Figure 4
Dental student debt has soared since 1990 from an average of just over $50,000 to almost $250,000 in 2013 (Figure 4). These increases far exceed any inflationary trend during this period. Although higher, the rate of increase at private dental schools has been similar to the rate of increase at public dental schools. A major cause of this increase in indebtedness is shifting sources of dental school revenue. Driving this change is the dramatic decrease in the funding of dental schools by the states. In 1989, revenue from state sources accounted for 52.2% of total revenue for all dental schools. These funds shrunk to only 12.5% of revenue in 2012. The decrease in funding from the states is not unique to dental education but has affected all of higher education. Dental schools have been forced to raise revenue from other sources to compensate for this loss. For example, clinic revenue accounted for 15.6% of all revenue in 1989 and 20.1% of revenue in 2012. The largest increases, however, have been in dental school tuition, increasing from 23.7% of revenue in 1989 to 32.9% of revenue in 2012. The average tuition and fees for first-year dental students in 1989 was $8,867. By 2012, these costs had risen to $41,015. The increases in tuition have shifted the burden of funding dental education from the states to the students, and to a large extent, the increases account for the rise in student indebtedness.
The next article in this series will explore projections for the future of the dental workforce and examine how it has changed over the past half century.
References
1. Source: U.S. News & World Report, 1.23.14
2. http://www.adea.org/uploadedFiles/ADEA/Content_Conversion/publications/TrendsinDentalEducation2009/TDEEducational_Institutions/Documents/Educational_Institutions_Map_files/ADEAUSMemberInstitutions2014.pdf accessed 10/1/2014
Eric Solomon, DDS, MA, is a professor of Public Health Sciences at Texas A&M Health Science Center, Baylor College of Dentistry. He earned his bachelor's degree, master's degree, and dental degree from the University of Maryland. He also completed a general dentistry residency from the University of Rochester, a certificate in conflict resolution from The Texas A&M University System, and a graduate certificate in Geographic Information Systems from the University of Texas at Dallas. He has published over 130 articles in scholarly journals and has frequently been invited to speak on a wide variety of topics related to dental education and the future of dentistry.