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18 Dec Educational Debt is a Hot Topic at the AVMA Economic Summit

Posted at 02:02h in Veterinary Debt Initiative by
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Dr. Bridgette Bain, Associate Director of Analytics at the American Veterinary Medical Association, presented “Supply and Demand in the Market for Veterinary Education” at the AVMA Economic Summit held Oct. 22-23 in Schaumburg. Dr. Bain provided a comprehensive picture of the market and concluded with these key takeaways:

  • The market for new veterinarians is robust. Salaries and the number of full-time employees are increasing.
  • Many schools have experienced a year-over-year decrease in debt levels. What can schools with increasing debt levels learn from those with decreasing debt levels?
  • The gender income gap has decreased from 4% in 2018 to 3% in 2019.
  • How can students who borrow above the total cost be encouraged to minimize their loans?
  • Participation from international institutions would allow a better understanding of their challenges and needs.

The AVMA partners with the Association of American Veterinary Medical Colleges and the Veterinary Medical Association Executives to lead the Veterinary Debt Initiative.