Here are some questions and detailed answers about Student Loans and Financial Aid asked during Apply Smarter webinars. We also covered questions and answers about veterinary school application and veterinary income. “What is a “standard” amount of financial aid offered by vet schools? I know it varies a lot, but would you say it’s easy […]
Apply Smarter Q&A: Student Loans and Financial Aid Read More »
Here are some questions and detailed answers about Veterinary Income asked during the Apply Smarter webinars. We also covered questions and answers about veterinary school application and veterinary student loans. “I’ve heard that it is very tough to have a job while attending vet school? Is it because the program is intense?” Yes, the curriculum
Apply Smarter Q&A: Veterinary Income Read More »
CARES Act federal student loan relief explained! — UPDATE, April 30, 2020 — Since VIN and VIN Foundation held a free webinar to explain how the recent CARES Act and the Department of Education guidance on student loan relief for federal student loan borrowers impacts veterinary student loan borrowers, we have had several questions come in. The most common
COVID-19 Impact to Your Student Loans Read More »
HOW TO KNOW IF OR WHEN YOU SHOULD REFI YOUR FEDERAL STUDENT LOANS Managing your veterinary student debt can be as emotionally charged as managing patients. But, in finances as in medicine, the best decisions are evidence-based. The bombardment of marketing campaigns encouraging you to refinance your federal student loans into a private loan(s) can
Should I Refinance My Federal Student Loans? Read More »
Many borrowers believe the student loan forgiveness is only open to those working for a non-profit. Anyone with federal student loans can be eligible for forgiveness, regardless of who they work for.
Student Loan Forgiveness: Taxable or Tax-Free? Read More »
We have run thousands of student-loan repayment simulations for veterinarians in an effort to help them navigate their student loans and repayment options. The results have shown for situations where student debt exceeds income, the most flexible and financially beneficial repayment strategies are counterintuitive.Contrary to conventional wisdom, loans with shorter terms and lower interest rates don’t necessarily
Employer Assisted Student Loan Repayment Benefits for Veterinarians Read More »
A small, but significant change to the Department of Education (ED) updates Income-Driven Repayment (IDR) Plan Request was made in 2019. The IDR Plan Request form allows you to apply, renew, or update your student loan payment using Revised Pay as You Earn (REPAYE), Pay as you Earn (PAYE), Income-Based Repayment (IBR) or Income-Contingent Repayment (ICR) for
Applying For or Renewing Your Income-Driven Repayment Plan Read More »
“I was looking at the income-driven repayment plans, and the Pay As You Earn (PAYE) option seems like it will cost me the least amount of money. However, everything I read online says that the income-driven repayment plans cost you more money because although they lower your monthly payment, you ultimately pay more interest in
How Income-Driven Repayment Works: The Math Read More »
Here are some questions about Income-Driven Repayment (IDR) that we tackled live during the 2019 New Veterinary Graduate Student Loan Repayment Webinar. “Do we have to select a repayment plan every year or will we stay in the first one by default?” If you do not select any repayment plan you will be placed in
New Grad Student Loan Questions and Answers: Income-Driven Repayment (PAYE, REPAYE, IBR) Read More »
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