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Peer to Peer – Hero
Peer to Peer – Hero

10 Dec

Posted at 20:00h in Veterinary Debt Initiative
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“PSLF is a critical tool for the veterinary profession, particularly since the veterinary expertise is critical to a range of public sector and nonprofit roles. “ The Department of Education’s Public Service Loan Forgiveness Program (PSLF) provides tax-free student loan forgiveness to individuals who have worked ten years in qualifying nonprofit or public-sector roles after making 120 qualifying, on-time loan payments. Many veterinarians who have chosen careers in the nonprofit or public-sector count on PSLF, predominantly because these careers are often less lucrative than those in the private sector. “PSLF is...

10 Dec

Posted at 19:57h in Veterinary Debt Initiative
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Financial Wellness DVM, a personal finance blog for veterinarians, asks its readers if, and how, parents can raise a family with one veterinarian’s income. The blogger probes further by exploring female sole income earners in the profession and how the burden of student debt impacts their career trajectory and financial decisions. Led by the American Veterinary Medical Association, the Association of the American Veterinary Medical Colleges and the Veterinary Medical Association Executives, VDI is a collaborative alliance aimed at raising awareness and providing access to resources that will enable pre-veterinary students,...

10 Dec

Posted at 19:50h in Veterinary Debt Initiative
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“There is a difference between a growing economy and a thriving economy.” Financial Wellness DVM, a personal finance blog for veterinarians, shared key takeaways from last month’s American Veterinary Medical Association (AVMA) Economic Summit. The blog passes on advice from Dr. Matthew Salois, AVMA Chief Economist: focus on paying off debt and increasing savings, don’t overreact to economic news, and review investments to ensure the appropriate amount of risk/reward built into those investments. It also provides insight on one of Dr. Salois’ concluding remarks, “there is a difference between a growing...

15 Nov

Posted at 22:02h in Peer to Peer EXTRA!
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Petco has announced it will not sell pet food or treats containing artificial ingredients, according to Dr. Whitney Miller, DVM, MBA, Diplomate ACVPM, and Director of Veterinary Medicine at Petco.  This change will be implemented by May 2019.  The Petco media release from November 13 is provided below, along with some of the media coverage to date.  This information is provided to VMAE members as part of Petco’s Gold-level Strategic Initiative Partnership with VMAE. SAN DIEGO, Nov. 13, 2018  -- Today, Petco announced it will not sell food and treats containing artificial colors, flavors...

30 Oct

Posted at 22:44h in Veterinary News
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Public funding for higher education has not bounced back a decade after the Great Recession, according to a recently released report from the Center on Budget and Policy Priorities (CBPP). After the financial crisis, colleges responded to significant state funding cuts by increasing tuition, reducing faculty, limiting course offerings, and in some cases closing campuses. Funding has rebounded slightly since then, but costs remain high and services in some places have not returned, the report says. Nearly every state has shifted more of the education costs to students. The decline in state...

30 Oct

Posted at 22:43h in Veterinary News
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American Veterinary Medical Association (AVMA) President Dr. John H. de Jong made student debt the primary focus of his column in the Oct. 1 issue of the Journal of the American Veterinary Medical Association.  Dr. de Jong stressed how important it is for the profession to be financially rewarding. The AVMA, along with the Association of American Veterinary Medical Colleges and the Veterinary Medical Association Executives, co-lead the Veterinary Debt Initiative, with a goal to help veterinarians thrive in financially sustainable and profitable careers. Dr. de Jong explained AVMA’s role...

30 Oct

Posted at 22:41h in Veterinary News
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“Student debt is a higher education issue. It’s a problem affecting not only the veterinary profession, but also many other professions,” says Dr. Andrew Maccabe, Chief Executive Officer of the Association of American Veterinary Medical Colleges (AAVMC). The Association of American Medical Colleges recently published seven helpful tips that medical students can use to cut costs, manage expenses and repay loans. The information can be applicable to any profession, including veterinary medicine. AAVMC is one of the three organizations, along with the American Veterinary Medical Association and the Veterinary Medical Association Executives,...

30 Oct

Posted at 22:36h in Veterinary News
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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....

30 Oct

Posted at 22:30h in Veterinary News
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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...