a refinancing loan.

They'll give you a new interest rate. You'll have the option to select a new loan term if you want to adjust how fast you're paying back the loan.

And then this new loan, if you accept the terms, then the new loan will pay off the old loan. You no longer have the old loan, and you just have this new loan. So that's conceptually how refinancing works. It's pretty straightforward. We we do it all the time.

So we have someone on our team, Joe. He's guided thousands. I won't say tens of thousands, but at least thousands of dental and medical students through the refinancing process. So he can help you. He'll do a one on one session with you and just walk you through it. So, yeah, we can help you with that for sure.

Okay. A couple questions of when should we start applying for federal and private loans? Is there a difference between applying times for both of those?

Great question. So for the federal student loans, you wanna start with the FAFSA. Right? So you don't really apply for federal student loans.

It's gonna work out through the financial aid office. But the main thing you want to make sure you do is fill out the FAFSA. Right? So please reply in the chat if you're not aware of the FAFSA or if you haven't done that before.

We're happy to help with that as well. But the main responsibility you have with regards to federal loans is fill out the FAFSA. And then when the school sends you the financial aid award letter, oftentimes it's included in their financial aid award letter, and you may have some steps to do, for example, entrance counseling or signing off a master promissory note, MPN, to accept the federal student loan. Okay? So that it's a relatively straightforward process guided by the financial aid office of the school.

In terms of I'll from from my experience with the dental school, we like, the money does not go into your account.

You literally go in the financial aid office, sign your life away, and then the money goes directly to the school for the federal one. So you really don't have anything to do with it other than paying it back, essentially. So, yeah, like like Nikhil said, it should be super easy. It should be straightforward for you. You can look it up on your school's website, like, where to go to find the FAFSA that you need to fill out for it.

Yep. Just to clarify, the FAFSA itself, you can fill out on the on the government website.

Yeah. Sorry. I meant, like, the link for it if you're on your school's website, but, yes, that's what I meant. Yeah. Thank you for clarifying.

Cool. Now interesting question here. So if I start in August, what's a good amount of time in between in between? Probably, like, I I assume that Andrew, I assume the question is how far in advance should you apply?

I would say roughly one month ahead of time for private student loans. I would also say you could apply now if you wanted.

You know, there there's no there's nothing like like to like, if you've been admitted to the program, you've paid your deposit, you you for sure, you know you're going. Right?

You could try to apply now. The only challenge with applying now is the the loans go through what's called a certification process. So what is certification? Certification is simply a step where whoever you're borrowing from and the private lender that you're borrowing from, they're reaching out to the school, asking the school to certify the loan.

And, basically, the school is saying to the lender, yep, Melissa is attending this dental program, and she's not borrowing excessively, she's not borrowing more than the cost of attendance from all the sources that she's getting a loan from, you have a thumbs up to give us this money on x y z date. Right? So that step is called certification, and the schools may not be ready to do certification right now. Usually, the schools do certification in the summertime.

So that's so you might end up in a situation where you apply now, your loan gets sent for certification to the school, and then nothing happens. You're just gonna wait until the summer, and then the school certifies the loan and everything goes through. But, yeah, I I I don't think it's a bad strategy. I just want you to be aware that you might be in this weird limbo period of just waiting.

Right? But it still locks in your interest rate. You're still you know, all the loan terms are finalized. It's it just waits for certification, so you could definitely do it right now.

Any other questions, Melissa, we should tackle before we push forward here?

No. Manuel asked a great one about some of the best loan programs, but I feel like we'll talk about that in a little bit so we don't have to go out of order with that one. So we'll get to it. I'm not ignoring it.

Yeah. Us with evidence coming soon. Yeah.

I did see one question I wanna answer. So Danila asked, can rates change from year to year with private loans, or can you get them fixed? Great question. So when I was saying fixed, the loan is the loan that you take at that moment of time is fixed, right, if you choose the fixed interest rate option.

It does not mean that the next loan you take will be at the same interest rate. By the way, that's also true for federal student loans. Federal student loans update the interest rate each year. So for example, this year, the unsubsidized was close to eight percent.

The the grad class was close to nine percent. But the year before that, it was different. The year before that, it was different. Every year, it's different.

So there's a formula that the government uses to calculate the interest rate each year, but it's the actual rate is different each year. So federal or private, you're gonna very likely end up with a new interest rate each year unless by coincidence you get the same number, but it's quite unlikely.

Yeah.

Okay. Here's here's a question that I'm gonna bring up that isn't on here, but I think it might be helpful. Do you have to go can back each year and reapply and resign private loans, or do you get to keep that fixed rate the entire four years that you're through there? So you're saying that it's gonna be different every year because you have to re up it?

Correct. And for private student loans, every year, you're gonna submit a new application.

And every year, you're gonna get quoted a new interest rate. And every year, you're gonna sign a loan document. And it's kind of the same actually for federal loans. You loans are really federal law, private are done one year at a time. There's no real method to do loans multiple years at a at one shot.

There's a good question here.

Can it literally be, like, hundred dollars per month for the repayment while in school option? It's a great question. So I kind of I kind of just, like, hand waved over it, so maybe I'll go back and talk about it because there's a question about it.

So when I when I I kept talking about the deferred repayment plan, and anonymous attendee is really talking about one of well, one of any of these plans.

So under deferred, you're not obligated to make any payment towards your loan, but you can choose to.

Most lenders today do not have any prepayment penalties. Right? So this is a question you can ask of the lender that you're gonna take a loan from, but I would be very, very shocked to see any lender in today's day and age have a prepayment penalty. And as long as they don't have a prepayment penalty, nothing is stopping you from making a dent in your loans at any point of time that you want.

Right? You could borrow a hundred thousand dollars today. Tomorrow, you could log in and pay off eighty thousand dollars if you wanted. Right?

That there's nothing stopping you at all.

The fixed repayment plan is basically usually like a twenty five dollar per month or a hundred dollar per month commitment. Right? Twenty five, fifty twenty five over fifty is the most common numbers people use, lenders use.

So now you're obligated to pay twenty five dollars per month. Right?

But, again, you can choose to pay more if you want to. Right? So for example, if you thought, hey. I can afford to pay two hundred and fifty dollars a month.

Right? No problem. Select the fixed repayment plan that's only gonna cost you twenty five dollars per month, right, and pay two fifty. It's still gonna help reduce the overall interest that's accruing.

It might even affect the principal depending on the loan amount and so on. Okay?

Alright. So tips for improving your chance of getting a great rate. So I think we spoke about this at the top, but just to confirm it. Right?

Get your own credit card. Not authorized user on someone else's card, your own credit card. Right? Get your credit score as high as possible.

And here's the trick. On those credit cards, keep your balance as low as possible. Zero dollars if you can. Right?

Like and I'm not talking about, like, I use my card and I pay it off each month. That still means you have a balance.

If you use your card and you paid off before your statement generates, so when the PDF statement that is on your credit card website that shows, like, a balance of zero dollars, that's okay.

Perhaps the safest thing to do is, like, couple of months before you're applying for a loan, just stop using the credit card. Right? All your credit cards. That'll get your utilization really low, and it can help your credit score pop. Okay?

Don't do a hard credit check just before applying. Right? When you do your loan application, you will end up with one hard credit check at least, but don't, you know, rack up a bunch of hard credit checks just before applying. That can move your score down. It usually doesn't move it down, like, dramatically. It's zero to five points is what I've understood, but every little bit helps.

And, ultimately, think about a cosigner if you're not able to get the loan by yourself.

Okay? With that, Melissa?

The fun part. You guys, we only have a couple minutes left on here, so I'm gonna run through it. We're almost to the part where we'll raffle off our Grubhub gift card. So don't stress.

We're almost done. This is I'm gonna say not the fun part, but this is the part where we gotta take, like, a little bit of accountability of what we're doing and put it into our future. So if you do not budget, if you do not do that right now, I'm gonna try and make your life a little bit easier, but also we need to be a little bit more aware so that we know what amount of loans we need to be taking out. So hit it, Nikhil.

Every school that you have applied to has a cost of attendance listed on their website. If you've gotten accepted to multiple schools, this is something for you to look at and take into account before you decide your school. This is just like a side note for this.

But on their website, they're going to publish basically what their total cost is gonna be and then broken down per year. So tuition fees, rent, living expenses, etcetera. The maximum that you can take from a private and federal loans is what the cost of attendance is for your school. So you can't just go in there and say, I need five hundred thousand dollars of student loans when your school only costs three hundred and fifty. They're not gonna be like, oh, yeah. That's totally fine.

So you need to know exactly how much money you're going to think that you need to you're going to need.

Typically, a school is gonna be like, no. This is the thing across the board. This is the cost of attendance. Figure it out.

Find something else to make this work. However, there are extenuating circumstances where your financial aid office might be able to help you. So for my personal experience, we my husband went to University of Pacific. Pacific's cost of attendance and their living expenses in particular in San Francisco were based off of shared housing.

So living with a roommate.

Obviously, we were married and had a kid. Shared housing for us was not going to work.

So we went back to the financial aid office and said, hey, our cost of attendance is gonna be higher because we can't fit this shared living expenses criteria right here. So hours became adjusted for that. It's pretty rare for a financial aid office to make exceptions. They're not gonna do it because you have a car payment or cell phone bills or other things that you're personally paying for.

It's gonna be like extenuating circumstances like this. So if you need to, go back to them and say, hey. I need this adjusted, but you need to have documentation. You need to, like, show the expenses and stuff to make sure that that they can approve it.

So take that into account when you're assessing what school is gonna be the best fit for you moving forward. So alright. Next. If you're not on your phone, you can scan this QR code, and we've created this budget.

Oh, yes. Look. Mikhail's putting the links in here for me. This budgeting calculator that will basically help you figure out how much loans that you need to have.

I think you need to have your email to sign up for it, but we'll also include the links in the email post to this as well. So basically, what you're gonna do is you're gonna estimate your expenses. If you have not and you are not estimating your expenses right now as you're going through school, now's a great time to start. There's plenty of apps that can automatically, like, go through your bank accounts and your credit cards and sort out how much you're paying for everything.

Estimate those, estimate the funds that are available to you and if you're gonna be earning anything during dental school.

Most of the time people are not because they just literally don't have time to do that. But if you got a side hustle, love that. Then it's gonna help you calculate your student loans and how much you actually need. So we do put in this, like, don't forget to keep an emergency fund.

Having done this, I can say I didn't have an emergency fund. You should. That's a responsible adult thing to do.

So, again, put that estimate that in your expenses, even, like, a thousand dollars if your car breaks down and gets a flat tire or something like that, that's gonna make or break what happens to you while you're in school. So take that into account.

Next slide is kind of like a brief woah.

We're getting wild doing.

Sorry.

Just like a brief screenshot of what the calculator looks like for us or for you. So it has the multipliers. Everything's kind of automatic should automatically calculate for you when you put your dollar amounts in there. So go back to that cost of attendance and everything that's on the website, put that in here, put what your typical expenses are, and then it should tell you, like, you your general program estimate. Compare that to what the school's offering you, and then you need to assess, am I gonna make it with these loans that I can take out or am I gonna need to supplement this with something else? So take that into account, figure out what you need, find a side hustle or a parent, or cut your expenses so that it matches what the cost of living and cost of attendance is. So, okay.

Now on to the fun part. How can I help you? How can I make this easier for you? How can Nikhil and I make figuring out your student loans easier. If you got through this and you were like, I don't actually know how to do this still, I'm gonna take that off your plate for you. So, next slide, sir.

Mikhail, as he mentioned, he's the co CEO, the cofounder. Basically, he did this experiment with himself and our cofounder back in twenty eighteen where, basically, he decided, hey. I need to figure out how to get cheaper student loans. They went to all of their classmates and said, hey. Let's all work together. See if we can go to a lender and see if we can get cheaper interest rates because we have a big group of us. That obviously was back in twenty eighteen.

As you can tell by, you know, putting things on Facebook and everything, like, we're old school like that.

And now you can see seven years later, we have helped over we have over two hundred and thirty thousand members and done over a billion dollars of student loans for medical, dental, law, MBA, etcetera, etcetera. So our goal is to advocate on students' behalf with lenders to get lower interest rates. So we're not a lender. We do not offer student loans or anything like that.

Our job is basically like, how can I make this the most affordable way for you to do school as possible? So the way that we do that is essentially grouping everybody together. So normally, you would be reaching out to somebody ask like, what are the best loan programs? So there's so many out there.

There's like College Ave, Laurel Road, Ernest. You can search graduate student loans, and there's gonna be a million of them that pop up. And what you would normally do is you'd be going to each of these individual lenders applying. They're gonna give you their different rates, etcetera, etcetera.

What we do is we create, like, a group of dental students. Then we will take you to College Ave and Laurel and Ernest as a group and say, hey. We have this many. We have a hundred and fifty dental students that want this.

They will come back to us and say, these are the interest rates that we want to offer these students. And then we'll take that back to you and you can make the choice on which one would work best for you.

So with that being said, I'm not entirely sure it's on the next slide, so hit me with that. There we go. So with with our group, we use collective bargaining to basically on help on a wide gamut of things. So get lower interest rates, broaden your eligibility criteria, get better deferment policies, especially again, you're going into specialties, loan limits terms. We do the no interest income requirement, like with the cosigners. And then Juno specific, we do a rate match guarantee and best in class service, aka myself and Nikhil will be here to always answer your questions if you have them.

So again, we put that, like, QR code in the beginning. We have that a link over here as well. Like, if you have any questions about your own personal stuff, you can ask us, and we will help you figure out what works best for you. Now most of the time when I say this, people are like, where is the catch?

I don't understand how this works. So as a business model, we make money off of the lenders. So we do not make money off of students. So our services are, have been, and always will be free for students.

Our goal is basically to get as many students together and then make more money off of the lenders giving you guys money. So you do not have to commit. You don't have to use the loan options that we negotiate. But the more people that we go to the lender with, the lower the interest rates are.

So essentially, it's like working together collectively for the same goal, basically.

Next one. And thing. Go for it. Yeah.

The the product that ends up on Juno, like, you go to join juno dot com and you apply for your loan through our website, you could end up with a lender that you may already know of. But because you're a Juno member, you get a lower rate.

So that's just, you know, one of the big benefits is it's not just, like, identifying who's the best lender out there, but actually creating something that's better than what may already have been the best lender before Juno.

Back to you.

Correct. Love it. Okay. So in case you're like, I'm not actually sure if that's a real thing, I can show you what we did for our graduate programs this last year. So last if you wanna hit me with the next slide.

There we go. So you can see our interest rates that we got in comparison to the Grad Unsubsidized and the Grad PLUS. Obviously, those gonna be a little bit different this year since we're not gonna have those to compare to. Right? If we go back I mean, we're not gonna go back to the very beginning of the slides, but the Grad PLUS origination fee was what? Four percent?

Four point two. Yep.

Four point two. Yeah. So then we don't have the origination fee on top of that for your private student loan. So that cuts off a huge chunk of money even as it is.

Then if we go to the next slide, you can see what we did with I Nikhil mentioned earlier that we tested this with a bunch of different lenders to see how the eligibility and stuff would work. So you can see on this lovely little bar graph that we've created. So we tried this with an applicant that had an eight hundred credit score. So excellent credit score, no cosigner, had an eighty thousand dollar income. And still with that, they only they had four lenders that they didn't even qualify for a loan for.

Then we had three lenders where the interest rates were still super high between nine and ten percent. And then the ones that we were partnered with were the same ones, but their interest rate was lower between seven or six point nine eight and seven point seven eight. So our goal moving forward is to always make sure that the rates that you are offered are less than what you would be getting if you were to be applying by yourself with the same lender. So next, please.

Oh, yeah. Okay. So here's our rate match guarantee that I mentioned briefly. So if you find a lower rate on Ernest's website or Laurel or whatever, we will match it and give you one percent cash back for it.

We are always like, we want you to feel like we are on your side in finding the best thing because, again, we're not making any money or we're not a lender off of this. I'm not gonna pick the best one that I think is gonna be the best fit for you. I want you to find and feel like you have the best fit.

So you can find out more info about that if you would like to, but we're pretty confident, and it has been successful for the last almost ten years, that the rates that you're gonna find with us are going to be significantly lower than what everybody else is offering you. So with that being said, next slide, sir.

This is the process for this. And we have a QR code slash link at the end for you if you're like, how do I sign up? How do I join it? Whatever.

I'll give that to you in just a second. So this is the process for us. So from now until the end of April, we have as many dental students as possible sign up for the negotiation group. So however, like I said, a hundred and fifty, ideally, we're going for way more than that because, you know, if we have seven thousand dental students apply for this, it's gonna the interest rate that we get is gonna be much better than if we only had a thousand.

So, basically, we get as many together as possible, then we will go to the lenders on May first and say, hey. Got seven thousand dental students. They're gonna talk amongst themselves. And then on June first, we're gonna bring it back to you and show you the offers that you have.

So right now, we have about thirteen thousand graduate students that have been doing this. And then we're adding to that literally every single day. And we have, you know, over three hundred fifty million dollars worth of loans, which is actually crazy when you think about how much money it costs to do a graduate program, but that's a conversation for another day. So, anyways, last slide here.

I know we're like basically out of time. So the next one is basically just what my goal is for you. Like I said, I'm the head of dental students. So my goal is to basically lower your loan cost as much as possible, increase your eligibility.

So if your credit score is not perfect, then we can get you still included in this group. Extend your deferment period. So if you're gonna do a residency, you're not having to pay back then, make you have zero fees for it, and then ray match you if you find something else. So that's my personal goal as that dental student.

I'm not gonna say extraordinaire, but that's what I'm going for. Anyways, so and then the last one, I think it's just the QR code. If you wanna sign up, feel free to. If you have any questions that you want to ask us, again, take the links that we have here and I can answer them. If you have any questions right now that are not listed in the q and a, now is your time if we haven't addressed anything. Otherwise, we can do Nikhil, do you wanna do our Grubhub's real quick?

If you magically win our Grubhub giveaways, which I know all of you are here for because you want some free food before you go on holiday break, put your email actually, no. I'll just write it down and I'll grab the email from the list. Never mind.

Yeah. Should I just like pick a name?

Yeah. Yes. I think so. So we have I think we said five of them. So go through the five of them.

Five. Okay. Yeah. I'm gonna do this five times. So I'm just moving my mouse over the, like, thing.

Push the Jerasia.

So how are we gonna do this? We're just gonna write the name down and email them later?

Or I'm gonna write it down right here.

So Alright. Second name, Kendrick, n k a m.

Kendrick.

Love it. I'm so excited for you guys. I'll message you guys after this, and then we'll get you taken care of. Isabella Rocha.

Isabella.

Andrew can't win twice. Josephine, o e I. How many names did I do?

I think you need one more.

You need one more. Zachary Slomovic? Alright. I wish we could do like balloons or something.

I know. Like, where's our reactions? I'm sure we have reactions on here, but maybe we actually, I don't think we do have reactions on here. Okay. So Josephine and Zachary.

Okay. Do you guys have any other questions?

I think the last one that we have oh, Angie asked, is it better to stay on the full private loan amount upfront rather than dealing with one loan? I mean, we kind of addressed this that you're gonna have to do it every year. They're never gonna give you the full amount right off the bat because they don't want you to blow it and not actually go to school. So do you wanna talk about the process maybe, Nikhil, if you Yeah. Do it through us just really quick?

Absolutely. So a very common approach over here is you submit an application for the loan, the first year loan. Right?

The school is going to you apply for the loan. You get approved. You see the interest rates. You're like, okay. I like this. You sign the loan documents.

I'm making it sound long. All of this can happen in, like, fifteen minutes.

And then the the certification thing we spoke about, the lender and the school are talking to make sure everything's good.

The school will tell the lender what the disbursement date is, which, by the way, tends to be one date for the whole school. Right? So and on that date, the lender is gonna send the money to the school, not to you. Even if you're borrowing for living expenses, all the money goes to the school.

And then some of the money after the school is like, I got my tuition. Right? They're gonna they call it a refund. They're gonna refund to you whatever's left over.

Right? So and that you use that money then for rent, groceries, anything else you need for your living expenses.

Was that the question, Melissa?

Yes. Okay. Oh, I also I we this is not, like, something that we're professionals in, but I wanted to talk a little bit about the health services scholarship whatnot. So from my understanding, it still covers even with the big, beautiful bill changes.

It covers all four years of your dental school. You are generally required to do one year of service in the military per year that they are funding. From my research, it does not look like that is capped at the two hundred thousand. It looks like it's just the entire year of of all your of your program.

Obviously, this is not my area of expertise.

So, look into that yourself.

However, if you would like to go into the military, like I said, like I mentioned, I think I responded back. You still have to do boot camp. You still have to, like, do some of the army aspects. You can't just, like, show up and be a dentist on a base and just, call it good. There are definitely criteria that you need to do that for. So if that's of interest to you, it will cover all of your student loans. You will just be required to serve for however long you are in there for.

Okay. So and that will cover the full amount of your thing. So it's not just the two hundred dollar or two hundred thousand. It is the years of school.

They also give you, like, I think, like a stipend. Again, not my area of expertise. Don't take what I'm saying as doctrine. Please do your own research from that for that.

But it does not it's not related to the big beautiful bill in terms of, like, criteria that it's pushing. So if you guys don't have any more questions, feel free to hop off. We will again, we'll send you the link for this and the webinar that's recorded. You can send it.

If you have any questions, hit me or Nikhil up.

And the loan programs, Manuel, you can go are you talking about federal ones or private ones? If you're talking about private ones, you can go through there's this variety of lenders. Yeah. Like Sallie Mae.

There's a variety of lenders that you can go to. They will be fully dependent on your own, like like we mentioned, your own personal history, etcetera. So you're gonna have to do your own research for that. If you want us to, we can do it for you through Juno. But there's Ernest, there's Laurel Road, there's Sallie Mae, there's College Ave.

What other ones are there, Nakaeil? You know them better than I do.

Nelnet Bank, Citizens.

The it's kind of like a laundry list. Yeah. There's a bunch of credit unions.

Broadly speaking, like, I would just go to Juno first, right, and then see the rate that you get and make sure it's attractive, obviously.

For most people, that is gonna be the best rate that they can find. This is a statistic. In twenty twenty five, ninety five percent of grad students at Juno found their best rate at Juno. Right? So there was only, like, five percent of people who found a better rate outside of Juno.

Yeah. So we we obviously I mean, this is kinda weird because it's, self promotion. Right?

But you should join Juno today. Right? You should go to join juno dot com. You should sign up on the website today.

Even if you're gonna apply for a loan later, you should sign up today. Because by signing up today, you're helping us bring down the rate. Right? The more number of people in the group before we need to do the negotiation, the better we can do in the negotiations and reduce the interest rate.

I'll also share that, you know, in twenty twenty five, about fifteen percent of all private graduate student loans happened through Juno. Right? And this is an organization without, you know, a ten million dollar marketing budget or something like that. Right?

This is purely grassroots effort.

More than fifty percent of members hear about us from another member. Right? So most of the time, it's just like classmates talking to each other and saying, hey. You need to be signing up for Juno so that all of us can get a lower rate.

And so we we encourage you to do that. Angie's asking a question like, does the group need to be from the same school? No. Absolutely not.

One otherwise, the school would do it. Right? If if if it's just one school at a time negotiating, the school could do it. But no. This is across dental programs in the US.

That's really what we would like love to see is a ton of participation from dental students across, you know, all all incoming d ones.

That's what's gonna make this extremely successful just just as it has been in previous years. Right? So since twenty eighteen, every single year, we've been successful in getting, like, a very large portion of the group, the best possible rate that they could they could find.

Alright. So Julie asked when will we be contacted by Juno to start the process? Do I have to schedule an appointment? Like, what's the flow that happens once you sign up?

I I don't think I don't even know if I have permission right now to contact anyone on this webinar. May maybe we do. I don't remember exactly. But what you want to do is sign up on join juneau dot com, put in all your information, and we're gonna send you right now, the communication from us is pretty light.

Maybe, like, once a month, we'll send you an email saying, like, hey. This is the progress we've made on the negotiation. This is the size of the group. Hey.

Can you please ask your, you know, classmates to join the group, etcetera?

And then around May right? I'll go back to the timeline slide you had.

Around May, that's when we really start increasing the amount of communication coming your way.

The I know some people start in July, some people start in August. Right? We actually have an option available today. Right? And that's gonna be stay available.

Basically, there's never a point of time where you can't get a loan at Juno. Right? So if you fill out the form on join juno dot com and you say, like, hey. I'm gonna need a loan right now.

You are gonna be presented with options, and you can utilize those options at at any point of time. What the thing that changes on June first is that the next set of deals that's meant for the incoming class in fall twenty twenty six become available. But even before that, if you feel like, hey. I wanna get this sorted out, you can totally use basically last year's deal that started on June first twenty twenty five and goes through May thirty first twenty twenty six. You can all you can use that if you need a loan before June first.

And you don't have to schedule an appointment. You don't have to meet with us or do anything. You can do this all yourself unless you wanted to meet with us, and then we're happy to help walk you through the process, but you don't have to.

And then the other question was, how can I communicate to my potential cosigner how this will affect them if they help me?

Great question. Yeah.

So one, we are happy to be involved in that conversation. So if your cosigner feels like, hey. I want a third party that's expert in this field telling me what happens to my credit, etcetera, we are happy to be there for that conversation. This is a very useful tool on a website on many websites. The websites I know that have them American Express, Credit Karma.

I wanna say SoFi has a version of this, but it's called a credit score simulator. Right? And what your potential cosigner could do is, like, go to the simulator, indicate, hey. What happens to my credit score if I get a student loan of eighty thousand dollars?

Right? And they can see the impact of that on their credit score.

It might be surprising, but many times it's not like a big disadvantage to get a loan. Right? Sometimes you can actually improve your credit. Sometimes it can make no difference. Sometimes it can be slightly negative. It it's not like just because you got a loan, suddenly your credit is worse. Right?

The the more interesting impacts, I would say, are what's called the debt to income ratio calculation. And this is oftentimes a consideration for people who are getting a mortgage or auto loan or student loans like we spoke about.

So that what happens is that loan, now that it shows up on the credit report, right, adds to the DTI and could make it tougher to for them to get the next loan. Right? Now if they've already bought a house or something, this may may this might make no difference.

That being said, if they haven't bought a house yet or they're thinking about a new car purchase or something like that, what they can sometimes do, not always, sometimes do is speak to the mortgage officer and say, hey. This is a student loan that I cosign on. I'm not the primary borrower. And by the way, the primary borrower is the one making the payments.

Here is the primary borrower's bank statement showing the monthly payment going from their account, not my account. Right? And that's often a convincing argument to a mortgage officer to not impact that person's DTI due to this additional loan on the credit report. From a legal perspective, I have to say the cosigner and the primary borrower are equally, jointly, mutually like, they are responsible. Right? It's not like, I'm responsible, and they are responsible after me or no. It's equal responsibility.

Both of you signed, like, the similar documents, etcetera.

Everyone is not everyone, but both the people are responsible for paying back that loan. So but, again, happy and I think the other question that people have is, I'm happy to do this, but I don't want this on my credit report forever. And the answer to that is refinancing. Right?

So once you graduate, dental students tend to be a good candidate for refinancing at pretty attractive rates. Like I said, Joe and our team, he's the expert, I feel like, in the country on this topic, and you can speak to him. Your cosigner can speak to him and understand, like, okay. When I graduate, what can I do?

And he can give you an understanding of the likelihood of qualifying for refinancing.

You guys So just to clarify, when you refinance it, the cosigner gets taken off of the loan so that it's only in your name?

Correct. When you refinance it, basically, you're taking a new loan that's only in your name because now you have the income to qualify for it. Right? So you take a new loan only in your name, which pays back the old loan, and the old loan shows as paid off on your cosigners report and your report, and now there's just a new loan.

We didn't really talk about refinancing at all on this because there you guys are not quite at this stage for that. But like we said about having how the interest rates may change every year be depending on where what the year is. That's when the refinancing will be good so that it kinda will take the an average or a lower version of those. If it's like six, eight, seven, ten, or whatever, you'll combine them all together and then refinance it so that it's just one interest rate across the board and not just four individual ones.

So it would be beneficial for you moving forward to think about that after dental school. I did not know that that was an option. We definitely I I would not consider myself to have been particularly financially literate. So now in hindsight, we should have done that.

We probably could have paid it off way faster than the ten years that it took us. But so keep it on the back burner for the future.

Alright. Last when I apply every year for a loan, I have to make sure my same cosigner is on board or can it change?

You can change it every every time you if you wanted, you could apply in the same year. Let's say you need eighty thousand dollars you're gonna say, cosigner one, let's do forty thousand together. Cosigner two, let's do forty thousand together. I wanna do twenty thousand by myself, forty thousand with a cosigner, you know, mix and match all you like. There's no constraints over the year over year or even within the same year.

Love it. Alright.

Does anybody else have any questions that they wanna ask us before we're done? I'm impressed with you guys powering through on here to everybody that is left. Thank you for joining us. I hope that this was helpful and perhaps gave you some insight. Again, if you have any questions, let us know and we're more than happy to answer them for you. We'll send you a I'll send you a follow-up email after this so you can just reply to it if you have anything.

And we appreciate you guys hanging out with us. We're gonna do another one of these.

Well, we're gonna do a be doing a lot of these, but we're gonna be doing another one of these in January. Again, for again, pre dental students, etcetera, that have no idea what's happening. So hopefully, this eased your fears a little bit with the private loans and that we were able to kinda give you a little bit of guidance.

And I don't know. I don't have anything else. Nikhil, do have anything you wanna add before we sign off?

I think this was pretty awesome. Just thank you so much for the engagement of all of the questions.

I don't remember how many people we had. I think we're, like, sixty, seventy people, and we had, like Yeah. Seventy. Questions. On here. So, like, every other person on average asked a question. That's pretty cool.

Love it. Thanks, guys. Have a great rest of your night. Happy holidays. And again, congratulations on getting accepted. We're so excited for you. And let us know if you need anything from us.