Student debt: Understanding your new options

Published on
Managing personal finances for veterinary professionals

What do the newest changes to income-driven repayment plans mean for veterinary borrowers with student debt? Find the answers in 10 minutes, with a new learning module just published on My Veterinary Life.

Called SAVE vs. PAYE, this module breaks down the federal government’s new SAVE plan—Saving on a Valuable Education—to help you know if it's right for you. 

  • Compare the provisions of these two income-driven repayment plans.
  • See how SAVE differs from REPAYE, which it is replacing.
  • Learn how to enroll in SAVE and what you need to do if you’re currently using REPAYE.

Learn on MyVeterinaryLife.com

The new 10-minute video is just one of more than 20 short learning modules on My Veterinary Life covering a full range of student debt topics that matter to veterinary professionals. And while the My Veterinary Life website is tailored for early-career veterinarians and veterinary students, these debt modules are great resources for any veterinarian with student loans. Among the diverse topics:

  • Interest rates and recent changes to capitalization
  • Loan consolidation
  • What marriage means for repayment
  • Refinancing
  • Postponing payments
  • Changing repayment plans
  • Public Service Loan Forgiveness

These learning modules help you take the guesswork out of everything related to student loan repayment. And because the topics are narrowly focused, they’re also concise, so you can be efficient with your time.

View all of the modules here.

AVMA has your back

Along with practical tools like these learning modules, the AVMA is committed to developing public policy solutions that reduce veterinary debt. Here’s how the AVMA’s advocacy work is supporting veterinary borrowers and combating high levels of veterinary student debt.
 

Comments

Add New Comment

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
Please verify that you are not a robot.