And avoid Caribbean veterinary schools like St. George, Ross University, and St. Matthew's. Student loan debt from those schools can easily reach $300,000.
A helpful video with one significant issue. It is important that those entering the profession have realistic expectations. Unmet expectations breeds discontent. The quoted figure of $135,000 is an average including the 12% of recent graduates with zero debt and excluding a significant portion of those graduating and entering the US veterinary market with higher debt. Those entering veterinary school in the coming years and needing to finance the majority of their costs should expect their debt upon leaving school, including interest accrued during their time in school will be in the $200,000 plus range. Veterinary medicine is a wonderful profession. We need the best and brightest to join our ranks. It is important they do so with realistic expectations and informed of the costs and current realities of the profession.Investing $150,000 to $300,000 (or more) in an education that will lead to a starting salary averaging around $70,000 ($30,000 if an internship is pursued) is not a bad decision, but it is one that should be taken fully informed, with a plan to minimize debt and repayment costs. Repayment is very doable with federal student loans utilizing income driven repayment programs. Private loans should be avoided. And no matter what repayment schedule new graduates attempt, no veterinary graduate with significant debt should defer their loans after graduation and all should enroll in an income driven repayment plan. You can pay more, but should do so with a full understanding of the implications. The VIN Foundation www.vinfoundation.org is proud to join AVMA in providing resources for those wishing to pursue a veterinary degree www.IWantToBeAVeterinarian.com , costs of education www.vinfoundation.org/CostOfEducation and those interested in learning about and simulating student debt repayment www.vinfoundation.org/loansim . For more information, contact info@vinfoundation.org >>>Paul
+Paul Pion An average value for students includes all students. Excluding those students with zero debt from the estimate of but not removing those with excessive debt - debt that is well above the cost to attend veterinary college - would not be appropriate. We include them both because they are part of the population of students and are all included as such in the calculation of mean.
+AmerVetMedAssn Thank you for your response. However, putting aside my geeky concerns about using the mean as a measure of central tendancy for a nonnormal population, we know from the most recent survey data that 88% of the 2014 graduates borrowed to finance their veterinary education. For the 12% who do not have to borrow, their cost for a veterinary education is straightforward: Tuition + Fees + living expenses plus any annual increases to those costs each year. Annual tuition increases are averaging about 4% per year and to date, only two schools to my knowledge maintain the tuition at the same rate for the duration of their education: Purdue and Glasgow. Excessive debt is an arbitrary label recently used by the AVMA and does not take into account the actual mechanics of federal student loan borrowing. If we want to be fair to the overwhelming majority of those who use or are considering using student loans for veterinary school, we need to help them understand the differences between borrowing as a resident attending a state school, a non-resident attending a state school, and those attending a private school without a discounted tuition rate. The student loan amounts each of those groups borrow will differ greatly. Their tuition rates differ, and we must include the cost of living allowances they are offered by default in addition to the interest that will accrue on those borrowed amounts during school. The AVMA may not consider the full cost of attendance and the interest accrued during school in their assessment of what is appropriate or excessive debt, but the students who borrow to fund their education still have to repay it with a veterinary salary. We also need to be transparent regarding the $135,000 number cited. That figure includes only their debt from veterinary school and was for students who started veterinary school in 2010. The costs for a student starting next fall, in 2016, or beyond, will be much higher. Finally, if we're going to include the zero debt individuals in the "average," then we also need to be clear about what we're not including in the calculation -- and that is the debt of the approximately 1,000 U.S. citizen students attending foreign veterinary schools accredited by the AVMA. The costs for students to attend those schools like Ross, St. George's, Glasgow, Dublin, etc, are often much higher as compared to in-state tuition rates. By not stating that these are not counted in the average reported debt of $135,000, we risk setting unattainable and false expectations for many future colleagues who are currently in veterinary school or have yet to start. While I think the video is a good start in helping future veterinarians better understand the financial implications of choosing veterinary medicine as a career, I think we have a long way to go in better describing the total costs of their veterinary education and the realities of borrowing to finance their education.
I believe in Los Angeles where I live they are hiring vet graduates with just a year or two residency or clinical experience at around $95,000- $135,000/ year. Ive been reading job postings online and it also says LA vet pay is about 31% above the national average. Los Angeles average says $135,000. Guess I live in the right place lol. Also, with my fiancé about to get a raise in Information Technology Engineering with the company he works at I believe I can pay it back. (I hope lol) He's going to be making about $85,000 a year. We also want 4 kids though sooo... we shall see. lol Also, we have an investment account in stocks at around $13,000. This info makes it seem as if its impossible to pay off. I know I am blessed and not trying to show off but more so trying to say hey not everyones situation is the same and some states and cities pay more starting out!
If the purpose of this video is to direct those students who want to enter vet school to tools to help them manage their debt, then why would you include the 12% of students who graduate without debt? They would not be looking for these tools, nor would they need help managing their debt. They have none. Removing these students from the statistics would seemingly make sense - they are not the target audience. The students with the excessive amounts of debt would most definitely benefit from help in learning how to manage debt, so they should absolutely be included in these statistics.
I want to go to Latvia University of Life sciences and technology for the Bachelors in vet med programme.. and its gonna cost me 65,000 USD for the whole 6 years.. yes, the total amount.. but then, I am from India.. and Edu loans need huge some of the collateral.. which I lack.. is there any way I can get help.. cuz Latvia Univ is my dream.. its in EU...
@@everydayistaeminsday9500 yeah. I cleared the entrance exams for vet schools in my country. We enter very school after class 12th, like UK.. so I got in Mumbai Veterinary College. So yeah! N I don't have to take any edu loans since the fees are feasible.
Damn it, I was not expecting that scare..
I was supposed to be sleep but I saw that and it felt like my heart fell lol
That jump scare scared the poop out of me, jeez lol
And avoid Caribbean veterinary schools like St. George, Ross University, and St. Matthew's. Student loan debt from those schools can easily reach $300,000.
A helpful video with one significant issue. It is important that those entering the profession have realistic expectations. Unmet expectations breeds discontent. The quoted figure of $135,000 is an average including the 12% of recent graduates with zero debt and excluding a significant portion of those graduating and entering the US veterinary market with higher debt.
Those entering veterinary school in the coming years and needing to finance the majority of their costs should expect their debt upon leaving school, including interest accrued during their time in school will be in the $200,000 plus range.
Veterinary medicine is a wonderful profession.
We need the best and brightest to join our ranks. It is important they do so with realistic expectations and informed of the costs and current realities of the profession.Investing $150,000 to $300,000 (or more) in an education that will lead to a starting salary averaging around $70,000 ($30,000 if an internship is pursued) is not a bad decision, but it is one that should be taken fully informed, with a plan to minimize debt and repayment costs.
Repayment is very doable with federal student loans utilizing income driven repayment programs. Private loans should be avoided. And no matter what repayment schedule new graduates attempt, no veterinary graduate with significant debt should defer their loans after graduation and all should enroll in an income driven repayment plan. You can pay more, but should do so with a full understanding of the implications.
The VIN Foundation www.vinfoundation.org is proud to join AVMA in providing resources for those wishing to pursue a veterinary degree www.IWantToBeAVeterinarian.com , costs of education www.vinfoundation.org/CostOfEducation and those interested in learning about and simulating student debt repayment www.vinfoundation.org/loansim .
For more information, contact info@vinfoundation.org
>>>Paul
+Paul Pion
An average value for students includes all students. Excluding those students with zero debt from the estimate of but not removing those with excessive debt - debt that is well above the cost to attend veterinary college - would not be appropriate. We include them both because they are part of the population of students and are all included as such in the calculation of mean.
+AmerVetMedAssn
Thank you for your response.
However, putting aside my geeky concerns about using the mean as a measure of central tendancy for a nonnormal population, we know from the most recent survey data that 88% of the 2014 graduates borrowed to finance their veterinary education.
For the 12% who do not have to borrow, their cost for a veterinary education is straightforward: Tuition + Fees + living expenses plus any annual increases to those costs each year.
Annual tuition increases are averaging about 4% per year and to date, only two schools to my knowledge maintain the tuition at the same rate for the duration of their education: Purdue and Glasgow.
Excessive debt is an arbitrary label recently used by the AVMA and does not take into account the actual mechanics of federal student loan borrowing.
If we want to be fair to the overwhelming majority of those who use or are considering using student loans for veterinary school, we need to help them understand the differences between borrowing as a resident attending a state school, a non-resident attending a state school, and those attending a private school without a discounted tuition rate.
The student loan amounts each of those groups borrow will differ greatly. Their tuition rates differ, and we must include the cost of living allowances they are offered by default in addition to the interest that will accrue on those borrowed amounts during school.
The AVMA may not consider the full cost of attendance and the interest accrued during school in their assessment of what is appropriate or excessive debt, but the students who borrow to fund their education still have to repay it with a veterinary salary.
We also need to be transparent regarding the $135,000 number cited. That figure includes only their debt from veterinary school and was for students who started veterinary school in 2010. The costs for a student starting next fall, in 2016, or beyond, will be much higher.
Finally, if we're going to include the zero debt individuals in the "average," then we also need to be clear about what we're not including in the calculation -- and that is the debt of the approximately 1,000 U.S. citizen students attending foreign veterinary schools accredited by the AVMA. The costs for students to attend those schools like Ross, St. George's, Glasgow, Dublin, etc, are often much higher as compared to in-state tuition rates. By not stating that these are not counted in the average reported debt of $135,000, we risk setting unattainable and false expectations for many future colleagues who are currently in veterinary school or have yet to start.
While I think the video is a good start in helping future veterinarians better understand the financial implications of choosing veterinary medicine as a career, I think we have a long way to go in better describing the total costs of their veterinary education and the realities of borrowing to finance their education.
+Paul Pion
Since there are students with no debt, and apparently students with "excessive debt", perhaps a better number would be median debt.
This video made me reconsider being a vet
sodapopgirl7890 same
Let's see who is going to be vet one day....
YOU TRIGGERED MY SELF ESTEEM
wtf you just don't put a screamer in a video about being vet :v hahaha cool video :)
Shop around, you might find that Vet degrees are more economical abroad.
I believe in Los Angeles where I live they are hiring vet graduates with just a year or two residency or clinical experience at around $95,000- $135,000/ year. Ive been reading job postings online and it also says LA vet pay is about 31% above the national average. Los Angeles average says $135,000. Guess I live in the right place lol. Also, with my fiancé about to get a raise in Information Technology Engineering with the company he works at I believe I can pay it back. (I hope lol) He's going to be making about $85,000 a year. We also want 4 kids though sooo... we shall see. lol Also, we have an investment account in stocks at around $13,000. This info makes it seem as if its impossible to pay off. I know I am blessed and not trying to show off but more so trying to say hey not everyones situation is the same and some states and cities pay more starting out!
Is this true? I'm feeling blessed to live in LA👏
You can only apply to the vet corps after your first year of veterinary school. FYI.
Hello I am veterinary student from indonesia
If the purpose of this video is to direct those students who want to enter vet school to tools to help them manage their debt, then why would you include the 12% of students who graduate without debt? They would not be looking for these tools, nor would they need help managing their debt. They have none. Removing these students from the statistics would seemingly make sense - they are not the target audience. The students with the excessive amounts of debt would most definitely benefit from help in learning how to manage debt, so they should absolutely be included in these statistics.
AVMA, PLEASE have your actors say veterinarian properly. Drives me nuts when people in our profession say it wrong
The scary part though......
I want to go to Latvia University of Life sciences and technology for the Bachelors in vet med programme.. and its gonna cost me 65,000 USD for the whole 6 years.. yes, the total amount.. but then, I am from India.. and Edu loans need huge some of the collateral.. which I lack.. is there any way I can get help.. cuz Latvia Univ is my dream.. its in EU...
Hey I'm going thought something similar to you, how's things went for you? Hope you found a path to your dream💞
@@everydayistaeminsday9500 yeah. I cleared the entrance exams for vet schools in my country. We enter very school after class 12th, like UK.. so I got in Mumbai Veterinary College. So yeah! N I don't have to take any edu loans since the fees are feasible.
@@swayamsatope5176 that's really great! I'm so happy for you 💞 wish you best of luck for your future 💪🏼💪🏼💞
sad how the debt has basically doubled
love it
GREATTTT ....... I DONT HAVE THAT TYPE OF MONEY IS THIS ACTUALLY TRUE ?
unfortunately it is, but you can just study abroad at other school that are cheaper
please don't do jump scares in an educational video... lol
Not cool :(
...im going for free...
How
@@avacaza7851 Sweden is a miracle.
I wanted to work at a vet since 5 =|
you don't have to be a vet to work at a vet hospital, you can be a vet tech, vet assistant, hospital administrator, etc.
@@THEISAAC1593 those careers make far less money than a vet.
Boi! That's not cool to scare someone, its 1:57 am really u just had to scare me ugh know I have to turn on my lights! Thanks! (NOT)