Veterinary Medicine Students

Upcoming Dates

August 2017

Understanding Your Financial Aid Award

Loans

The FAFSA must be filed every year to qualify for loans. All loans are in the student’s name and repaid when the student stops attending and/or graduates. Detailed information about each loan is available on our loan comparison guide.

The Unsubsidized Loan is available to all FAFSA filers:
Aggregate Borrowing Limit
for CVM students
Annual Borrowing Limit
for CVM students
*Interest Rate
July 1, 2017 to
June 30, 2018
*Origination Fee October 1, 2017 to
September 30, 2018
$224,000 $40,5006%1.069%
*The interest fee and origination fee are subject to change on an annual basis

Scholarships

The Iowa State University College of Veterinary Medicine coordinates a scholarship and award program that benefits nearly half of all Veterinary Medicine Students.

Students are selected for scholarships and awards by the CVM Student Awards Committee, which is made up of seven faculty members from throughout the College. The committee receives input from many other faculty and students during the process of selection.

Because the dean and faculty want each student to be considered for scholarships and financial awards, a general application for all CVM scholarships and awards is distributed in November to every student in the professional curriculum.

  • A limited number of scholarships are available for incoming first-year students
  • An application for these scholarships is included with the student’s offer of admission

Veterinary Medicine Cost of Attendance

Veterinary Medicine Cost of Attendance Adjustment

Planning to Pay

  1. Review financial resources (loans, savings, cash, etc.) that can be used to pay each semester
  2. Create a budget for non-billable expenses (ie: off-campus housing, food, day-to-day living expenses) to determine if loans are needed to cover those costs
  3. Accept, reduce, or decline loans every semester in AccessPlus
  4. Monitor borrowing and the anticipated repayment amount in AccessPlus by selecting “Loan Payment Est” from the “Financial Aid” menu option.

Additional guidance on planning to pay and preparing for a career in Veterinary Medicine is available on our Financial Planning Resources handout.

If you need assistance planning to pay, visit the ISU Student Loan Education Office website for helpful resources. A representative from the ISU Student Loan Education Office will also hold weekly office hours at the CVM.

Facts and Statistics

The majority of financial aid for Veterinary Medicine students is in the form of loans. Students graduating from the ISU College of Veterinary Medicine had the following average indebtedness upon degree completion:

  • $134,193 – Average indebtedness of graduates in 2011-2012
  • $134,830 – Average indebtedness of graduates in 2012-2013
  • $138,473 – Average indebtedness of graduates in 2013-2014
  • $139,097 – Average indebtedness of graduates in 2014-2015
  • $136,677 – Average indebtedness of graduates in 2015-2016

Contact Information for the Office of Student Financial Aid

  • On-Campus: 0210 Beardshear Hall
  • College of Veterinary Medicine 2250
  • Office Hours: Tuesday 12-4pm & Wednesday 12-4pm
  • Phone: (515) 294-2223
  • Email: vmfinancialaid@iastate.edu