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The Challenge of "Fixing the Debt": Recommendations from the Summit
Donna L Harris1, Harry M Chaddock2
1Michigan State University College of Veterinary Medicine. A 211 Veterinary Medical Center, Michigan State University, E. Lansing, MI 48824, 616-886-1366.
Abstract:
With education debt repayment taking up a significant amount of veterinarians' salaries, for a significant time into the working years, concern has been building that the current debt to starting salary ratio in the veterinary profession is not sustainable. The current ratio is 1.99:1, but it can be significantly higher for students who attend schools as an out-of-state resident. In April, 180 people concerned about this issue gathered at Michigan State University's College of Veterinary Medicine for a Fix the Debt Summit, which focused on actions that would reduce this ratio to a more sustainable level. Attendees were students; new graduates; those working in veterinary academia; employers of veterinarians; and those affiliated with the profession, such as professional associations. As solutions were proposed, participants also committed to taking action within their field of influence.
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