Class of 2020 Student Loan Playbook - VIN Webinar

ATTENTION VETERINARY CLASS OF 2020 -- Get the answers you need to get your loan repayment plan started. Save time, money, and stress learning from our mistakes.

Do you have student loans? Are you confused about how or when to get your repayment plan started? What’s the “best” strategy for paying your student loans now that you’ve graduated veterinary school? Does COVID-19 impact any of those plans?

If you have or know someone who has the same questions, VIN & VIN Foundation have answers!

Register now for the third annual New Veterinary Graduate Student Loan Playbook webinar to learn why and how a Federal Direct Consolidation Loan can jumpstart your student loan repayment plan ASAP to save you time and money.

On Wednesday, May 6, 2020, 8:00 PM EDT, join Tony Bartels, DVM, MBA, to learn why ending your grace period early and starting your repayment plan ASAP is more beneficial than waiting. Learn more and register here!

Easy reference on interest rates

Whether you are starting your first year or counting down the final days until you begin your first real job, it is important to understand the student loans that you have been reliant upon for sustenance for the past several years.  Since there are no longer subsidized loans for graduate students, below is a table explaining the various interest rates for student loans that are dispersed by the government.  The rates highlighted in yellow should be of particular interest during your time in graduate school, although loans from undergraduate may be subject to the rates that are not highlighted.

However, more important than understanding the rate of your loan is understanding a logical way to manage and pay back your student debt following graduation.  It is no longer uncommon to find that student loans may be coming from multiple sources, with varying rates, due dates, and amounts due per month.  For this very reason, the website https://www.tuition.io/ was created. This website is designed as a management tool for those with student loans to provide guidance towards how much money should be going where and when. For those familiar with www.mint.com, this is a very similar concept.  For a brief review of this site, please visit http://mashable.com/2013/08/13/tuitionio/ .

For a more detailed explanation concerning the 10-year treasury note index, please visit http://www.treasurydirect.gov/indiv/products/prod_tnotes_glance.htm.

How to consolidate your student loans:  http://studentaid.ed.gov/repay-loans/consolidation

Another Great Tool ""Your Guide to Paying Off Student Loans'"

New tool for managing student debt

Tuition.io is making it easier for students to empower themselves on the intimidating subject of student loans. Their website boasts a helpful personalized organizer and blog with updates on loans. Here's what Tuition.io has to say about their management software: "Not sure who you owe or how much you owe them? Get the whole picture with your loan overview, a simple tool that tells you the basics of your situation with just a glance."

Another Great tool for managing your debt: https://www.bankrate.com/loans/refinance-student-loans/#introduction