New veterinary graduates express stress and confusion regarding student loan management and hesitate to recommend the profession

Ann Chavent, Anthony Bartels, Paul D. Pion and Mark Rishniw

No 6yvsz, EdArXiv from Center for Open Science

Abstract: OBJECTIVE: To assess financial attitudes, priorities, behaviors, and student loan repayment plans of newly graduated veterinarians, with a focus on well-being. SAMPLES: 235 newly graduated veterinarians from the 2021 class. METHODS: Participants completed a survey to assess their attitudes towards personal finance, perceived importance of various components of financial well-being, self-reported personal finance proficiency and behaviors, student loan repayment priorities and intended strategy, and likelihood to recommend the profession to peers. RESULTS AND RELEVANCE: Participants identified educational debt as a large source of stress and highly prioritized effective management of their student loans. Participants reported feeling neutral regarding confidence in their intended student loan repayment plans. Over 60% had not sought a financial counselor, most often because they did not know who to trust. There was a disconnect between participants’ repayment intentions and their financial situations. These findings and the associated stress and anxiety might help explain participants’ negative attitudes for recommending the veterinary profession.

Date: 2024-08-02
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/66aa9fc7b3d1f22c8ea1c021/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:edarxi:6yvsz

DOI: 10.31219/osf.io/6yvsz

Access Statistics for this paper

More papers in EdArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().