The Office of Student Financial Aid is committed to advising students to borrow wisely so that defaults are kept to a minimum. Default impairs the borrower's credit worthiness and the university's access to low-cost loan funds.
We recommend that borrowing be limited to essential educational expenses. Since loans are a receive-now, pay-later form of aid, it is easy to overlook how much repayment will cost. Accurately projecting your earning potential and total repayment obligation is an essential component of wise debt management. To assist you in making this projection information is provided on average borrowing and starting salaries Marquette law and dental students can expect upon graduation. Graduate students' loan and salary information is not included since the variance between programs is so great.
|Class of 2016||Average Loans Borrowed||Average Salary|
|Law||$ 142,601||$ 83,797 *|
|Dental||$ 235,076||$ 201,920 **|
* Source: Employment for the Class of 2015, Selected Findings, National Association for Law Placement (NALP).
** 2014 Average net income for Independent General Dental Practitioners less than five years after graduation. Source: ADA, 2015 Survey of Dental Graduates.
The interest information below is general. Important factors such as capitalization, forbearance and deferment have not been included. Our purpose is to help you become aware of the need to plan carefully in view of the costs associated with student loans. For detailed information and debt management counseling, contact the Office of Student Financial Aid.
*** Other repayment plans and calculators available on the Federal Student Aid website.
For more information on loan repayment see Marquette's 1-2-3 Guide to Tracking Your Loans
The American Dental Association also offers some guidance on issues such as Financial Planning, Managing Student Finances, and Loan Repayment.
The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.
FAFSA School Code: 003863
Questions or for more information, contact the Office of Student Financial Aid