STEPS YOU CAN TAKE NOW AS A VETERINARY STUDENT TO BORROW LESS AND REDUCE YOUR FUTURE STRESS
Paying for your veterinary education is complicated. FAFSA, Direct Loans, Health Professions Student Loans, private loans, family loans, spouse support, savings, summer job — how do you know which loans or resources are best to use now to decrease stress during repayment?
If you’re using student loans to pay for veterinary school, you undoubtedly have applied for or received a financial aid award. This webinar will help you assess your award and Borrow Better for the remainder of veterinary school. Learn to create the best plan for you!
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BORROW BETTER IN VETERINARY SCHOOL 2023 WEBINAR RECORDING
WHAT DOES IT MEAN TO BORROW BETTER?
Avoid the temptation to pay the interest on your student loans while you’re in school. The VIN Foundation Student Debt Education Team often asks students who do this “Where is the money coming from to pay the interest on your student loans?” The most common answer is “my student loans.” You will save more money by reducing what you borrow or returning excess amounts during the 120-day window vs. paying the interest.
- If you have already accepted federal student loans at any point in your educational journey, then retrieve your student aid data file, available when you’re logged into StudentAid.gov. Upload your data file into the VIN Foundation My Student Loans tool by selecting the “I Have Student Loans With More School to Go” option. Once your file is uploaded, you’ll be able to send your current student loan information over to the In-School Loan Estimator and project your remaining costs from there.
- If you have not yet accepted any federal student loans, you can go directly to the In-School Loan Estimator or click the button in the “I Do Not Yet Have Student Loans But I Will” option on the VIN Foundation My Student Loans page.
The helpful three-part student loan series Apply Smarter, Borrow Better and Repay Wiser is part of the VIN Foundation Student Debt Center. The VIN Foundation Student Debt Center is a comprehensive resource helping veterinary students, veterinarians, and those who support them manage student debt through school and beyond. Explore the VIN Foundation Student Debt Center.