Key Points
- A dentist showed over $1.2 million in student debt in a viral TikTok post, drawing attention to growing graduate school loan burdens.
- An estimated 100 borrowers owe more than $1 million in federal student loans, with dental and medical programs among the costliest.
- Forgiveness through Public Service Loan Forgiveness (PSLF) or income-driven repayment plans remain the most realistic ways to manage or erase balances this large.
A dentist recently shared a TikTok claiming he owed $1,232,420 in student loans. While the video turned out to be a joke, it highlighted a key problem - there really are doctors, dentists, and other graduate school borrowers with over $1,000,000 in student loans.
According to some reports, more than 100 borrowers owe over $1 million in federal student loans. Many of them hold graduate degrees in medicine, dentistry, or law, fields where the cost of graduate school can spiral quickly, and be in addition to undergraduate borrowing.
The video may have been a joke, but the numbers can be real. And so is the question: how does someone end up owing more than the price of a home before turning 40?
@smilewithseb How am I supposed to pay this off??😩 It’s a joke, but this is really what dental school tuition really feels like nowadays😅 #dentalschool #dentalstudent #dentist #dentistry #dental #predental ♬ Lil Phoebe x Melodica - sanilovesmusic
How Graduate School Debt Can Grow So Large
For students in dental and medical school, borrowing six figures is routine. The American Dental Education Association estimates that the average dental school graduate carries more than $300,000 in student loan debt. This doesn’t account for accrued interest, which can grow balances significantly during school and deferment.
Federal Grad PLUS Loans, the primary borrowing tool for graduate and professional students, come with high interest rates. For the 2025-26 school year, the rate is 8.94%.
Unlike undergraduate loans, graduate loans do not have annual borrowing limits. Students can borrow up to the full cost of attendance (including tuition, housing, and living expenses) which can exceed $100,000 annually at private universities.
A borrower who finishes dental school with $400,000 in loans could see that balloon to over $600,000 with interest by the time they begin full repayment. Add in years of income-driven payments that don’t keep up with interest, and reaching $1 million becomes a real possibility.
Paths To Student Loan Forgiveness
Federal student loan forgiveness programs are one of the main paths for borrowers with balances this high.
Public Service Loan Forgiveness (PSLF) remains the most powerful tool. It requires 10 years of full-time work in a qualifying nonprofit or government job while making 120 on-time monthly payments under a qualifying plan. After that, any remaining loan balance is erased.
Dentists working in community clinics, non-profits health centers, or academic institutions often qualify.
Income-Driven Repayment (IDR) plans like IBR offer an alternative. These plans cap payments at a percentage of discretionary income and forgive the balance after 20 or 25 years, depending on the plan and loan type. However, recent policy discussions could change the repayment options available.
A borrower making $100,000 a year might pay $600 to $900 monthly under an IDR plan, amounts that may not even cover the interest on a million-dollar balance. But after 20 or 25 years, any remaining debt would be forgiven.
Other Options
Private student loan refinancing could reduce interest rates, but comes with serious trade-offs.
Once federal loans are refinanced, borrowers lose access to PSLF, IDR plans, and federal deferment or forbearance options. For borrowers who plan to aggressively repay their loans and don’t work in public service, refinancing may reduce total interest paid.
A dentist with high earnings in private practice could attempt to pay down the balance aggressively, putting tens of thousands of dollars toward principal each year. But doing so requires a strong income, minimal lifestyle inflation, and still a long repayment timeline.
Ballooning debt may also push some toward unconventional financial planning, such as working abroad, early retirement tactics, or banking on eventual loan forgiveness. These approaches come with risks and uncertainties.
What This Dentist (And Other Grad Students) Should Do
Anyone with a six- or seven-figure balance should take several steps:
- Know your federal loan types and balances at StudentAid.gov.
- Determine PSLF eligibility based on employer and job title.
- Evaluate income-driven repayment options using a student loan calculator.
- Submit an IDR application or PSLF Employment Certification Form if eligible.
- Avoid private refinancing unless completely forgoing federal protections for a lower interest rate.
Even though the viral post was tongue-in-cheek, it reflects a real financial reality for many graduate borrowers.
The takeaway isn’t just sticker shock. It’s the need to plan smartly, lean into existing repayment programs, and understand what forgiveness options are still available, before balances grow even larger.
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Editor: Colin Graves
Robert Farrington is the founder of The College Investor and is widely recognized as one of the nation’s leading voices on student loan debt and saving for college. He holds an MBA from UC San Diego Rady School of Management and has spent over 15 years researching, writing, and advising on student loans, 529 plans, financial aid programs, and saving and investing for young professionals.
Robert has been featured in the The New York Times, The Wall Street Journal, The Washington Post, NBC News, and Forbes, where he has been a regular personal finance contributor for over a decade. His work combines both professional expertise and personal experience – he successfully navigated his own student loan repayment journey and has helped thousands of readers do the same.
He is committed to making the intersection of personal finance and education transparent and accessible. You can learn more about Robert on the About Page or on his personal site RobertFarrington.com.