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SCHOOL OF VETERINARY MEDICINE, UC DAVIS
FINANCING YOUR VETERINARY EDUCATION

The total estimated annual cost of attendance including projected registration fees, for a California resident entering the School of Veterinary Medicine in Fall Quarter 2004 is $36,094. Budgets are adjusted on an annual basis. Actual fees and tuition are usually not definitive until a month or two before the start of the new academic year. This Web site will be updated as new information becomes available.

The 2004-05 financial aid student expense budget (off-campus housing) for a first-year veterinary student is:

California Residents

Nonresidents

Registration Fees*

$21,131

$21,131

Tuition

N/A

$12,245

Books & Supplies

$1,409

$1,409

Housing, Food & Personal Expenses

$12,352

$12,352

Transportation

$1,202

$1,202

TOTAL

$36,094

$48,339

*Because registration fees are subject to gubernatorial, legislative and Regental action, these fees may change without notice. The registration fee includes a $1,446 premium for mandatory student health insurance, which may be waived if the student shows evidence of non-campus coverage. For complete veterinary medicine student fee information, visit the UC Davis Office of Resource Management and Planning website.

Financial aid is awarded to eligible students to fund direct educational and living costs. Veterinary medical students receive financial aid in the form of grants and student loans. In addition, the School administers an outstanding scholarship/grant program that provides over $1 million in annual support to students. Financial aid awards do not cover expenses such as automobile payments or consumer debt; entering students are advised to get these expenses in order before beginning the veterinary program.

To apply for financial aid, complete a Free Application for Federal Student Aid (FAFSA) on-line. Please note that the UC Davis federal school code is 001313. The 2004-05 priority application deadline for continuing students was March 2, 2004. New students are encouraged to apply by the priority deadline, but will not be penalized if delayed due to admission decisions. For additional information, read the UC Davis Financial Aid Application Instructions.

Students may receive a combination of loan and grant based on eligibility that does not exceed their cost of attendance. A financial aid recipient entering the veterinary program in Fall 2003 can expect to borrow a minimum of $18,500 per year in student loans. Loan sources may include:

  • Perkins Loan: 5% fixed interest; no interest accrues and no payments until nine months after graduation

  • Health Professions Student Loan: 5% fixed interest; no interest accrues and no payments until twelve months after graduation.**

  • Direct Subsidized Loan: Variable interest, capped at 8.25%; 3% loan fees; no interest accrues and no payments until six months after graduation; $8,500 maximum per year.

  • Direct Unsubsidized Loan: Variable interest, capped at 8.25%; 3% loan fees; variable interest starts accruing immediately upon disbursement; principal and interest payments start six months after graduation; $10, 000 maximum per year.

  • Alternative Loan: Unsecured, credit-based loan that may require a co-signer. Eligibility is based on borrower's credit worthiness. Variable interest starts accruing immediately upon disbursement; payments of principal and interest may be deferred while in school and during a six-month grace period after graduation. Interest rate: prime rate + 0 up to prime rate + 2%; 2%-6% guarantee fee depending on credit worthiness.

  • School of Veterinary Medicine Loans: Loan terms vary between specific loans; most have fixed interest and interest and repayment is fully deferred until after graduation; awarded for need and extraordinary expenses above and beyond other financial aid funding.

** Entering veterinary students are strongly encouraged to provide parental information to evaluate your family's financial background for consideration of the Health Professions Student Loan (HPSL). Providing this information will not affect your independent status for financial aid awards. Eligibility for HPSL may reduce a student's need to borrow unsubsidized loan with less favorable terms.

Please direct specific questions about financial aid eligibility or awards to Graduate Financial Aid Office, 1100 Dutton Hall, phone (530) 752-9246 or e-mail gradfinaid@ucdavis.edu.

For further information about filling out the FAFSA or other financial aid related information, please refer to the following web sites:


Last Revision: Thursday May 13 2004



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