Veterinarian
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UC Davis Vet School Expansion to Cost a Half Billion Dollars (!)
- June 22, 2017
- Posted by: Travis
- Category: Veterinarian
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A half billion dollars over 10 years. That’s the approximate projected cost of the recently announced 10 year, $508 million UC Davis vet school expansion. My primary business here at Student Loan Planner is to help clients and readers find ways to save money on student debt. From a logical point of view, I shouldn’t
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Prepare for the Vet School Student Loan Tax Bomb
- February 1, 2017
- Posted by: Travis
- Category: Veterinarian
2014 is the last time I can find a public announcement from the AVMA on student loan statistics for veterinarians. For graduating veterinarians in that year, if you had to take out loans the average was $153,191. About 1 out of every 5 had student debt over $200,000. Based on debt growth stats I’ve seen in other professions as a
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A Radical Proposal to Save the Veterinary Profession from Destruction by Student Loans
- December 1, 2016
- Posted by: Travis
- Category: Veterinarian
We are at an inflection point in the veterinary profession. I’m learning from anecdotal conversations with friends in vet school that prospective freshman students are starting to price shop for seats. Additionally, the average vet student is becoming more affluent, meaning that the field is becoming accessible only to those with wealthy parents who can keep their children out of
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Veterinary Residents Earn Six Figure Salaries Thanks to Student Loans
- November 16, 2016
- Posted by: Travis
- Category: Veterinarian
Pretend you are brand new Doctor of Veterinary Medicine. Your first year out of graduation, you do a veterinary internship and make about $30,000. Then you do a veterinary residency program for 3-5 years and make $40,000 each year. Clearly this is a horrible financial decision compared to an immediate $75,000 salary in private practice right? Veterinary
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The Student Loan Repayment Choices for Veterinarians
- October 31, 2016
- Posted by: Travis
- Category: Veterinarian
The average veterinarian graduating with debt from the class of 2014 left with $153,191 of student loans. The AVMA recently stated that the average rate of tuition growth for vet school is 4.86%. If we extrapolate those numbers to today, the average veterinarian graduating with debt from the class of 2017 will leave with a liability of $176,629.30. An excellent starting salary
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Veterinarians Are Treated Horribly Under Student Loan Rules
- October 25, 2016
- Posted by: Travis
- Category: Veterinarian
If you’re a veterinarian, want to be one, are training to be one, or love someone who is, you should know about the extreme unfairness towards the profession that exists today. Veterinarians are treated horribly under student loan rules. Students graduate with huge balances, are not eligible for the best forgiveness options, and don’t earn high
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How Can This Veterinarian Pay Back Her Massive Student Debt?
- October 4, 2016
- Posted by: Travis
- Category: Veterinarian
This case study is a fascinating look into why the higher education system is broken in America. We will call this reader Jane to protect her anonymity. I’ll describe her situation rather than quote what she told me. She has $388,000 in debt from a single, consolidated loan directly from the federal government at an interest