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The same issue is happening in veterinary medicine. We are pumping out too many vets. More schools are opening up and many schools have increased their class sizes. There are many undergrad students that don't get into a state side school so now they are going overseas to vet school where their debt can easily reach 250,000 to 300,000 (for example Ross university which is a for profit school). Try paying 250,000$ off with a 60,000$ a year salary-and this is if you can get a job. I have tried to educate some of these pre vet students on the student doctor network message board-but they don't want to hear it. Many think they won't have any problems getting a job or that it is all rainbows and unicorns once they graduate. They are in for a big surprise. I was talking to a 4th year vet student this May and she said 60% of the 2012class did not have a job yet. My class (1997) had at least 3 job offers each by early spring. We could pick and chose where we wanted to go.
I have trried to warn them and have gotten nothing but rude responses. At this point I don't give a rat's ass if they drown in debt.
Does anyone have any opinions on the income based repayment that the government is now offering? Many of these students are saying they are just going to depend onthis when they graduate but I have a feeling this program will not last.
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