Student Loans Archives - VIN Foundation

PAYE and ICR income-driven repayment plans temporarily reactivated

Leave a Comment / Veterinary School, Veterinary Student Debt, Veterinary Student Loans, Veterinary Students / By Tony Bartels, DVM, MBA

On December 18, the U.S. Department of Education (ED) announced the reopening of the Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) student loan repayment plans. These Income-Driven Repayment (IDR) plans, which were temporarily closed due to the introduction of the Saving on a Valuable Education (SAVE) plan, offer additional monthly payment options that […]

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | prevet resources veterinary student resources veterinarian resources | Nonprofit free veterinary resources | Blog | Student Debt Student Loan Veterinary Student Debt Veterinary Student Loan PAYE vs. SAVE: Are you in The Pickle?

Choosing between PAYE and SAVE income-driven plans: Are you in The Pickle?

Leave a Comment / Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By Tony Bartels, DVM, MBA

On the VIN and VIN Foundation Student Debt Message Boards and during recent Climbing Mt. Debt webinars, hundreds of questions have been asked and answered. One of the most frequent questions is, “Should I switch to the new Saving on a Valuable Education (SAVE) income-driven repayment plan?” In most cases, the answer is yes, you

Choosing between PAYE and SAVE income-driven plans: Are you in The Pickle? Read More »

The election is over. Change is on the horizon. What is next for your student loans?

4 Comments / Veterinary School, Veterinary Student Debt, Veterinary Student Loans, Veterinary Students / By Tony Bartels, DVM, MBA

The long-awaited national election results are nearly all tallied, and we know one thing for sure: changes will be coming to student loan repayment. Changes were due to occur no matter the election outcome with the fate of at least one repayment plan and certain student loan forgiveness options tied up in the courts. With

The election is over. Change is on the horizon. What is next for your student loans? Read More »

Increase in Federal Poverty Rates for 2023: Why that matters for your student loans

Leave a Comment / Veterinary School, Veterinary Student Debt, Veterinary Student Loans, Veterinary Students / By Tony Bartels, DVM, MBA

Each year in January, the U.S. Department of Health and Human Services (HHS) updates the federal poverty guidelines used to determine financial eligibility for certain programs. Your federal student loan monthly payments are impacted by these updates when you use an income-driven repayment plan. The VIN Foundation Student Loan Repayment Simulator is now using the

Increase in Federal Poverty Rates for 2023: Why that matters for your student loans Read More »

A Borrow Better Case Study Using the In-School Loan Estimator

Leave a Comment / Veterinary Questions & Answers, Veterinary Resources, Veterinary Student Debt / By VIN Foundation

Veterinary Students: Borrow Better A Case Study Using the VIN Foundation In-School Loan Estimator Student debt sucks. But for more than 80% of eligible U.S. students attending AVMA COE-accredited colleges of veterinary medicine, student loans are a necessary tool to achieve the dream of becoming a veterinarian. For the 2024-2025 academic year, analyzing your borrowing

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COVID-19 Impact to Your Student Loans

2 Comments / Veterinary Resources, Veterinary Student Debt / By Tony Bartels, DVM, MBA

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

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A ‘new’ income-driven repayment plan?

4 Comments / Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By Tony Bartels, DVM, MBA

Federal student debt proposal would change REPAYE, phase out PAYE Buried in a sea of federal student loan announcements and changes over the last few years was the promise of a new income-driven repayment plan. Now we know how parts of that promise will be implemented when the pandemic forbearance benefits end this summer. The

A ‘new’ income-driven repayment plan? Read More »

New Grad Student Loan Questions and Answers: Consolidation

15 Comments / Consolidation, Veterinary Questions & Answers, Veterinary Resources, Veterinary Student Debt, Veterinary Student Loans, Veterinary Students, Webinars / By Tony Bartels, DVM, MBA

Updated for 2023 graduating veterinarians: There are some new changes and proposals to be aware of as you enter loan repayment. Here are some common questions about using a Federal Direct Consolidation Loan that we tackled live during the most recent New Veterinary Graduate Student Loan Playbook Webinar. To consolidate vs not consolidate? Absolutely start

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What do the recent court rulings on SAVE mean for you?

Leave a Comment / Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By Tony Bartels, DVM, MBA

July 26th Update A federal appellate court blocked the Department of Education (ED) from administering the Saving on a Valuable Education (SAVE) income-driven repayment plan. Borrowers using SAVE will be placed in an interest-free forbearance. ED recently posted guidance (https://www.ed.gov/save) on how the ruling impacts borrowers in the short-term, pending continued litigation. Keep checking https://studentaid.gov/announcements-events/save-court-actions

What do the recent court rulings on SAVE mean for you? Read More »

VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Student Debt | Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible?

Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible?

1 Comment / Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By Tony Bartels, DVM, MBA

On August 24th, 2022, the White House announced the news of a special one-time cancellation of up to $20,000 of federally held student loan debt. The amount of debt cancellation will depend on your income and whether you received a Pell Grant in college.

Special Cancellation of Up to $20,000 of Student Debt. Are You Eligible? Read More »