A Veterinarian’s Guide to Student Loan Repayment
November 19, 2025
As veterinary students embark on their first post-grad career, tackling student loan debt can be a significant challenge. While the average debt-to-income ratio for new veterinarians is considered manageable, the emotional weight of debt can be a heavy burden. According to a joint study by the AVMA and the Veterinary Information Network (VIN) Foundation, many new graduates feel stressed and confused about their loans. This is why understanding your options and seeking support is so important, and why Vetcor has resources set in place to help.
First, you need to understand your repayment options
There are two primary types of federal loan repayment plans: Fixed Payment Plans (aka Standard Repayment Plans) and Income-Driven Repayment (“IDR”) Plans.
- Fixed Plan: Borrowers typically have a 10-year payment plan. This plan often has higher monthly payments, but you will pay less interest over time.
- IDR Plan: This plan is based on your income and family size, and any remaining balance after a set number of years becomes forgiven.
Before making any decisions about your repayment options, evaluate your personal goals. Tools like a Loan Simulator can help you estimate your monthly repayment options, and talking with a financial advisor can help you navigate the process, better understand your budget, and reduce financial stress.
Explore loan forgiveness and assistance programs
Some borrowers are eligible for loan forgiveness through programs like the Veterinary Medicine Loan Repayment Program and Public Service Loan Forgiveness. Additionally, organizations and foundations may offer scholarships that can help ease your financial situation.
- Veterinary Medicine Loan Repayment Program (VMLRP): The National Veterinary Medical Servies Act helps qualified veterinarians offset a portion of their debt in return for working in certain high-priority locations where there are veterinary shortages. Learn more about the VMLRP here.
- Public Service Loan Forgiveness (PSLF): The U.S. government administers and forgives debt on eligible loans for borrowers who have worked at least 10 years in public service or the nonprofit sector. PSLF is an option for many veterinary professionals, but there are restrictions determining who qualifies. If you’re wondering whether this is a good option for you, review this outline on eligibility from the AVMA.
Join Team Vetcor and receive benefits that help your financial well-being
At Vetcor, we know that your financial well-being is key to a happy and successful career. We understand the emotional toll that debt can take, and we want to help you avoid financial obstacles. That's why we're proud to offer Brightside, a free and confidential financial care benefit for our employees.
Brightside provides real solutions and personalized support for every money need, including:
- Student Loans: Connect with a Brightside financial assistant to understand all your options based on your full financial picture. Get a closer look at Brightside’s approach to loan forgiveness here.
- Debt and Credit: Pay off debt faster, save money on interest, handle debt in collections, and improve your credit score.
- Saving and Spending: Find deals on everyday purchases, avoid hidden fees, and make money in a high-interest savings account.
- Urgent Assistance: Receive support for crisis situations like eviction or lack of transportation.
- Emergency Money: Access cash and loans for unexpected expenses like repairs and past due bills.
- Life Events: Get help navigating the financial impacts of divorce, birth of a child, death of a loved one, reduced income, illness, and understand ways to prepare for retirement.
At Vetcor, we understand the emotional and financial challenges that new veterinarians face, and we are dedicated to providing the support you need to thrive. All of our current opportunities come with competitive pay, and many also offer signing bonuses; However, our commitment to your well-being goes beyond a paycheck—it includes offering valuable resources like Brightside to help you navigate your finances and build a secure future. If you're looking for a team that genuinely cares about your success and wants to help you have a fulfilling career, we invite you to explore our opportunities and join Team Vetcor.
