Veterinary student debt Archives

VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog | Aspiring Veterinarians Apply Smarter

April 9, 2018 In Apply Smarter, Veterinary resources, Veterinary school, Veterinary student debt By Tony Bartels, DVM, MBA

For the Aspiring Veterinarian — Apply Smarter!

Veterinary medicine is experiencing a student debt crisis. Yes, many higher education graduates experience loan repayment hardship; however the magnitude affecting recent veterinary graduates is unique. Every day I counsel pending and recent graduates through the Veterinary Information Network (VIN) and via VIN Foundation who report student debt balances in excess of $200,000, $300,000 and $400,000 with incomes between $70,000 and $90,000 depending on where they choose to live and what type of veterinary medicine they are pursuing.

VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog | Sharing saves time, income-driven repayment saves money

March 21, 2018 In Veterinary resources, Veterinary student debt By Tony Bartels, DVM, MBA

Sharing saves time, income-driven repayment saves money

Student loan repayment is complicated. With the availability of income-driven repayment options like Income-Based Repayment (IBR), Pay As You Earn (PAYE), and Revised Pay As You Earn (REPAYE), confusion can set in quickly. The VIN Foundation Student Debt Center is here to help! The My Student Loans function and guides you through which repayment plans you can use and the Student Loan Repayment Simulator helps you figure out which plan you should use.

January 30, 2018 In Apply Smarter, Veterinary resources, Veterinary school, Veterinary student debt, Veterinary students By Tony Bartels, DVM, MBA

Estimate Your Minimum Monthly Student Loan Payment

The recently updated 2018 Health and Human Services (HHS) poverty guidelines determine your minimum monthly student loan payment.

Poverty guidelines are used for many different U.S. government programs. One of the most important uses for veterinarians is the Discretionary Income calculation used to generate the minimum monthly student loan payment of federal income-driven repayment plans (IBR, PAYE, REPAYE). Income-driven student loan repayment plans are extremely helpful for those veterinary graduates with student loan balances greater than their annual incomes.

November 30, 2017 In Apply Smarter, Veterinary student debt, Veterinary students By Tony Bartels, DVM, MBA

My Student Loans

Getting to and through veterinary school takes a long time and a lot of education. Along the way, you can borrow a variety of loan types to finance your education resulting in a complex student loan portfolio. Before you can formulate a repayment plan, you need to understand your student loans. This short video tutorial will show you how to retrieve and upload your NSLDS file.

The VIN Foundation My Student Loans tool will help you make sense of your student loan portfolio. Using your National Student Loan Data System (NSLDS) file, My Student Loans will organize your loans by type, date received, interest rate, principal, calculate a weighted average interest rate, and estimate your monthly interest accumulation. This information is crucial for helping you determine which repayment plans you can use.

March 14, 2017 In Veterinary resources, Veterinary student debt, VIN Foundation news By VIN Foundation

Veterinary Student Debt Center Launches

We are excited to announce the launch of our Student Debt Center, a mobile-friendly comprehensive resource for all things related to student debt, in particular veterinary student debt.

With veterinarians leaving school having a debt load routinely exceeding two times their salary, and far surpassing the “healthy” debt-to-income ratio of most professions, this is a critical issue impacting the veterinary profession. Veterinary student debt-related stress is taking a toll on individuals and the profession – a toll measured in physical, emotional and financial stress. The VIN Foundation is answering the call to this crisis with the Student Debt Center.