A quick glance at the listing on a national dental website tells you what you need to know about how to get your teeth into the dentist’s office.
“This is the first finance-only financing of your dental career,” it reads.
The financing is available to any dentist in the United States who has graduated from a community dental program, or has already secured a state-issued loan.
“If you have dental insurance, this is the perfect option for you,” says the loan agreement.
“If you do not have dental coverage, the first financing you need is the state dental plan,” says Debby DeSoto, CEO of First Financial Group.
Dental students are eligible to apply for the financing if they are enrolled in a state dental program and have graduated from one of six dental programs accredited by the American Dental Association.
It’s a one-time program, and students who have already secured dental insurance will need to pay $15,000 to $20,000 out of pocket, depending on their financial status.
“We are the first national finance-oriented dental school, so we feel we have an opportunity to do something to help people who have dental problems,” says DeSotos.
Dentists will pay the $15-plus-deductible fee to finance a student’s dental work, as well as any out-of-pocket expenses that the student incurs during the term of the loan.
The school will also pay the first $5,000 of each loan after the first term is over.
DeSoto says the dental school is taking a risk in lending the student dental insurance and that the initial loan is being funded by First Financial.
“They’re getting a loan that’s going to last forever, and it’s going toward dental insurance,” she says.
The dental program offers a wide range of services to dental students.
It also has a dental school that can teach you about dentistry.
“The goal is to get you to a level where you have a career in dentistry that is rewarding and that you’re proud of,” says Dr. David Fenton, a dental officer at the First Financial dental school.
“We’re not going to just provide a dental education and then say, ‘You’re done here.'”
Dental insurance is a relatively new practice in the U.S., but it is already a popular choice for many young people who are looking to diversify their financial options.
In fact, according to the American Academy of Family Physicians, the median annual income for a dental student is $33,000 in the first year.
But, the average cost of dental insurance is $2,900 per year.
The program is available for dental students who are already enrolled in an accredited dental program.
To learn more about the dental program at First Financial, go to www.firstfinancialgroup.com.