Veterinary Students
According to information provided on the UC Davis School of Veterinary Medicine web site, the average educational loan debt for graduating veterinary students has increased significantly over the past decade. In 1993, the average debt was $29,700 and in 2006 that figure jumped to $82,277 - that means the debt for veterinary students has almost tripled in just 13 years.
Another illustration of the bad financial news confronting veterinary school graduates: Approximately 65 percent of each graduating class from the University of Tennessee College of Veterinary Medicine (UTCVM) has educational debt. The average debt of these veterinarians was $60,000 in 2001 and 2002, $70,000 in 2003, and $80,000 in 2004 according to the University of Tennessee's Institute of Agriculture March 2005 newsletter.
You owe it to yourself to do due diligence when it comes to choosing a student loan. By choosing the best loan now, you can potentially save yourself thousands of dollars down the road.
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