Debt Statistics
The average educational loan debt of graduating veterinary students has increased over the past decade. According to the chart below, the educational debt for our graduates has more than doubled since 1993:
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A major factor affecting this increase in loan indebtedness was the assessment of Professional School Student Fees (PSSF) by the university beginning in Fall 1994 with the graduating Class of 1998. This fee assessment continues to rise for all professional students, along with standard inflation and rising undergraduate educational loan debt, which will undoubtedly result in increased debt levels over subsequent years.
It is important to keep an accurate record of your student loan history, your anticipated monthly payments, and how these payments compare to your future compensation as a veterinarian.
You should regularly monitor your federal educational debt records by accessing your account information on the National Student Loan Data System (NSLDS). Discrepancies in NSLDS data should be resolved as quickly as possible.
You can use an the UC Davis loan payment calculator to estimate the amount of your monthly loan payments and then refer to the School of Veterinary Medicine’s
Refer to the Salary survey of the most recent graduating class to evaluate the amount of compensation necessary to manage repayment. |
