Speaker 2
seems like the student loan issue has been improved a little bit. So for me, I wasn't a citizen during my dental school, so I couldn't apply to any federal loans. All my loans were private at the time. There were there was a couple of loans. Yeah, loans.
Speaker 1
Oh, you loans? Was that the private
Speaker 2
ones? No, it was citizens bank. Citizens bank? Yeah. So they were one of the few that would give me a loan because I wasn't even a green card holder at the time. It was a temporary protected status is what it's called. So anyways, they gave me loans, but then the pandemic hit. And for everybody else in my class, there was no interest occurring for three years. And there was no payment for two years after dental school versus me where I was getting that basically $50,000 extra payment. No, so I started repaying that loan right away. It was 345, I believe, when I refinanced. But it was incorporated into my budget from the get-go. So every month, 2,540 comes out of my paycheck into loans. And honestly, it's fine. I get paid enough to be comfortable with that. It would be nice to not have that payment, but it's the cost of doing business. Other options would be that I didn't have any other options. There was nobody that was going to pay for school. So people complain about loans all the time, which I get. But in other parts of the world, there isn't loans for you to take. Anyways, now that they have quite a few programs now that pay as you earn, it seems like is a good one, my friend, went to the same school. He's in the same practice here in Phoenix. He made the pay as you earn that you pay $750 a month, essentially. So there's different ways that seems like this is the student loan issue has definitely reached the maximum it could be at. And now there is actually, you know, political moves to try to get it somewhat under wraps.
Speaker 1
Well, the schools, and I watched two private schools here, and I know the deans. I know the founders. And they both told me that what blew their mind is you could raise tuition $10,000 a year and not even have a dent in your applications. So the demand for dental school, med school, law school is so high incentives matter. They have no incentive. Hartland, I mean, Hartland Midwestern and in AT still, they could raise their tuition to do a 150,000 a year until the class.
