CVC Live: Student debt and the economies of practice
Nov 9, 2009 DVM360 MAGAZINE
Student debt increased 8.5 percent over last year, with the average student owing about $129,976 upon graduation, according to a new study published Sept. 1 by the American Veterinary Medical Association. And more than a third of new graduates owed more than $150,000.
These financial realities influence the choices new grads will make down the road about what jobs to accept or whether to buy a practice. We got some insight into how these issues could play out for practice owners from Dr. Michael Andrews, who participated in the DVM Newsmakers summit on this topic at CVC San Diego.