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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Resources | Solutions for the Profession Veterinary Student Essay Competition

VIN Foundation Announces 3rd Annual Solutions for the Profession Competition

Third annual essay competition provides veterinary students with an opportunity to shed light on the impact of practice consolidation within the profession.

The VIN Foundation is excited to announce its third annual Solutions for the Profession Competition. The essay competition this year asks veterinary students to share their views on the impact of practice consolidation, both positive and negative on the profession.

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Student Loan Interest Rates and Repayment — Don’t listen to your parents!

Veterinary educational debt is a complex and continually evolving topic impacting all colleagues, not just current students and new graduates. A recent Merck Animal Health study named student debt as the biggest stressor reported by colleagues. That study also indicated that fewer veterinarians are recommending the profession as a career choice.

 

Practice owners hire indebted associates, more seasoned associates work alongside indebted associates. Given the magnitude of this issue — many call it a crisis — and the fact that the gap between veterinary educational debt and income continues to widen, most colleagues are coming to recognize that saying “It’s not my problem” is no longer an option for any of us.

 

It’s not surprising that most borrowers, their parents, other advisers and even the leadership at veterinary schools and organizations struggle to understand the topic and various options for managing the debt.

 

Seeking a lower interest rate or paying more towards loan payments almost always makes sense when managing traditional debt, such as a mortgage or business loan. However, it often results in higher monthly payments, reduced flexibility, or a higher total repayment cost when managing veterinary student debt.

 

Tony Bartels and I have made helping colleagues understand and manage their student debt a focus (some call it an obsession) over the past six years since Tony graduated with and married into Federal educational loans exceeding $400,000.  In recent years the VIN Foundation has taken this on as part of its mission to help colleagues in all stages of their careers from pre-veterinary candidate through retirement.

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog | Exciting Enhancements to Veterinary Cost of Education Map

Exciting Enhancements to Veterinary Cost of Education Map

Interactive map provides long-desired true-cost view of attending veterinary school

Developed to help pre-veterinary students make better informed decisions when applying to veterinary school, the updated Cost of Education Map collates in one place, in one tool, the information individual students would spend days compiling and analyzing.

 

Most pre-veterinary students apply to multiple schools. Costs vary widely between schools and within schools depending on whether the applicant qualifies for a discounted seat based on residency. The Foundation’s goal in generating this tool is to enable students to apply smarter, seeking the high quality education they desire at the most reasonable cost.

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog | Choosing the Best Veterinary School for You

Choosing the Best Veterinary School for You

Choosing the veterinary schools you apply to is an exciting, yet confusing process. Several publications generate lists of the “best” veterinary schools using various criteria. Unlike some other professions, which veterinary school you attend likely won’t impact your future earnings or career options. However, which school you attend can have a significant impact upon the price you pay for your veterinary degree. If you, like most veterinary school attendees, finance the majority of your education with student loans, the amount you borrow can have a major impact upon your financial well-being for decades to come. As you consider embarking upon a career in veterinary medicine, let’s look at how you can Apply Smarter.

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog | VETERINARY NEW GRADUATE STUDENT LOAN PLAYBOOK

New Veterinary Graduate Student Loan Playbook

Graduate, Consolidate, Get Started in Income-Driven Repayment

Congratulations, new veterinary doctors! It’s time to celebrate graduation! It’s also time to learn why and how a Federal Direct Consolidation Loan can help you start your student loan repayment plan ASAP.

VIN & VIN FOUNDATION LEARNING SESSION VIDEO:

If you borrowed student loans to help you through veterinary school, you do NOT want to wait until your grace period expires to get  your loan repayment plan started.  You can benefit from starting a Federal Direct Consolidation Loan as soon as your loans allow.  Let’s look at how you can use your student loan grace period in a financially beneficial way.

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