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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 | 2024 Graduating Veterinarians: Special Student Loan Timing Considerations

2024 Graduating Veterinarians: Special Student Loan Timing Considerations

What to do if you’re in The Pickle – or not Congratulations on your upcoming graduation from veterinary school, Doctors! Whether you’re in The Pickle or not, you have two critical homework assignments to complete before you graduate: File a 2023 tax return; and Review your student loan repayment options, particularly your income-driven repayment plan […]

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VIN Foundation | Supporting veterinarians to cultivate a healthy animal community | Blog |

Student Loan Forgiveness Planning: Preparing for the Tax Bill

3 Comments / Veterinary Resources, Veterinary Student Debt, Veterinary Student Loans, Veterinary Students / By Tony Bartels, DVM, MBA

Repaying student loans is stressful, complicated, and different than repaying typical business or personal loans. As a result, veterinary students, new graduates, seasoned veterinarians, mentors, and even financial professionals often struggle to determine the best repayment strategy for themselves or colleagues. A major difference, typical business or personal loans normally are paid over a period

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Income-Driven Repayment: Recertify, Switch plans, or Wait?

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

Brace yourself, this is a long one. We’ve got a lot to cover with the recent recertification pause and confusion around renewals vs. switching repayment plans. Read straight through if you have a large mug of coffee or use the Table of Contents feature to quickly navigate to your section of interest. Income-Driven Repayment (IDR)

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Student Loan FAQs: The one-time forgiveness count adjustment

25 Comments / Veterinary Questions & Answers, Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By Tony Bartels, DVM, MBA

What is the one-time forgiveness count adjustment? The one-time forgiveness count adjustment for federally-held student loans is a lesser-known, more confusing, yet more widely available special benefit announced in April 2022. Anyone with federally-held student loans is eligible to receive the adjustment. Essentially, the adjustment will count any repayment time, and certain deferment or forbearance

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SECURE Act 2.0: Retirement plan contributions tied to your student loan payments

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

Does matching student loan payments for retirement contributions make sense for veterinarians? How SECURE 2.0 changes employer retirement savings plans Recently, Congress passed and the President signed into law the SECURE 2.0 Act of 2022. There are many updates and changes to tax-advantaged savings options in this legislation that are taking effect in 2023 and

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2024 Federal Poverty Rates Published: 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

Federal Poverty Guidelines 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 (IDR) plan. The VIN Foundation Student Loan Repayment Simulator

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Pandemic forbearance payments are eligible for a refund

9 Comments / Veterinary Student Debt, Veterinary Student Debt Relief, Veterinary Student Loans / By VIN Foundation

Should you request a refund before the benefits end? The student loan pandemic forbearance benefits started on March 13, 2020. Interest and payments were suspended and the forbearance time counts towards forgiveness. Another provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows borrowers who made payments during the forbearance period to request

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