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- Jun 2, 2015
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Hello,
First, I apologize that this is so long, but I’ve been doing a lot of thinking (for several months now and still have been unable to come to a definitive resolution)… I could really use some guidance.
I was accepted to vet school and am supposed to matriculate next fall. I have already sent in the deposit, but now I am having some second thoughts due to 1) financial aspects, 2) life/work balance issues once I graduate, and 3) job market fears… In short, I’m afraid of uprooting my life to pursue something if it most likely won’t workout anyhow. I have been considering pulling out and giving up my seat/place because I’m not sure if my goals are feasible given likely future trends.
I would rather a student with feasible goals attend who could and would be able to do more for animals… There’s still time to give my seat to him/her… Maybe a younger person who wants to work 50+ hrs/wk should occupy that seat instead??? On the other hand, I really do want to be a vet and help animals. I will likely have slightly less financial pressure than most and thus can (and will) help disadvantaged animals whereas others may have to consider the realities of making a living… I know that I can be a great vet, but to some degree, it must be on my own terms…
First, I know that I am fortunate because I do have other sources of income (amounts to about $50K/yr), but I am still going to have to borrow a substantial amount of money because 1) I was accepted out of state thus have much higher tuition and substantial relocation costs (not just a tiny apartment’s worth to move), etc. and 2) I’m a non-traditional with a domestic partner thus will be living off campus and will have higher living costs than your typical 24 year old who lives in the dorm or shares an apartment with roommates. I expect my loan debt to be between $170-220K when I graduate (and that’s assuming the tuition costs don’t see a huge hike over the next four yrs)... As a side note, my partner has been supportive and is willing to relocate, but both of us are leaving a lot behind and have some concerns/doubts... It is causing some tension between us...
My financial concerns involve a fear that IBR will be pulled by the government. I am planning on a payment size above the min. required (i.e. large enough to cover the interest and slowly chip away some principle) so I can minimize taxes on the forgiven balance (i.e. hoping to make payments the size of the 25-year plan), but I also want to make sure IBR will remain as an option if I ever just can’t swing the larger payment amount.
I’m also concerned that I won’t be able to find a suitable job in veterinary medicine (i.e. interested in small animal/exotic companion and concerned about all the vet oversupply/“excess capacity” in small animal that I’ve been reading about lately). Unfortunately, I am NOT interested in working in areas not suited to my personality or abilities (i.e. not interested in public health, lg animal, etc). Sorry to be inflexible… Well, actually, no I’m not; we’re all different and this stuff just isn’t my cup of tea.
I am also exploring alternative possibilities for obtaining loan forgiveness via public service (loan forgiveness isn’t a deal breaker as there are other options like saving/investing to pay the IRS down the road but it sure would be nice to avoid that ‘tax bomb’ all together if possible). Again, I am NOT interested in working in ‘shortage areas’, food animal practice, lab animal, etc. Instead, I would like to know: Could teaching animal science and/or vet tech courses and/or maybe just general biology at a public HS and/or junior college be a possible route to loan forgiveness? This is an area I have an interest in anyhow, so if it can help out with loan forgiveness, this would sweeten the deal even more!
I am also concerned about work/life balance. Don’t get me wrong. I know vet school will be rigorous. I am up for a challenge and welcome it. I am even considering a rotating or soft tissue internship after I graduate because I really want my skills to be up to the task of providing quality care, but I’m a bit older/non-traditional and can’t see a reason to kill myself indefinitely… Although I do not have kids (have step-kids but they are older and only visit/don’t live with us FT) and will not be having my own kids, I still can’t see myself working stressful FT+ hrs/wk like many youthful new associates – I have other interests and a partner who I enjoy spending time with…
My ideal job (after possibly finishing an internship) would be PT (30 hrs/wk max) or contract work for a non-profit animal clinic/rescue group/shelter perhaps with PT community college teaching on the side (especially if this would help with loan forgiveness)… When I worked at a shelter, some of the animals had to have enucleations and/or amputations to save their lives. I’m assuming I would be qualified to perform these types of surgeries after a 1 yr internship (please correct me if I’m wrong) because I’m not interested in doing a residency – I’ll be too old and probably won’t want/won’t be able to deal with 3+ years post grad of 80hr+ weeks. Spay and neuter are very important for animal welfare, of course, but this would also be boring and counter to my own mental welfare if I NEVER did anything else, so I’m hoping a 1 yr rotating internship or 1 year soft tissue will be adequate to prep me for most basic surgeries typically done via non-profits… In fact, I’m very interested in working with non-profits and doing low cost surgery to help reduce economic euthanasia.
Here are some additional facts:
We already own our home (not free and clear but mortgage payment is low) – we are planning on renting it out while we live out of state during my vet school years. We expect this to cover the mortgage and property tax, but they’ll be no surplus/profit. Aside from the mortgage, we are currently pretty low debt - sure won’t be true once I sign that promissory note :-/
I love animals and science. I truly do want to help them in their darkest hour, but I don’t want to be pulling 50+ hrs in my late 40s either… I’m not concerned with making lots of money and do/will have modest sources of income in addition to income from vet med. On the other hand, I do NOT want to have a situation in which vet school loans put me in a worse situation (i.e. minimum loan payments so high that they actually worsen our financial situation. In fact, any loan payment would be undesirable if I can’t find an enjoyable PT job that will at least enable us to ‘break even’ on the cost of education)…
I discovered the veterinary calling later than most… I’ve been working toward this goal for about 5 years now – it isn’t like I decided to ‘go for it’ on a fleeting whim… On the other hand, I have (and still could) see myself doing other things… Vet school isn’t cheap… I have a somewhat flexible mind and even other “in-demand” aptitudes, so sure, I could do quite a few other things, but I still feel like I *have to* help animals for some reason... I’ve thought about the vet tech route, but I don’t think I could deal with the lack of autonomy (i.e. having to implement someone else’s treatment plan if I had a better idea or act on a diagnosis that I knew was inaccurate) or lack of utilization of my potential/capacity... The technologist route doesn’t appear to be much better from what I can tell although maybe I should explore it further??? In my area, we really don’t have technologists or tech specialists, so I’ve never met these guys. The clinic I worked at didn’t even have registered techs (although one gal was studying toward this goal).
I’ve been cautioned several times – “Don’t go to vet school. The profession isn’t what it used to be…” I have been told that if I could be happy doing anything else, then I should do something else… Is veterinary medicine really that bad? Is interesting PT work with a focus on improving animal welfare just a pipe dream?
First, I apologize that this is so long, but I’ve been doing a lot of thinking (for several months now and still have been unable to come to a definitive resolution)… I could really use some guidance.
I was accepted to vet school and am supposed to matriculate next fall. I have already sent in the deposit, but now I am having some second thoughts due to 1) financial aspects, 2) life/work balance issues once I graduate, and 3) job market fears… In short, I’m afraid of uprooting my life to pursue something if it most likely won’t workout anyhow. I have been considering pulling out and giving up my seat/place because I’m not sure if my goals are feasible given likely future trends.
I would rather a student with feasible goals attend who could and would be able to do more for animals… There’s still time to give my seat to him/her… Maybe a younger person who wants to work 50+ hrs/wk should occupy that seat instead??? On the other hand, I really do want to be a vet and help animals. I will likely have slightly less financial pressure than most and thus can (and will) help disadvantaged animals whereas others may have to consider the realities of making a living… I know that I can be a great vet, but to some degree, it must be on my own terms…
First, I know that I am fortunate because I do have other sources of income (amounts to about $50K/yr), but I am still going to have to borrow a substantial amount of money because 1) I was accepted out of state thus have much higher tuition and substantial relocation costs (not just a tiny apartment’s worth to move), etc. and 2) I’m a non-traditional with a domestic partner thus will be living off campus and will have higher living costs than your typical 24 year old who lives in the dorm or shares an apartment with roommates. I expect my loan debt to be between $170-220K when I graduate (and that’s assuming the tuition costs don’t see a huge hike over the next four yrs)... As a side note, my partner has been supportive and is willing to relocate, but both of us are leaving a lot behind and have some concerns/doubts... It is causing some tension between us...
My financial concerns involve a fear that IBR will be pulled by the government. I am planning on a payment size above the min. required (i.e. large enough to cover the interest and slowly chip away some principle) so I can minimize taxes on the forgiven balance (i.e. hoping to make payments the size of the 25-year plan), but I also want to make sure IBR will remain as an option if I ever just can’t swing the larger payment amount.
I’m also concerned that I won’t be able to find a suitable job in veterinary medicine (i.e. interested in small animal/exotic companion and concerned about all the vet oversupply/“excess capacity” in small animal that I’ve been reading about lately). Unfortunately, I am NOT interested in working in areas not suited to my personality or abilities (i.e. not interested in public health, lg animal, etc). Sorry to be inflexible… Well, actually, no I’m not; we’re all different and this stuff just isn’t my cup of tea.
I am also exploring alternative possibilities for obtaining loan forgiveness via public service (loan forgiveness isn’t a deal breaker as there are other options like saving/investing to pay the IRS down the road but it sure would be nice to avoid that ‘tax bomb’ all together if possible). Again, I am NOT interested in working in ‘shortage areas’, food animal practice, lab animal, etc. Instead, I would like to know: Could teaching animal science and/or vet tech courses and/or maybe just general biology at a public HS and/or junior college be a possible route to loan forgiveness? This is an area I have an interest in anyhow, so if it can help out with loan forgiveness, this would sweeten the deal even more!
I am also concerned about work/life balance. Don’t get me wrong. I know vet school will be rigorous. I am up for a challenge and welcome it. I am even considering a rotating or soft tissue internship after I graduate because I really want my skills to be up to the task of providing quality care, but I’m a bit older/non-traditional and can’t see a reason to kill myself indefinitely… Although I do not have kids (have step-kids but they are older and only visit/don’t live with us FT) and will not be having my own kids, I still can’t see myself working stressful FT+ hrs/wk like many youthful new associates – I have other interests and a partner who I enjoy spending time with…
My ideal job (after possibly finishing an internship) would be PT (30 hrs/wk max) or contract work for a non-profit animal clinic/rescue group/shelter perhaps with PT community college teaching on the side (especially if this would help with loan forgiveness)… When I worked at a shelter, some of the animals had to have enucleations and/or amputations to save their lives. I’m assuming I would be qualified to perform these types of surgeries after a 1 yr internship (please correct me if I’m wrong) because I’m not interested in doing a residency – I’ll be too old and probably won’t want/won’t be able to deal with 3+ years post grad of 80hr+ weeks. Spay and neuter are very important for animal welfare, of course, but this would also be boring and counter to my own mental welfare if I NEVER did anything else, so I’m hoping a 1 yr rotating internship or 1 year soft tissue will be adequate to prep me for most basic surgeries typically done via non-profits… In fact, I’m very interested in working with non-profits and doing low cost surgery to help reduce economic euthanasia.
Here are some additional facts:
We already own our home (not free and clear but mortgage payment is low) – we are planning on renting it out while we live out of state during my vet school years. We expect this to cover the mortgage and property tax, but they’ll be no surplus/profit. Aside from the mortgage, we are currently pretty low debt - sure won’t be true once I sign that promissory note :-/
I love animals and science. I truly do want to help them in their darkest hour, but I don’t want to be pulling 50+ hrs in my late 40s either… I’m not concerned with making lots of money and do/will have modest sources of income in addition to income from vet med. On the other hand, I do NOT want to have a situation in which vet school loans put me in a worse situation (i.e. minimum loan payments so high that they actually worsen our financial situation. In fact, any loan payment would be undesirable if I can’t find an enjoyable PT job that will at least enable us to ‘break even’ on the cost of education)…
I discovered the veterinary calling later than most… I’ve been working toward this goal for about 5 years now – it isn’t like I decided to ‘go for it’ on a fleeting whim… On the other hand, I have (and still could) see myself doing other things… Vet school isn’t cheap… I have a somewhat flexible mind and even other “in-demand” aptitudes, so sure, I could do quite a few other things, but I still feel like I *have to* help animals for some reason... I’ve thought about the vet tech route, but I don’t think I could deal with the lack of autonomy (i.e. having to implement someone else’s treatment plan if I had a better idea or act on a diagnosis that I knew was inaccurate) or lack of utilization of my potential/capacity... The technologist route doesn’t appear to be much better from what I can tell although maybe I should explore it further??? In my area, we really don’t have technologists or tech specialists, so I’ve never met these guys. The clinic I worked at didn’t even have registered techs (although one gal was studying toward this goal).
I’ve been cautioned several times – “Don’t go to vet school. The profession isn’t what it used to be…” I have been told that if I could be happy doing anything else, then I should do something else… Is veterinary medicine really that bad? Is interesting PT work with a focus on improving animal welfare just a pipe dream?
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