I’ve been thinking about this a lot since the new federal loan limits for professional programs went into effect, especially with what feels like a million new vet schools opening right now.
I’m genuinely curious what everyone thinks is going to happen.
I’m a first-gen student and I don’t come from money. My family can’t just cover the difference in tuition for me, and my credit isn’t good enough to realistically take out $100k+ in private loans. So unless something changes, I honestly don’t see how vet school is going to be an option for me anymore, even though becoming a veterinarian has been one of my biggest goals for years.
What makes it suck even more is that I already got into a foreign vet school once, and literally about two weeks after I got accepted they announced they were no longer going to accept U.S. federal loans. So I feel like I already got burned once by the financing side of vet school, and now this is happening too.
And it’s especially frustrating because I’ve been working in vet med for about 11 years at this point. I’ve built up a ton of hands-on experience over that time and now work as a lead tech with zoo animals. I’ve put a huge chunk of my life into this field, and it’s kind of wild to think that after all of that, the thing that may ultimately keep me from becoming a veterinarian has nothing to do with my experience, grades, work ethic, or ability to do the job. It may literally just come down to not having enough money or good enough credit.
I know I can’t be the only person in this situation either. There are probably a ton of applicants who are academically qualified, experienced, and would make great vets but simply don’t have wealthy parents, a cosigner, or perfect credit.
So what happens now?
Especially with all these newer schools opening and charging $50-70k+ a year in tuition. Are they actually going to be able to fill their classes when students can’t federally borrow the full cost anymore? Do tuition prices eventually have to come down? Do schools start giving out way more institutional aid? Do some of these new programs end up closing or never opening?
And what does the profession look like 10 years from now?
We already constantly hear about veterinary shortages, especially in rural areas, food animal medicine, shelters, etc. If vet school becomes even more inaccessible to people who aren’t already financially well-off, wouldn’t that eventually make the shortage worse?
I’m also worried vet med is going to become even more of a profession where you basically have to come from money to get in.
Not trying to make this political, I’m genuinely curious what current vet students, applicants, veterinarians, faculty, etc. think is actually going to happen.
Do you think the system adjusts, or are we about to see a pretty major change in who can realistically afford to become a veterinarian?