Ratio of income to debt for new vets ‘ominous’

A report by the NY Times has revealed stark increases in student debt in the last decade, with median borrowing of $63 000 per year according to the Association of American Veterinary Medical Colleges.

This figure has not been met by increasing wages. Starting salaries have in fact fallen by 13% to an average of $45,575, with a lower total population of pets and rising medical costs resulting in too many vets and not enough jobs.

Unfortunately there are no simple solutions: vet schools need to make it obvious that new vets will face higher debt.

Vets agree that the current situation is simply unsustainable, thousands of students paying for more expensive training to do worse paid jobs just simply doesn’t add up.

For the full story visit the NY Times.

What’s it like doing part-time work while studying, and how can you go about finding a part-time job that benefits your career?

Seaholm High School Student Voice have published a series of reports from students that work part time, including a student who works part-time at a veterinary hospital.

The full list includes information on pay, hours and what each student actually does in the workplace.

A cutting, to the point analysis of how to lower debts accrued as a vet student. The video has an American focus but the core ideas are relevant to veterinary students everywhere.

The video by GL Advisor is concise, clear and has up-to-date figures.