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24 yr old vet student in loads of debt!
01-09-2013, 10:11 PM
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#1
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Confused about dryer sheets
Join Date: Jan 2013
Posts: 2
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24 yr old vet student in loads of debt!
I'm a 24 year old vet student with $56,000 in student loans. I'm in the middle of my second year and will graduate in 2015. I have no income; I live strictly on student loans and only have time to work during the summer. My estimated debt upon graduation will be $128,000.
Aside from vet school, I'm a figure athlete and fitness enthusiast. Most of all, I'm excited to interact with people who know more about money than I!
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01-09-2013, 10:16 PM
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#2
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Recycles dryer sheets
Join Date: Mar 2009
Location: Akron
Posts: 130
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Oh crap. Youre living on part of your student loans? 
Thats not a good strategy. In fact, Im 100% certain that you can graduate with significantly less than 128K in debt. Do some soul-searching. You have got to think of some ways to cut costs or raise income. 
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01-09-2013, 10:23 PM
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#3
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Full time employment: Posting here.
Join Date: Jan 2012
Posts: 518
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Welcome!
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01-10-2013, 05:22 AM
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#4
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,724
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Hi cjdavi. What school are you enrolled in? Isn't there any possibility for financial assistance from them?
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01-10-2013, 05:37 AM
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#5
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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 Quote:
Originally Posted by Cjdavi
I'm a 24 year old vet student with $56,000 in student loans. I'm in the middle of my second year and will graduate in 2015. I have no income; I live strictly on student loans and only have time to work during the summer. My estimated debt upon graduation will be $128,000....
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I wouldn't be surprised if this is not very typical of vet and med school students. You should have no trouble paying it back once you start practicing.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-10-2013, 06:20 AM
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#6
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Confused about dryer sheets
Join Date: Jan 2013
Location: Linn County
Posts: 2
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Hello Cjdavi,
I think that is a great field to be in. According to the Bureau of Labor Statistics there are about 2500 graduates each year compared to roughly 2200 new jobs each year. The amount of student debt you will have accumulated is right up there with most grad students. Are you specializing in anything that will give you an edge over the other grads for a job? Or are you starting your own practice?
__________________
Don't Get a Job, Start a Business!
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01-10-2013, 08:35 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,242
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Sounds a bit like my nephew.... but he is planning to work on people instead of animals....
Good luck in your future...
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01-10-2013, 08:52 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Good luck and congrats--it is super hard to get in to vet school, that's for sure.
Our much-loved own vets seem so much happier (yes, even with the debt load) than their "people doc" counterparts. Just keep the lifestyle in check once you get out and try to get the debt done as quickly as possible when you get out.
Working emergency or specialty medicine (and working the odd shifts) will go a long way to getting you where you want to be. And then you can look at buying or starting a practice of your own. That is when your lifestyle sacrifices will be worthwhile.
My own vets just started their own practice this past year, after working about 8 years for another general practice vet. They seem so much happier and in control of their schedule now.
Welcome!
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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01-10-2013, 09:09 AM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Texas
Posts: 1,038
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How many people have got 2 to 3 years into a degree program and not finished it? Or something else happens that prevents them from getting the high paying job.
Better minimize what you borrow as much as you can. Don't count on future earnings too much. They are not a sure thing.
__________________
In theory, theory and practice are the same. In practice, they are not.
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