Veterinary Debt Initiative: Advocacy for Financially Sustainable Careers
Learn about the Veterinary Debt Initiative (VDI) and its mission to address educational debt issues in veterinary medicine. Discover the VDI's strategic plan, advocacy efforts, and resources to help veterinarians thrive in rewarding and financially sustainable careers.
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Presentation Transcript
Veterinary Debt Initiative Status Update October, 2019
Veterinary Debt Initiative Fix the Debt summit at Michigan State University (2016) which evolved into 10 volunteer-driven working groups Re-organized in 2018 to the current Veterinary Debt Initiative (VDI) with co-lead organizations: American Veterinary Medical Association (AVMA) American Association of Veterinary Medical Colleges (AAVMC) Veterinary Medical Association Executives (VMAE) The vision of the Veterinary Debt Initiative is for veterinarians to thrive in rewarding and financially sustainable careers. The mission of the Veterinary Debt Initiative is to educate, advocate and provide leadership to ensure veterinarians can pursue a lifetime of financial success in a personally and professionally rewarding career.
Veterinary Debt Initiative Educational debt is problem across many professions Acute and complex problem in veterinary medicine Addressing issue through collaborative efforts of Veterinary Debt Initiative VDI goal: Veterinarians to thrive in rewarding and financially sustainable careers VDI provides education, advocacy, research, outreach To learn more visit VeterinaryDebtInitiative.org
VDI Strategic Plan Get the word out Advocacy Develop resources Research and metrics
Get the word out: communications VDI Roundup Gather news and updates related to the Veterinary Debt Initiative: Collect and disseminate relevant information to and from the veterinary profession to help veterinarians navigate the critical junctures in the financial pathway of their careers. Establish an ongoing communications process that are simple, useful and easy to understand. Visit the VDI website to access the VDI Roundup, including feature: Q&A on Innovative Employer Student Loan Repayment Program
Advocacy Protecting and improving the Public Service Loan Forgiveness program. Increasing awareness of income-driven repayment plans. Lowering the interest rate and restoring the subsidy for veterinary students borrowing Stafford Loans. Ensuring Congress doesn t lower borrowing limits on graduate student loans. Encouraging the veterinary community to make their voice heard and join federal advocacy efforts by becoming active in the AVMA Congressional Advocacy Network: http://avmacan.avma.org
Develop Resources Information on tuition and the cost of education Student loan repayment resources
AAVMC Highlights The AAVMC has produced a variety of interactive digital tools that help applicants/students learn more about the cost of education The AAVMC has recently established a formal relationship with the Association of Veterinary Advancement Professionals to strengthen academic veterinary medicine s ability to develop public appreciation and financial support for the profession. The AAVMC has recently established an award that recognizes scholarship fund-raising excellence among veterinary medical colleges. The AAVMC supports the VETCAN Veterinary Career Advisor Network, which assists students in career development. Many veterinary medical colleges that are members of AAVMC have assembled working groups and task forces to examine the issue of tuition, debt and financial sustainability.
VMAE Highlights The VMAE is building grassroots-level awareness of educational debt by providing informational stories and news items that state and allied VMAs can disseminate through their communications channels. The VMAE has developed resources on its website (www.vmae.org) so that state and allied VMAs have a central source of educational debt information and tools they can make available to their members. The VMAE is actively seeking and sharing success stories from veterinary employers that have instituted practices to help employees manage or pay their educational debt.
AVMA Highlights AVMA s MyVeterinaryLife.org website is for veterinary students and early career veterinarians and has resources and tools to help manage personal and professional finances. It includes a series of online modules on educational debt management. AVMA Axon s Financial Health section has online modules on personal finance and loan repayment. This summer AVMA s VDI team published a dvm360 article and developed a page dedicated to Public Service Loan Forgiveness Program on avma.org. In addition to the programming held at AVMA Convention 2019, VDI updates and related programming will occur at the Veterinary Wellbeing Summit, the AVMA Veterinary Leadership Conference, Western Veterinary Conference, and SAVMA Symposium
Veterinary Debt Initiative For more information: www.veterinarydebtinitiative.org
