Student Debt Resources

Student Loan DebtDo you need help with finances, loans and student debt?

MVMA is committed to helping actively find multiple ways in which all components of veterinary medicine can make changes to achieve the goal of reducing the debt-to-income ratio for new graduates.

As we begin work in this area, we created this page which has links to important tools that already exist. This will save you from having to track down each of these resources individually. 

VIN Foundation

The VIN Foundation has shared a wide variety of information including a Cost of Education map that provides current data on costs for tuition and living expenses for each of the US and Caribbean veterinary schools. The Student Loan Repayment Simulator also provides a customized repayment plan based on your anticipated income, lifestyle and total loan amount.

Climbing Mt. Debt Presentation

Navigating federal income-driven repayment programs to repay your vet school loans. Presented by Dr. Anthony Bartels at the VBMA Fall Summit Purdue 2016.

American Veterinary Medical Association

AVMA’s resource page assists you in financing your veterinary medical education with links to awards/scholarships, creating a budget, knowing where and how much money to borrow, repaying/deferring your debt, loan repayment/forgiveness programs, and avoiding default.

Visit MyVeterinaryLife to navigate your transition from student to veterinarian, nurture your personal wellbeing, and establish strong financial habits, all with help from My Veterinary Life. Created by the AVMA, this new resource provide valuable information to serve as a guide to be by your side for guidance, direction and support every step of the way, from your first-year anatomy lab through all the milestones as you establish your veterinary career.

AVMA PLIT

"Cover Your Assets" shows veterinary students how to protect their reputations and careers with the right coverage. Having the right coverage is crucial at every point in a veterinarian's career. There's no better time to Cover Your Assets than right now.

American Association of Veterinary Medical Colleges

AAVMC’s resource page contains general information on paying for your veterinary medical education, as well as information on loan forgiveness, repayment options, and scholarship options.

Seven Ways to Reduce School Debt
The Association of American Medical Colleges recently published seven helpful tips that medical students can use to cut costs, manage expenses and repay loans. The information can be applicable to any profession, including veterinary medicine.

American Animal Hospital Association

AAHA has created a resource page to assist with overall financial planning which includes budgeting resources and templates, loan calculators, a monthly payment calculator, and a loan amortization table.

Michigan State University Office of Financial Aid

The Smart Student Guide to Financial Aid


Recommended Reading and Other Resources

Mint App
Use this free app that rounds up things you purchase and puts the extra month in your Roth IRA. 

Money Girl Podcast
Laura Adams is the writer and host of the top-rated Money Girl Podcast on Macmillan’s Quick and Dirty Tips Network.

“So Money” Podcast
Host Farnoosh Torabi, an award winning financial correspondent, best selling author and television personality, has weekly candid conversations with the world’s top business minds, authors and influencers.

The White Coat Investor 
Helping those who wear the White Coat get a “fair shake” on Wall Street - and helpful advice on how to not do dumb things with your money.

Suze Orman’s “The Money Book for the Young, Fabulous and Broke”
If you are part of the Young, Fabulous & Broke generation, you cannot afford to be without this book. This is a book that’s MORE THAN A BOOK. It interacts with Suze’s web site so that she can give you step-by-step advice tailored specifically to your financial needs. Step-by-step Suze will help you become Young, Fabulous & NOT Broke. 

If we are missing an important resource, please let us know by contacting us at mvma@michvma.org.


Michigan Veterinary Medical Association

2144 Commons Parkway
Okemos, MI 48864-3986

517.347.4666

517.347.4710

mvma@michvma.org

Powered by Wild Apricot Membership Software