DISCUSS: News on Future veterinary schools

[vampyrica]

Does anyone know what happens if fafsa is axed? Like if DT actually eliminates the department of education and fafsa doesn’t exist how would we get our loans? Through only private loan service providers like Sally Mae? What would this do to interest rates ?😅😅 I know it’s not happening immediately but this would be the difference of me being able to finish school or not so if anyone has any insight lmk

These are super valid and important questions to ask!! Doesn't matter how early. If abolishing the DOE was part of the plan, then we need to start thinking of options. I have FAFSA and private loans through my bank for undergrad. My current private loans have a 7.11% interest rate and I pay $400 a month, I can fully expect that to go up should things start to go south 🤷‍♀️

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[SV88]

Does anyone know what happens if fafsa is axed? Like if DT actually eliminates the department of education and fafsa doesn’t exist how would we get our loans? Through only private loan service providers like Sally Mae? What would this do to interest rates ?😅😅 I know it’s not happening immediately but this would be the difference of me being able to finish school or not so if anyone has any insight lmk

I can ask my husband what his student loan planning company said. He's in the payment stage, been out of school for a decade, but they held an emergency webinar on Wednesday with some brief updates. Of course, that would be the paying stage not the we want to go to school stage, where I'm at, but it matters too.

 

[VeggieTrex]

All I am going to say is, I would be very worried about economic outlook in the US if mass deportations and tarrifs go into effect. It could well make the great recession look like childs play. I've been tracking the far-right movement for a decade at this point and there is reason to be worried many of their worst impulses will be validated.

I'm also well off enough to probably be okay regardless and live in a blue state with a very proactive governor. But my husband is a first-gen Mexican immigrant, whos dad didn't come legally. Maybe things will be less bad than I expect, but I remember last term. It will get way worse.

 

[battie]

Does anyone know what happens if fafsa is axed? Like if DT actually eliminates the department of education and fafsa doesn’t exist how would we get our loans? Through only private loan service providers like Sally Mae? What would this do to interest rates ?😅😅 I know it’s not happening immediately but this would be the difference of me being able to finish school or not so if anyone has any insight lmk

Yeah, essentially youd only have private loans. The difference is private loan companies match the overall APR of the country in general. So while loan rates right now are high, they're high because loan rates for everything are high. When interest rates are low, student loan rates (either initial loan take out or refinancing) will be low. This is how things were prior to government involvement with student loans.

Federal student loans have zero ties to the country wide APR and are set arbitrarily by Congress each year with the budget.

So it's entirely possible that interest rates for private loans will actually be lower. However, the benefit of government loans were the payment and forgiveness options. You have none of that with private loans.

Not for nothing, student loans via the government are considered one of the main reasons higher education costs are going up so much and so quickly. It's likely that many smaller sized colleges that cost the same or more than state public schools would like crash and die

mass deportations and tarrifs go into effect

I'll bet my entire student loan debt I was *supposed* to have (282k) that mass deportations don't happen just like the wall didn't really happen. It's too expensive and Americans simply don't want to work those jobs; would also likely need an act of Congress to get the money and there are too many Republicans that know the numbers and are truly still fiscally conservative. There will be a show of it with easy to sell populations of immigrants like those that commit violent crimes. But I'm in doubt as to whether my husband's coworkers are the hotel are at major risk.

Tariffs are absolutely going to happen though, cause he can do that unilaterally without Congress. Eventually the population will learn though that we pay that rather than the country selling us the product.

 

[pp9]

Tariffs are absolutely going to happen though, cause he can do that unilaterally without Congress. Eventually the population will learn though that we pay that rather than the country selling us the product.

People underestimate how much the US can't provide its own citizens. Simple goods like bananas, coffee, sugar, other crops we can't grow well or enough of, but absolutely expect to purchase at the store without the 'do I really need this?' internal debate. Lumber. Technology. Pharmaceuticals. I could go on. The US won't be able to 'source from within' for most of what we import because we don't produce those things now, and these companies absolutely will not increase production/plants/whatever and will instead just further increase prices.

So it's entirely possible that interest rates for private loans will actually be lower. However, the benefit of government loans were the payment and forgiveness options. You have none of that with private loans.

This was the case with my private loan. The interest rate was actually significant lower, which is super attractive to those headed towards lucrative careers.

If we do go to all private loans, I'll be curious to see if applicant numbers for vet school start to drop. Part of me thinks they would for obvious reasons. The other part of me knows that the typical 22 year old prevet wants the career no matter what, because life is easy when you're 22 and haven't faced the music yet.

 

[battie]

If we do go to all private loans, I'll be curious to see if applicant numbers for vet school start to drop.

I think college enrollment will sink like a rock across the board. The private sector is already dropping the need for a bachelor's degree in positions that don't actually need it. Degrees that can't guarantee a decent ROI will be cut hard.

 

[deleted867257]

Has anyone met with a lawyer yet regarding verbiage for an addendum within your contract about not being required to expected to oversee, supervise, or mentor a VPA?

 

[battie]

Has anyone met with a lawyer yet regarding verbiage for an addendum within your contract about not being required to expected to oversee, supervise, or mentor a VPA?

No, pending our upcoming doctor's meeting on Wednesday, I'm going to request it be in plain English: " Will not oversee or manage VPA individuals in anyway."

 

[battie]

University of Cambridge veterinary school under fire

Accreditation at risk after UK regulator finds multiple problems

news.vin.com

Another veterinary school (though not AVMA accredited) taking a hit. Posting as a specific example of other countries facing their own cultural dilemmas within the industry.

 

[Cowsrcool]

University of Cambridge veterinary school under fire

Accreditation at risk after UK regulator finds multiple problems

news.vin.com

Another veterinary school (though not AVMA accredited) taking a hit. Posting as a specific example of other countries facing their own cultural dilemmas within the industry.

I saw this eating breakfast this morning- so concerning. Not meeting 50/77 protocols😅 and this quote
“Among more serious concerns expressed by the RCVS are that the school's large animal isolation facility is not "fit for purpose," and that large animals with clinical signs requiring isolation "would automatically be euthanised."

 

[pp9]

University of Cambridge veterinary school under fire

Accreditation at risk after UK regulator finds multiple problems

news.vin.com

Another veterinary school (though not AVMA accredited) taking a hit. Posting as a specific example of other countries facing their own cultural dilemmas within the industry.

I find it strange that some of the specified shortcomings were probably there in the 2020 inspection (paper records, questionable large animal isolation, etc).

Do we have any UK people on here?