Grants for College-bound Veterinary Science Students
Veterinary school can be a costly endeavour, with the average cost for a four-year degree reaching $200,000. However, there are several options available to help fund this journey. This article will explore the interest rates offered by various student loan providers and highlight some scholarships specifically for veterinary students.
Student Loans
Several student loan providers offer loans for veterinary students. Here are some of the interest rates they provide:
- Credible's website offers student loans with interest rates ranging from 4.88% to 8.44%.
- SoFi® offers student loans with interest rates from 3.18% to 15.99%.
- College Ave offers student loans with interest rates from 2.89% to 17.99%.
- Funding U offers student loans with interest rates from 7.95% to 12.49%.
- Ascent offers student loans with interest rates from 12.98% to 14.93%. MPOWER and Earnest also offer student loans with interest rates from 12.99% to 15.99% and 4.35% to 9.99%, respectively. Sallie Mae offers student loans with interest rates from 2.89% to 17.49%.
It's worth noting that Ascent is known for its customer support and wide availability, while MPOWER does not require a credit score. Earnest requires a minimum credit score of 665.
Scholarships
Scholarships can be a way to pay for vet school without having to repay the funds. Here are some examples:
- The American Pointer Club scholarship awards $1,000 to any student entering their third or fourth year at an accredited veterinary school.
- Scholarships for veterinary school may be based on specialty, location, and other criteria. For instance, the Jim Steere Memorial Veterinary Student Scholarship is open to all veterinary students, awarding a total of $3,000.
- The Nebraska Veterinary Medical Association Scholarships support students who graduated from Nebraska high schools.
- The John D. Spurling scholarship supports future veterinary practitioners and researchers, providing five awards annually for a total of $10,000.
Private student lenders rarely offer specific grants exclusively for veterinary students. However, private student loans with favorable terms may be available. Additional funding often comes from scholarships by various foundations, state support such as BAföG, and income from relevant part-time jobs like animal care or tutoring.
In conclusion, while veterinary school can be expensive, there are several options available to help fund this journey. Whether it's through student loans with favorable interest rates or scholarships specifically for veterinary students, it's important to research and choose the best option for your individual needs.
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