UC Davis continues to offer the best value among veterinary schools based on the No. 1 ranking and updated financial information from the American Veterinary Medical Association.
AVMA recently released the 2020 Economic State of the Veterinary Profession, which includes data on veterinary schools, including information on the debt loads of recent DVM graduates. The report is free for AVMA members and available to all others for a fee.
The latest report found that the UCD School of Veterinary Medicine:
* The optimal debt-to-income ratio of all 30 US veterinary schools is 0.8, an improvement from the second optimal last year.
* Have the second lowest median debt of any of the 30 schools, an improvement from the third lowest last year; and
* Be one of the two schools with the highest median graduate starting salary (the top school of the two has not been identified, although UCD was number one last year).
The debt burden of UCD DVM graduates continues to decrease. In the most recent figures available, student debt compared to UCD graduates decreased by 19% median and 10% mean between 2018 and 2019. Student debt for these new graduates was a median of $ 96,958 versus $ 120,250 versus last year’s graduates, and an average of $ 91,486 versus $ 101,328.
UC Davis School of Veterinary Medicine is # 1 in the world and in the nation by QS World University Rankings and US News & World Report.
“I am pleased to see that we have further improved our standing in this AVMA report this year,” said Michael Lairmore, dean of the UC Davis School of Veterinary Medicine. “With our leading educational experience and excellent financial results, UC Davis remains the best value in veterinary education.”
UC Davis uses a combination of return to relief and philanthropy to keep costs down for its veterinary students. Additionally, the price of school attendance for California residents has not increased significantly since 2011/12. Price stability combined with the increase in subsidies has contributed to a decrease in graduate debt.
The school awards hundreds of scholarships annually, provides external funding for fourth year students in need, and returns millions to provide grants in the form of grants to all students who pay tuition and fees.
Most students receive a minimum repayment fee grant of approximately $ 7,100 per year plus $ 500 for a one-time computer technology grant that is approximately $ 28,900 over four years. Resident tuition and fees are $ 32,127 – nearly a year of return to aid alone – not counting grants funded by donors.
The school’s donors have supported scholarship funds that provide approximately $ 3.3 million annually to DVM students.
The school provides funding for third year internships and other educational activities.
Overall, UC Davis supports its 600 or so DVM students with around $ 7.6 million annually.
Keeping veterinary school affordable also benefits society. Low-debt graduates have greater flexibility for:
* Continuation of scientific or clinical education that leads to better patient care and scientific and medical breakthroughs;
* Pursuing careers in the public sector, which generally pay lower salaries than the private sector;
* Focus your professional work on the less common veterinary specialties or underserved geographic areas. and
* Give back to the profession and offer leadership / mentoring to address mental health issues in the veterinary community (financial stress leads to a decrease in mental wellbeing).
You can find more information on study grants at www.vetmed.ucdavis.edu/education/financial-aid-info.
To make a donation to support the students, visit https://give.ucdavis.edu/VDVM/V7D0037 or contact Hnouzong Her at [email protected] or 530 752-7024.