The House of Representatives recently passed three new tax-related bills that may affect veterinarians. It’s uncertain if the Senate will vote on the bills before the current Congressional session ends but the American Veterinary Medical Association (AVMA) is reviewing them closely. The House-passed package includes: a permanent extension of the tax reform policies passed in December, enhanced educational and retirement vehicles, and a more generous deduction for start-up businesses. Read more in the AVMA@work blog....

Veterinary student debt is part of a larger debt trend in the United States. In fact, 44.2 million Americans owe $1.5 trillion in student loans. Dr. Bridgette Bain, Associate Director of Analytics with the American Veterinary Medical Association (AVMA) Veterinary Economics Division, says there are factors specific to veterinary medicine that need to be considered. Dr. Bain explains why the foundational issue is not just debt (hint: it has to do with income) and provides in-depth analysis of student debt data. She also maps out what the AVMA is doing...

Virginia-Maryland College of Veterinary Medicine’s delegates attended Michigan State University’s Fix the Debt Summit in 2016. They returned to the East Coast, acknowledging that significant thought and effort was being focused on the student debt problem at a national level. However, the College wanted to harness the profession’s initial findings and do more. They wished to broaden the search for additional solutions that would directly impact their students. They decided to form a DVM Educational Debt Task Force, co-chaired by Drs. Greg Daniel, Interim Dean, and Jennifer Hodgson, Associate Dean...

The VMAE Board of Directors met recently with Dr. Link Welborn, President of Veterinary Study Groups (VSG), and agreed that VMAE members should be apprised that Veterinary Management Groups and Zoetis are inviting veterinary medical associations to schedule a sponsored educational session on exit strategies. The presentation, which can range from 50-120 minutes depending on the preference of the conference, is focused on (1) reviewing strategies, including pros and cons, that can be utilized in selling a practice and (2) key factors involved in maximizing the value of the practice....

To facilitate peer learning, VMAE created the Momentum Book Club where participants can discuss key learnings and share “aha!” moments at the end of each module comprising the Momentum online course. At noon Mountain time on Thursday, September 27, you can join the Momentum Book Club for a video-based, one-hour chat on the second module of Momentum. The first book club session was engaging and lively – and the second (of three) installments is around the corner. Catherine Haskins, co-founder of The Bridge Club (which hosts the discussions on their Zoom-based platform),...

The Human Animal Bond Research Initiative (HABRI) has assembled scientific evidence that demonstrates how pets improve heart health, alleviate depression, increase wellbeing, support child health and development, and contribute to healthy aging.  In addition, companion animals can assist in the treatment of a broad range of conditions from post-traumatic stress to Alzheimer’s disease to autism spectrum disorder. The Pet Effect campaign, led by HABRI founding member Zoetis, is a multi-pronged campaign aimed to introduce pet owners to the health benefits of the human-animal bond, and to understand how important their veterinarians...

Led by the American Veterinary Medical Association (AVMA), the Association of American Veterinary Medical Colleges (AAVMC) and the Veterinary Medical Association Executives (VMAE), the Veterinary Debt initiative (VDI) has shifted direction with a new goal and strategic plan. The VDI is committed to lead efforts on education and advocacy to ensure veterinarians can pursue a lifetime of financial success. The VDI’s multi-year strategic plan includes raising awareness and providing access to resources that will enable pre-veterinary students, veterinary students and veterinarians to make highly informed financial decisions. Last month, the...

The American Veterinary Medical Association’s (AVMA) new website, My Veterinary Life, provides a robust collection of resources to start veterinary students, new graduates and early career veterinarians on the right path to financial health. The tools cover all areas of financial management­ — student loan borrowing and repayment options, personal finance, budgeting, salary negotiations and adulting costs.  For more information about myveterinarylife.org: AVMA Press Room AVMA@Work JAVMA News ...

The American Veterinary Medical Association’s (AVMA) new website, My Veterinary Life provides seven modules by Paul Garrard, one of the most respected student loan debt management experts in the medical and health professions communities. Topics include repayment programs, loan calculators, public service loan forgiveness, loan refinancing and much more in brief (less than ten-minutes each!), practical mini-webinars that are easy to understand....

The Higher Education Act (HEA) is a comprehensive package of legislation that governs higher education policy, including federal student loans. It’s important legislation because it greatly impacts the veterinary profession. With the Congressional clock winding down and without a Senate bill to negotiate and pass, the HEA debate will start again in the next Congress, which begins in January 2019. Here’s what you need to know about the HEA. In December 2017, the House of Representatives took action to advance their version of a HEA re-write. The House bill, known as...