Hey Guys,
So, cateyes was good with her answer. So when they say:
"Savings that have not been in an account in your name for at least one year prior to the beginning of your residency review period"
They are referring to money that you made out of state. So if say you worked in New York for the summer before vet school, then you can't technically use that money to pay for school. Now once that money is in your account, they can't tell whether that money is from New York or from Ohio.
However, here is what it all boils down to. Your money from Ohio (income (LOANS)) has to be GREATER than your expenses. If that happens, then you should be in the clear. A good way that they check this is, they look at your bank statement before you moved to Ohio. Say you have $2,000 in your account. If you have MORE than $2,000 at the end of the calendar year, then you should be fine.
And they are VERY serious about outside gifts. They basically don't want your Uncle from California to give you a "gift" of $20,000 that he had to take a loan out for. That won't fly. Birthday gifts and what not, should be fine. Like my grandfather sold some land and gave the money to his grandkids (i.e. me!). It wasn't a lot but I still asked him to keep the paperwork just in case.
And when they are talking residency, they include everything, not just room/board, but health insurance, car registration, credit cards, everything. However they are really lenient, so don't freak out!
Examples of leniency: Lots of people have cars that their parent's pay for, and they just "borrow" them, so they don't have car payments. That works. Like for me, my dad pays my cell phone bill, so my bill there is $0.
So there are whole lots of variations, especially if you have a spouse or are in the military. But that's another story.
Basically remember this, your income must be greater than your expenses at the end of the year.
And getting a job in Columbus can be difficult if you aren't a registered technician already. But don't despair, because you can still use that money from out of state, you just have to have more money than what you started with at the end of the year.
Yet again, why I moved early!
Also, side note is that the residency counselers come speak to all the out-of-state students early in the fall to keep you on track!
I hope this helps! Let me know if you have any other questions!
