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The Plight of One Dentist and Their One Million Dollar Education Loan Financial Obligation

The Plight of One Dentist and Their One Million Dollar Education Loan Financial Obligation

A story that is recent prominently into the Wall Street Journal highlighted the plight of just one dental practitioner who’s got accrued significantly more than $1 million in education loan financial obligation – without much chance of ever repaying it.

To blame the Journal explained is the high price of dental college tuition and student that is rising rates of interest.

Journalist Josh Mitchell, an economics reporter into the paper’s D.C. bureau, composed that Utah orthodontist Mike Meru is certainly one a lot more than 100 individuals in the usa whom owe at the very least $1 million in federal student education loans.

Even though the typical pupil debtor owes $17,000, information through the Education Department show that approximately 2.5 million individuals, almost 6% for the borrowing pool, owe at the least $100,000.

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