Current first year vet student. Someone, please tell me not to be so freaked out about this.
I didn't know there were so many issues going on when it came to loan repayment. They don't tell you this when you apply to vet school.I regret not doing more research but was assured by many that repayment is attainable.
Of six acceptances, I chose the most affordable program with no hesitation, knowing I will be taking out loans to pay for tuition and COL. I had no prior debt and tried really hard to set myself up to be in the best possible place financially when I graduate. But I probably wouldn't have accepted any seat if I had known there may be a real possibility I wouldn't be able to pay these loans back. Now, here I am, starting my second semester of vet school with somewhere around ~100k in loans for year 1. (Non-resident student, but only for first year).
I expect to graduate with ~200-250k in debt. I knew this from the beginning. I plan to take full advantage of any repayment opportunities such as VMLRP and I had every intention to utilize SAVE or income based repayment plans.
But now, with everything I've found out about others who are struggling because of ongoing legal crap regarding repayment and with this new administration about to take office, who knows what options I will have (because $1600/mo just isn't a very good one).
I guess I am just looking for someone to tell me it's going to be fine.