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 🤷♀️
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.
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.
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.
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.
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.
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."
news.vin.com
I saw this eating breakfast this morning- so concerning. Not meeting 50/77 protocols😅 and this quoteUniversity of Cambridge veterinary school under fire
Accreditation at risk after UK regulator finds multiple problems
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).University of Cambridge veterinary school under fire
Accreditation at risk after UK regulator finds multiple problems
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.
katv.com
www.avma.org
UF’s large animal hospital also doesn’t even have a large enough case load to sustain itself already.
When schools farm out clinics to private entities, they don’t have to care about caseload. I mean yes there’s some regulations regarding availability of clinical resources in regards to COE approval and accreditation, but if you didn’t see many cases or have a good experience, they’ll likely say you chose it and you should have picked something different. I went to a school with a hospital but they asked zero questions about where I chose to do my mandatory offsite rotations other than the place and who was the supervising vet. They had zero cares about those weeks aside from whether the supervisor filled out the pass/fail form.
I didn’t intend it that way but read into it what you want, haha.“Zero cares” …. ????
Is that code for something else? Like a different phrase?
lol
I have nothing to add to this other than hey, I'm also from Jax and glad to not be there anymore (though I do love the zoo) 😂
The VMLRP loan repayment program in the US does require you to commit three years to an underserved rural area. It’s been that way for many years. Same for the military vet med positions in the US…you get a scholarship or they pay your way or reimburse you in some way, and you owe them a certain number of years of service. But it’s voluntary to apply to these programs and if you don’t like the terms, you just don’t apply. From what I understand from being here on SDN for years is that Canadians can go to school in their province only or to a contract seat. But in the US, often half or more of a class is out of state students. Because of that, while I’d never say never, I think there’s enough of a cultural difference in regards to admissions culture and OOS options that it would be unlikely to work as well in the US. If people don’t want to return to their home state, they could just theoretically go to one of the many OOS programs…Canadians don’t have that luxury so it’s a bit different.
It certainly is a bit of a different application approach.
I did two years of undergrad & then applied! Two years is really the minimum you can do & complete all the course requirements, so I think relatively similar to the U.S. in that way.
That's completely fair, thank you for your input! The way they are enforcing it here is, since tuition is subsidised by the province down to about 15k a year, that if you violate the terms of the agreement they will bill you for the difference between it & international tuition, which is about 80k a year. So at 65k for each year they would bill you approximately 260k. You can get exemptions for doing residency or internships not offered in the province. In exchange, they added 8 new seats for NS residents. I'm curious as to how it will be received, because I can imagine the incoming class may be a bit resentful that as 2028s we have have freedom of choice on where to go after grad while still paying subsidised Canadian tuition, while 2029s & beyond don't.
As a NS vet, this is exactly what is going to happen. Within the next 5 years or so I think we're going to have people who are going to struggle to find the type of jobs they want or in the region they want. The demand is starting to slow down and the job market will catch up. I'm really happy to be out and established so hoping I will have some job security but really feeling for students who will be stuck in this position
The logic of this bill that it would incentivize schools to lower tuition because no one could afford it is crazy
Yup. People are just going to take out private loans instead. A bad idea but that's what will happen. That and I'm sure we'll see demographics shift more to wealthy people.
it's like I need my car to function in this society but if I can't afford my payments maybe they'll just lower the price for me!
Right now, it looks like there’s a three-year grace period for those who have already borrowed gradPLUS as of July 1, 2026. So, it basically means c/o 2029 would have access to it all years, and c/o 2030 would have no access at all.
... I think I'll be good because I'm taking GradPlus out for my masters this year...but I don't know...
I know, I hope you’d be protected since you have an initial year of your MPH, but I’m sorry there’s so much uncertainty.
You may be right, but I can also see an outcome where they just keep upping interest rates on private loans because of that perceived risk to them and the loans get even more predatory. Too many pre-vets have a “vet school at any cost” mentality and will pay it, especially in early years when horror stories about repayment are still sparse. To a certain degree, vet med is considered “recession proof”…I mean we definitely get affected by economy so I don’t truly believe we’re recession proof at all and the effects will be more than on dentistry or human medicine, but there’s going to be some demand because of how many people view their pets. And we could talk about like having to qualify for loans like you have to do for a mortgage, but the place students are in in life doesn’t have a lot of other debt like cars and mortgages, so I don’t know that that would work either. Plus that wouldn’t address the issue of essentially excluding lower income students from higher education. It’s a scary time and I’m nervous for prospective students. And I’m exceedingly grateful my loans are repaid.
I agree, I think that private loan entities will just have variable interest rates for different professions. MD/DO? 10-15% based on credit. Dentist? 12-16% based on credit. Veterinary? 16-25% based on credit.
Your grandparents charged YOU INTEREST??
Honestly, I was fine with paying interest, and just happy to know I could continue school. As a college kid, this loan was also what saved me from dropping out, and I am grateful for that.
I got undergrad loans from my gramma to pay for school, my parents were too rich for me to qualify for enough loans and too poor to actually help out with much of the costs. My gramma though was happy to help me out, but she did charge me interest (that started at 4% and gradually she lowered it to 2% because she didn't want to burden me too much). Just finished paying those off this year (graduated undergrad in 2009) because she didn't care about minimum payments and since her interest rate was lower than anything else I prioritized other stuff first. Eternally grateful to her but I have no idea what I would've done without her help.
She has her moments 🙂 Still has some, let's call it "generational" issues with some things but overall I'm glad she's still a part of my life & my last remaining grandparent.
