Financial
Considerations
Educational
costs are a major consideration when pursuing a career in
veterinary medicine. Most students complete an average of
eight years of college work before practicing veterinary
medicine. Students should plan carefully to keep future
indebtedness to a minimum. Meeting the challenge of financing
a veterinary medical education requires careful planning,
development of good money management skills, and a willingness
to make short-term sacrifices to achieve long-range goals.
As
you begin planning for meeting the cost of a professional
education, keep the following points in mind:
- The
primary responsibility for financing a student's education
rests with the student and his or her family.
- Most
financial aid is need-based. Eligibility is determined
by a needs analysis (i.e., the cost of education minus
resources equals a student's need).
- The
largest component of financial aid for veterinary medical
students comes from government-subsidized loans. Approximately
75 percent of current veterinary students depend on federally
subsidized loans.
- Both
federal regulations and individual school policies for
distribution of available monies, as well as the amount
available for distribution, may vary from year to year.
The amount of available assistance and school policies
for awarding assistance will vary from one veterinary
school to another.
- An
applicant who owes money to any federal grant program
or who is in default on any federal loan is ineligible
to receive further assistance from most federal financial
aid programs.
Please
note: The AAVMC does not provide
financial assistance to students. The AAVMC suggests that
you contact each selected veterinary college directly for
more information about financial aid.
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Undergraduate
College Program of Study
Undergraduate College Location /
Size
Veterinary Related Experience
Individual College Information
Visiting the Colleges
Instate / Out-of-state / Contract Seats
Application Process and Considerations
VMCAS
Financial Considerations
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