Boring, I know. After a relatively uneventful weekend and not much else going on (besides the fact that I joined a singing group, what?!), one thing that’s always on every broke college kid’s mind is money. I’m not just talking about how I’m going to pay for groceries or when my next phone bill is due. I’m talking about the interest that is accumulating on my loans as I sit here writing this blog. I’m talking about the thousands of dollars of debt I’ve already accumulated from undergrad. I’m talking about the $55,000 I’m paying a year to the AVC. I’m talking about the $300,000 of debt I’m expected to graduate with.
First off, I’ll start off by saying thank goodness for student loans because without them I would not be in vet school, and without help from my parents I wouldn’t even have an undergraduate education. Second, that six figure number is TERRIFYING. I have read so many articles lately on the trajectory that the field of veterinary medicine is taking. Doesn’t look so good financially. I’ve accepted that I’m not getting into the field to make the big bucks. Contrary to popular belief, veterinarians generally aren’t loaded, especially not in the field of large animal medicine. As the articles I’ve attached state, the median starting salary is around $45,000. Not bad, most people would be happy with that. However, if you consider how much debt needs to get paid off with that $45,000 a year, not to mention living expenses, insurance, etc., $45,000 starts to seem like not much.
Unfortunately, all of these articles started coming out during my application process, after I had spent a couple thousand dollars on applying to only six schools (yeah, forgot to mention the applications are pricey too!). Ha! Like I didn’t already know loans would be a lot. Just like I had no idea I wasn’t going to be rolling in the big bucks upon graduation. Working for vets, I’ve seen how hard it is. The economy is struggling, owners are struggling to pay, vets are struggling to get paid. It’s a vicious process, but we all want the same for our animals. We all want them to be happy and healthy no matter the cost. Would these articles have deterred me earlier in my process of becoming a vet? Probably not. I was never in it for the money, so bring it on student debt! Though any scholarship opportunities would certainly be welcomed with the open arms of myself, my parents, and fellow in-debt students.