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.