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 debt. I have a radical plan to save the veterinary profession from destruction by student loans, and it’s far from perfect.
I’m not a veterinarian and I don’t pretend to be one, I’ve just helped dozens of veterinarians try to figure out how to live with debt loads over four times their income. If there’s problems with this plan, tell me in the comments and critique me. Better yet, propose your own plan on how to curb the cost of veterinary education. I hope this article starts a conversation among key stakeholders to change the future of veterinary education for the better. The status quo could lead to destruction of the profession, and every CVM dean raising tuition by 5% or more every year needs to realize this.