The basic background story…our daughter recently received a bachelors degree in animal science with a focus on equine health and still working on a double minor from UVM. She is an excellent student and a fantastic human being who seems dedicated to someday becoming a veterinarian. Fortunately with scholarships and hard work she has zero debt from her undergrad education. Currently she is working on applications to veterinary schools across the country with high hopes of getting accepted and attending a graduate program beginning in the fall of 2027. If she gets accepted, she (we) will have no choice but to finance the majority of the remainder of her education. We are obviously super proud of her and excited for her future but nervous for the financial burden that she will face during this time. We have made it clear that we will support her as much as possible but she will end up with a significant amount of debt after grad school. She is expecting to have very little time to have a job that would make any significant difference in her finances so her plan is to finance tuition, housing and living expenses. I’m estimating that will be somewhere in the neighborhood of 100k per year!? That seems insane to me but don’t know how else she would do it. My wife and I are both hard working but regular blue collar people (without any rich relatives). We will do our best to help but that’s a very scary amount of debt! I worry about the long term effects it might have on our daughter and potentially us.
Any advice, experiences or suggestions on how to help with this process this would be greatly appreciated.
Any advice, experiences or suggestions on how to help with this process this would be greatly appreciated.
