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- ISU CVM
An Iowa State University Doctor of Veterinary Medicine degree is a great value for our students.
Our resident and non-resident tuition and fees rank near the bottom of the nation's veterinary colleges. Iowa State is ranked as the lowest for the total related costs of education for Iowa residents and 28th out of 31 schools for non-residents.
Still, becoming a DVM is expensive. The average student debt for residents is $107,000 while non-resident debt is $146,000.
Iowa State's College of Veterinary Medicine is working to slow the growth of the cost of a veterinary education by continuing to grow the school's scholarship program, which has increased 10 percent over the past three years. For the 2016-17 academic year, $725,000 in scholarships were awarded to DVM students.
Financial literacy for DVM students begin long before starting veterinary medicine classes. The key to a student's financial success rests with properly managing your limited budget. Here are a few helpful hints for DVM students to reduce the stress associated with financial hardships.
Before borrowing funds for their education, students should learn about the loans so that they understand what they need to consider before deciding to take out a loan. The Federal Student Aid website provides detailed information on available federal loan programs, as well as repayment plans, loan consolidation, deferment and forebeance. Information on the types of financial aid available to students is also available.
There are additional programs that provide scholarships or deferments including:
The American Veterinary Medical Association (AVMA) offers a personal financial planning tool that allows individuals to build a personalized estimate of veterinarians' budget needs so plans can be made on how to repay debt in an acceptable time frame while also saving for the future.
A variety of budget and cost of living calculators are also available:
Financial planning begins the day a student matriculates. A financial literacy advisor provides seminars and individual guidance in financial planning. Topics include: Credit and Credit Scoring, Student Loan Repayment Options, Retirement, Investment and Job Benefits, as well as individual financial planning afternoon appointments in Room 2250 Vet Med. To schedule an appointment contact firstname.lastname@example.org. Learn more about what Iowa State University's Student Loan Education Office offers online.